Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Stockholders of record on Friday, October 27th will be given a dividend of 0.01 per share by the financial services provider on Monday, November 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, October 26th.

Shares of Old Second Bancorp (NASDAQ OSBC) opened at 14.25 on Friday. The company has a market cap of $422.18 million, a P/E ratio of 22.98 and a beta of 1.38. Old Second Bancorp has a 12 month low of $7.65 and a 12 month high of $14.90. The company’s 50 day moving average is $12.60 and its 200-day moving average is $11.88.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a net margin of 16.82% and a return on equity of 10.30%. Analysts expect that Old Second Bancorp will post $0.80 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price objective on shares of Old Second Bancorp in a research note on Friday, July 14th. ValuEngine cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded 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 research note on Wednesday, August 2nd. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, DA Davidson assumed coverage on shares of Old Second Bancorp in a research note on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.17.

In other news, Director William Kane sold 10,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $11.98, for a total value of $119,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William B. Skoglund sold 3,850 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $12.13, for a total transaction of $46,700.50. The disclosure for this sale can be found here. In the last 90 days, insiders bought 5,550 shares of company stock valued at $62,594 and sold 50,350 shares valued at $609,088. Corporate insiders own 3.60% of the company’s stock.

Old Second Bancorp Company Profile

Dividend History for Old Second Bancorp (NASDAQ:OSBC)

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