Old Second Bancorp Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, October 16th, NASDAQ reports. Stockholders of record on Friday, October 26th will be given a dividend of 0.01 per share by the financial services provider on Monday, November 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, October 25th.
Old Second Bancorp has a payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Old Second Bancorp to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.2%.
OSBC opened at $14.85 on Friday. The stock has a market cap of $442.04 million, a PE ratio of 18.33, a P/E/G ratio of 1.86 and a beta of 0.64. Old Second Bancorp has a 52-week low of $12.15 and a 52-week high of $16.30. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.60.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $31.77 million for the quarter, compared to the consensus estimate of $32.15 million. Old Second Bancorp had a return on equity of 15.63% and a net margin of 16.58%. On average, equities research analysts forecast that Old Second Bancorp will post 1.14 earnings per share for the current year.
OSBC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, September 27th. Sandler O’Neill reiterated a “buy” rating and set a $18.00 price target on shares of Old Second Bancorp in a research note on Friday, July 27th. Finally, BidaskClub cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Old Second Bancorp presently has a consensus rating of “Buy” and an average price target of $17.50.
About Old Second Bancorp
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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