Old Second Bancorp (OSBC) Set to Announce Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) will be releasing its earnings data on Wednesday, April 17th.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). Old Second Bancorp had a net margin of 28.12% and a return on equity of 17.52%. The firm had revenue of $69.96 million during the quarter, compared to analyst estimates of $72.87 million. On average, analysts expect Old Second Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $13.35 on Tuesday. The company’s fifty day moving average price is $13.48 and its 200 day moving average price is $14.18. Old Second Bancorp has a 12 month low of $10.79 and a 12 month high of $16.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $598.08 million, a P/E ratio of 6.61 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OSBC. Vanguard Group Inc. grew its position in Old Second Bancorp by 42.3% during the 1st quarter. Vanguard Group Inc. now owns 1,925,199 shares of the financial services provider’s stock worth $27,934,000 after purchasing an additional 572,257 shares during the last quarter. EJF Capital LLC grew its position in Old Second Bancorp by 140.4% during the 1st quarter. EJF Capital LLC now owns 849,682 shares of the financial services provider’s stock worth $12,329,000 after purchasing an additional 496,218 shares during the last quarter. State Street Corp grew its position in Old Second Bancorp by 72.3% during the 2nd quarter. State Street Corp now owns 1,001,589 shares of the financial services provider’s stock worth $13,401,000 after purchasing an additional 420,215 shares during the last quarter. JPMorgan Chase & Co. grew its position in Old Second Bancorp by 201.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 403,226 shares of the financial services provider’s stock worth $5,395,000 after purchasing an additional 269,533 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Old Second Bancorp by 81.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 454,054 shares of the financial services provider’s stock worth $5,930,000 after purchasing an additional 203,495 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James upgraded shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Thursday, April 4th.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.