Old Second Bancorp Inc. to Post Q1 2018 Earnings of $0.26 Per Share, DA Davidson Forecasts (OSBC)

Old Second Bancorp Inc. (NASDAQ:OSBC) – DA Davidson raised their Q1 2018 earnings per share (EPS) estimates for Old Second Bancorp in a research note issued on Monday. DA Davidson analyst K. Reevey now expects that the financial services provider will earn $0.26 per share for the quarter, up from their previous estimate of $0.21. DA Davidson also issued estimates for Old Second Bancorp’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.21 EPS, FY2018 earnings at $0.93 EPS and FY2019 earnings at $1.09 EPS.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ 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%.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday. Keefe, Bruyette & Woods raised Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday. Sandler O’Neill raised Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. ValuEngine lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, BidaskClub lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Old Second Bancorp currently has an average rating of “Buy” and a consensus target price of $13.17.

Old Second Bancorp (NASDAQ OSBC) traded up $0.10 on Wednesday, reaching $14.25. The company’s stock had a trading volume of 128,900 shares, compared to its average volume of 124,000. The firm has a market cap of $419.22, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. Old Second Bancorp has a 12-month low of $9.65 and a 12-month high of $14.90.

Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in shares of Old Second Bancorp by 440.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 10,008 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Old Second Bancorp during the 2nd quarter worth approximately $161,000. Alliancebernstein L.P. acquired a new stake in shares of Old Second Bancorp during the 2nd quarter worth approximately $236,000. Thrivent Financial For Lutherans acquired a new stake in shares of Old Second Bancorp during the 2nd quarter worth approximately $241,000. Finally, Numeric Investors LLC acquired a new stake in shares of Old Second Bancorp during the 2nd quarter worth approximately $283,000. 68.27% of the stock is currently owned by institutional investors.

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

WARNING: This article was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/01/05/old-second-bancorp-inc-to-post-q1-2018-earnings-of-0-26-per-share-da-davidson-forecasts-osbc.html.

Old Second Bancorp Company Profile

Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply