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

Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.06 per share by the financial services provider on Monday, February 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, January 31st.

Old Second Bancorp has increased its dividend payment by an average of 9.5% per year over the last three years. Old Second Bancorp has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Old Second Bancorp to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.4%.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $18.76 on Wednesday. Old Second Bancorp has a 52-week low of $13.00 and a 52-week high of $19.37. The stock’s 50-day moving average price is $18.21 and its 200 day moving average price is $17.06. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $841.39 million, a PE ratio of 10.03 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, equities research analysts forecast that Old Second Bancorp will post 1.86 EPS for the current year.

Insider Transactions at Old Second Bancorp

In related news, Director Rocks Patti Temple purchased 5,625 shares of Old Second Bancorp stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now owns 18,679 shares in the company, valued at approximately $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OSBC shares. Piper Sandler upped their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. DA Davidson set a $18.00 price objective on Old Second Bancorp in a report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and set a $21.00 target price on shares of Old Second Bancorp in a research report on Thursday, January 23rd.

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.