Old Second Bancorp, Inc. (NASDAQ:OSBC) declares a dividend of $0.05.
Old Second Bancorp, Inc. (NASDAQ:OSBC), according to data compiled by investing.com, made a dividend payment on October 20. Shareholders who have ensured that the financial services company has submitted their filings by the deadline of Friday, October 28 will be eligible to receive a dividend payment of $0.05 per share on Monday, November 7. This payment is also made by the company providing financial services. As a result, the dividend yield is 1.39 percent. This dividend payment will either be made on Thursday October 27th or not and the outcome will be determined.
Old Second Bancorp has increased its dividend every year for the past three years, and they’ve increased it by an average of 58.7% each year. This trend has also continued in the current year. The 10.7% payout ratio for Old Second Bancorp shows that the company’s earnings adequately cover the dividend the company pays out. Old Second Bancorp should be able to continue paying its current dividend of $0.20 per share as the company expects its payout ratio to return 10.6% going forward and annual earnings to be $1.89 per share share will be.
When trading began on Thursday, OSBC was priced at $14.38 per share. The company’s beta is 1.04 and its market cap currently stands at $640.77 million. The price-to-earnings ratio is 25.23. The debt to equity ratio is 0.31, the current ratio is 0.72, and the quick ratio is 0.72. Total debt to total equity is 0.31. The stock has traded at an average price of $13.84 per share over the last 50 trading days, while its price has averaged $14.11 per share over the last 200 trading days. Old Second Bancorp bottomed at $11.95 last year while the company peaked at $15.68 over the same period.
Old Second Bancorp (NASDAQ:OSBC) released the results of its most recent quarterly report on Wednesday, July 27th. The financial services company’s quarterly earnings per share were $0.31, which was $0.04 lower than analysts’ expected quarterly earnings per share of $0.35. Company revenue for the quarter was $54.48 million, a significant increase from the overall revenue guidance of $54.27 million. Old Second Bancorp had a year-end return on equity of 11.69% and a net margin of 12.48%. According to forecasts by financial analysts, Old Second Bancorp is expected to earn 1.52 cents per share for the current fiscal year as indicated by forecasts by financial analysts.
Recently there has been significant market activity from various major investors buying and selling shares in the company. During the second quarter, Legal & General Group Plc realized a 446.1 percent increase in Old Second Bancorp shares held in its portfolio. Legal & General Group Plc has increased its total number of shares in a financial services company by 10,047 since the end of the last quarter. This brings the total number of shares in the company to 12,298 and increases the value of those shares by $165,000. Goldman Sachs Group Inc. increased its holdings of Old Second Bancorp stock by 20.7% in the fiscal second quarter. Goldman Sachs Group Inc. now has a total of 106,460 shares held by the financial services provider as the company purchased an additional 18,261 shares during the period. The company’s shares are currently valued at a total of $1,424,000. During the second quarter, Prudential Financial Inc. increased its stake in Old Second Bancorp stock by 1.9%, increasing the company’s total ownership of the company to 100%. After purchasing an additional 1,110 shares in the most recent fiscal quarter, Prudential Financial Inc. now owns 58,298 shares. These shares are currently worth $780,000 at the current market price. The amount of Old Second Bancorp stock owned by Occudo Quantitative Strategies LP rose 141.7% in the second quarter on the back of the company’s recent stock purchases. After purchasing an additional 25,363 shares during the period in question, Occudo Quantitative Strategies LP now holds a total of 43,265 shares in the financial services provider, which together are valued at $579,000. During the second quarter, State Street Corporation increased its holdings of Old Second Bancorp stock by 72.3%. That was an achievement not to be overlooked. State Street Corp. now owns a total of 1,001,589 shares of the financial services provider, valued at $13,410,000. This was achieved after the company bought an additional 420,215 shares over time. Hedge funds and other institutional investors together hold 67.30% of the company’s total shares.
Recently, various equity analysts have provided the company with feedback, which the company has taken into account. StockNews.com announced on its website on October 12, 2013 that Old Second Bancorp had been added to the list of companies they cover. The article has been published. They advised investors to “hold” the stock rather than sell it. After conducting research made available to the public on September 29, Piper Sandler lowered her price target on Old Second Bancorp to $18.00. The research included a statement on the newly set target price. Raymond James gave Old Second Bancorp a “strong buy” rating on Thursday, July 7, and the investment firm also raised its price target on the company to $18.50 from $18.00. Old Second Bancorp was previously rated “c+”. Nonetheless, TheStreet ultimately gave the company a “b” rating, according to a report published on Friday, October 14.
Old Second Bancorp, Inc. is the holding company responsible for the local bank known as Old Second National Bank. Old Second National Bank is a subsidiary of Old Second Bancorp, Inc. It is possible to open individual checking, deposit, sight, NOW, money market, savings, time deposit, and individual retirement accounts. There is a wide range of business loans, lease receivables, commercial real estate loans, home loans, residential real estate loans (including first and second mortgage loans), home equity lines of credit, consumer loans (including auto loans). , home improvement and signature loans), installment loans, farm loans, home loans and overdrafts. There are also overdraft and business loan options. There are also ways to check overdrafts, get mortgages for homes and businesses, and get commercial real estate loans.