Equities research analysts expect Old Second Bancorp Inc. (NASDAQ:OSBC) to report $0.24 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Old Second Bancorp’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.21. Old Second Bancorp reported earnings per share of $0.15 during the same quarter last year, which suggests a positive year over year growth rate of 60%. The company is expected to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Old Second Bancorp will report full year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.08. For the next financial year, analysts forecast that the business will report earnings of $1.19 per share, with EPS estimates ranging from $1.16 to $1.22. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Old Second Bancorp.
OSBC has been the topic of a number of research reports. Sandler O’Neill upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.17.
In related news, Chairman William B. Skoglund sold 2,500 shares of Old Second Bancorp stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $14.50, for a total transaction of $36,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 15,306 shares of company stock valued at $222,044. 3.20% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its stake in shares of Old Second Bancorp by 19.7% during the 4th quarter. LSV Asset Management now owns 33,264 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 5,464 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Old Second Bancorp by 10.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 63,226 shares of the financial services provider’s stock valued at $864,000 after buying an additional 6,002 shares during the period. Manchester Capital Management LLC boosted its position in Old Second Bancorp by 27.9% in the 4th quarter. Manchester Capital Management LLC now owns 34,419 shares of the financial services provider’s stock valued at $470,000 after buying an additional 7,500 shares during the period. Prudential Financial Inc. boosted its position in Old Second Bancorp by 27.7% in the 3rd quarter. Prudential Financial Inc. now owns 39,650 shares of the financial services provider’s stock valued at $533,000 after buying an additional 8,610 shares during the period. Finally, California Public Employees Retirement System boosted its position in Old Second Bancorp by 11.8% in the 3rd quarter. California Public Employees Retirement System now owns 87,997 shares of the financial services provider’s stock valued at $1,184,000 after buying an additional 9,297 shares during the period. 69.04% of the stock is owned by hedge funds and other institutional investors.
About Old Second Bancorp
Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.
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