Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Free Report) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Stockholders of record on Friday, April 26th will be paid a dividend of 0.05 per share by the financial services provider on Monday, May 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, April 25th.
Old Second Bancorp has increased its dividend payment by an average of 71.0% per year over the last three years. Old Second Bancorp has a dividend payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Old Second Bancorp to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.8%.
Old Second Bancorp Stock Performance
Shares of OSBC stock opened at $14.50 on Tuesday. The stock has a market cap of $649.60 million, a PE ratio of 7.36 and a beta of 1.10. Old Second Bancorp has a 52-week low of $10.79 and a 52-week high of $16.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $13.53 and a 200-day simple moving average of $14.19.
Analyst Ratings Changes
A number of brokerages have commented on OSBC. Stephens reissued an “overweight” rating and set a $17.00 target price on shares of Old Second Bancorp in a report on Friday. Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Thursday, April 4th.
View Our Latest Analysis on OSBC
About Old Second Bancorp
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.
Featured Articles
- Five stocks we like better than Old Second Bancorp
- Comparing and Trading High PE Ratio Stocks
- Zscaler’s Potential Upside Continues to Explode
- What is the Nikkei 225 index?
- 3 A.I. Stocks to Watch Out For Not Named NVIDIA
- What Investors Need to Know About Upcoming IPOs
- 2 Stocks to Benefit From New Sanctions on Russian Aluminum
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.