Old Second Bancorp, Inc. (NASDAQ:OSBC) is reporting third quarter earnings results on Wednesday 21st October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.23 per share.
For the full year, analysts predict revenues of $ 129.80 million, while looking forward to income of $ 0.76 per share.
Previous Quarter Performance
Old Second Bancorp, Inc. outlined income for the second quarter of $ 0.31 per share, from the revenue of $ 33.40 million. Street analysts expected Old Second Bancorp, Inc. to report income of $ 0.15 per share on revenue of $ 31.73 million for the second quarter. The bottom line results beat street analysts by $ 0.16 or 106.67 percent, at the same time, top line results outshined analysts by $ 1.67 million or 5.26 percent.
Stock Performance
Shares of Old Second Bancorp, Inc. traded up $ 0.08 or 0.93 percent on Tuesday, reaching $ 8.72 with volume of 25.50 thousand shares. Old Second Bancorp, Inc. has traded high as $ 8.92 and has cracked $ 8.70 on the downward trend
The closing price of $ 8.72, representing a 44.97 % increase from the 52 week low of $ 5.96 and a 37.25 % decrease over the 52 week high of $ 13.77.
The company has a market capital of $ 251.02 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 10.00 target price.
- On 23rd September 2020, upgraded by Raymond James to Strong Buy from Outperform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.01 per share on July 21, 2020. The dividend were payable on August 10, 2020 to holders of record as of the close of business on July 31, 2020 and ex-dividend date on July 30, 2020.
Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts.
