Old Second Bancorp, Inc. (OSBC) To Go Ex-Dividend on July 31st

Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, July 31st will be given a dividend of 0.07 per share by the financial services provider on Monday, August 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st.

Old Second Bancorp has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Old Second Bancorp has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Old Second Bancorp to earn $2.26 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.4%.

Old Second Bancorp Trading Down 1.1%

Shares of OSBC stock opened at $23.41 on Thursday. The company has a market cap of $1.20 billion, a PE ratio of 13.93 and a beta of 0.70. Old Second Bancorp has a 1 year low of $16.42 and a 1 year high of $23.99. The stock’s 50 day simple moving average is $22.22 and its two-hundred day simple moving average is $21.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $96.59 million during the quarter, compared to analyst estimates of $94.88 million. Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. Research analysts predict that Old Second Bancorp will post 2.15 earnings per share for the current year.

Institutional Trading of Old Second Bancorp

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,067 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Old Second Bancorp by 74.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after buying an additional 630,265 shares during the period. Empowered Funds LLC boosted its stake in shares of Old Second Bancorp by 38.7% in the first quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock worth $2,794,000 after buying an additional 46,890 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Old Second Bancorp in the first quarter worth about $1,378,000. Finally, Strs Ohio acquired a new stake in Old Second Bancorp during the first quarter worth about $88,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.