$27.70 Million in Sales Expected for Old Second Bancorp Inc. (OSBC) This Quarter

Equities research analysts expect Old Second Bancorp Inc. (NASDAQ:OSBC) to post $27.70 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Old Second Bancorp’s earnings. The highest sales estimate is $28.40 million and the lowest is $27.00 million. Old Second Bancorp reported sales of $25.94 million during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The company is expected to announce its next earnings results on Monday, March 12th.

On average, analysts expect that Old Second Bancorp will report full-year sales of $27.70 million for the current year, with estimates ranging from $105.60 million to $109.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $115.10 million per share, with estimates ranging from $111.60 million to $118.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Old Second Bancorp.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%.

OSBC has been the subject of several research analyst reports. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, October 25th. DA Davidson initiated coverage on Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research report on Tuesday, October 3rd. BidaskClub cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Sandler O’Neill upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.50.

Old Second Bancorp (NASDAQ OSBC) traded up $0.85 during trading on Thursday, hitting $13.70. The stock had a trading volume of 171,100 shares, compared to its average volume of 86,156. Old Second Bancorp has a twelve month low of $9.65 and a twelve month high of $14.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $386.63, a PE ratio of 18.27, a PEG ratio of 2.30 and a beta of 1.27.

In other Old Second Bancorp news, Director John Ladowicz sold 10,096 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total value of $145,382.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 10,996 shares of company stock worth $157,874 in the last three months. 3.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its stake in shares of Old Second Bancorp by 440.1% during the second quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 10,008 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Old Second Bancorp during the second quarter valued at $161,000. Alliancebernstein L.P. acquired a new stake in shares of Old Second Bancorp during the second quarter valued at $236,000. Thrivent Financial For Lutherans acquired a new stake in shares of Old Second Bancorp during the second quarter valued at $241,000. Finally, Numeric Investors LLC acquired a new stake in shares of Old Second Bancorp during the second quarter valued at $283,000. 68.27% of the stock is currently owned by institutional investors.

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About Old Second Bancorp

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Earnings History and Estimates for Old Second Bancorp (NASDAQ:OSBC)

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