Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Wednesday, July 19th, NASDAQ reports. Investors of record on Friday, July 28th will be given a dividend of 0.01 per share by the financial services provider on Monday, August 7th. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, July 26th.
Shares of Old Second Bancorp (NASDAQ OSBC) opened at 11.55 on Friday. The firm’s 50-day moving average price is $11.73 and its 200-day moving average price is $11.26. Old Second Bancorp has a 52-week low of $7.00 and a 52-week high of $12.75. The stock has a market cap of $341.65 million, a P/E ratio of 20.26 and a beta of 1.32.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Old Second Bancorp had a net margin of 16.00% and a return on equity of 9.73%. The business had revenue of $24.73 million during the quarter, compared to the consensus estimate of $22.60 million. Equities analysts predict that Old Second Bancorp will post $0.70 EPS for the current year.
OSBC has been the subject of several research reports. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, May 3rd. ValuEngine raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price objective on shares of Old Second Bancorp in a report on Friday, July 14th.
In other Old Second Bancorp news, Director Edward Bonifas purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $11.60 per share, with a total value of $29,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bradley S. Adams purchased 41,800 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was acquired at an average cost of $11.89 per share, with a total value of $497,002.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 52,866 shares of company stock valued at $625,570. 3.60% of the stock is owned by insiders.
WARNING: This news story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/07/21/old-second-bancorp-inc-declares-quarterly-dividend-of-0-01-nasdaqosbc.html.
About Old Second Bancorp
Receive News & Ratings for Old Second Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
