Old Second Bancorp (NASDAQ:OSBC) Stock, Quote.Headers.trade-ideas

Old Second Bancorp

Old Second Bancorp Inc is a bank holding company. It provides consumer and commercial banking products such as demand, money market, savings, time deposit, and individual retirement as well as commercial, industrial, consumer, and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking, safe deposit operations, trust services, wealth management services, and additional services tailored to the needs of individual customers, corporates, small-medium enterprises. The company's revenue consists of interest, commission, payments, and other income.

Earnings

Large Cap

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Offerings

Small Cap

Markets

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Trading Ideas

LPLA

OSBC

LPL Financial (NASDAQ: LPLA) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ.

LPL Financial on Buyout Spree, to Acquire Investment Center

Mid Cap

FRME

Old Second Bancorp, Inc. (NASDAQ: OSBC) signed an agreement with First Merchants Corp. (NASDAQ: FRME) to acquire five Illinois branches alongside certain branch-specific loans and deposits.

Old Second Bancorp to Acquire First Merchants&#39; 5 Branches in Illinois

Upgrades

Old Second Bancorp (NASDAQ: OSBC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

All You Need to Know About Old Second Bancorp Rating Upgrade to Buy

Old Second Bancorp Inc

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Piper Sandler analyst Nathan Race maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Overweight and raises the price target from $22.5 to $23.

Price Target

Piper Sandler Maintains Overweight on Old Second Bancorp, Raises Price Target to $23

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.47 by 8.51 percent. This is a 7.27 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $86.65 million which beat the analyst consensus estimate of $70.70 million by 22.56 percent. This is a 18.85 percent increase over sales of $72.91 million the same period last year.

Earnings Beats

Old Second Bancorp Q3 Adj $0.51 Beats $0.47 Estimate, Sales $86.65M Beat $70.70M Estimate

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Old Second Bancorp will report an earnings per share (EPS) of $0.47. 
The announcement from Old Second Bancorp is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS missed by $0.01, leading to a 2.21% drop in the share price on the subsequent day.
Here's a look at Old Second Bancorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
<td>0.55</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>-8.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729008031_0.png" alt="eps graph" />
<h3>Performance of Old Second Bancorp Shares</h3>
Shares of Old Second Bancorp were trading at $15.57 as of October 14. Over the last 52-week period, shares are up 18.69%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/OSBC/earnings">To track all earnings releases for Old Second Bancorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Old Second Bancorp's Earnings Preview

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.38, a high estimate of $19.50, and a low estimate of $17.00. This current average has increased by 2.11% from the previous average price target of $18.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1727269232_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Old Second Bancorp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>David Long</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$19.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Nathan Race</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$19.50</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Old Second Bancorp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Old Second Bancorp compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Old Second Bancorp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Old Second Bancorp's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OSBC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Old Second Bancorp analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Old Second Bancorp: A Closer Look</h2>
Old Second Bancorp Inc is a bank holding company. It provides consumer and commercial banking products such as demand, money market, savings, time deposit, and individual retirement as well as commercial, industrial, consumer, and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking, safe deposit operations, trust services, wealth management services, and additional services tailored to the needs of individual customers, corporates, small-medium enterprises. The company's revenue consists of interest, commission, payments, and other income.
<h3>Old Second Bancorp's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Old Second Bancorp faced challenges, resulting in a decline of approximately -1.54% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Old Second Bancorp's net margin excels beyond industry benchmarks, reaching 31.5%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.6%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.39%, the company showcases effective utilization of assets.
Debt Management: Old Second Bancorp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.67.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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A Glimpse Into The Expert Outlook On Old Second Bancorp Through 4 Analysts

DA Davidson analyst Manuel Navas downgrades Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) from Buy to Neutral and lowers the price target from $19 to $17.

Downgrades

DA Davidson Downgrades Old Second Bancorp to Neutral, Lowers Price Target to $17

Raymond James analyst David Long downgrades Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) from Strong Buy to Outperform and lowers the price target from $19 to $18.

Raymond James Downgrades Old Second Bancorp to Outperform, Lowers Price Target to $18

LPL Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ.
The acquisition will bring The Investment Center&#39;s 240 advisors and nearly $9 billion in assets under LPL Financial&#39;s umbrella, reinforcing its strategy of expanding its advisor network and enhancing offerings.
The Investment Center&#39;s entrepreneurial ethos and advisor-first philosophy align closely with LPL Financial&#39;s mission, making the acquisition a natural fit. Rich Steinmeier, the company&#39;s managing director and chief growth officer, highlighted the opportunity to further empower The Investment Center&#39;s high-performing advisors with LPLA&#39;s industry-leading technology and resources.
By integrating The Investment Center&#39;s well-established back-office support services and investment tools, LPL Financial intends to enhance the service experience for its advisors and clients.
<h2>LPLA&#39;s Past Buyouts</h2>
Given a strong balance sheet position, LPL Financial has accomplished several opportunistic deals over the years. In May 2024, the company acquired the wealth management business of Crown Capital. In February 2024, it announced an agreement to acquire Atria Wealth Solutions to bolster its offerings in the wealth management solutions market.
In 2023, the company took a minority stake in IAA (a hybrid registered investment advisory firm) and acquired FRGIS and the Private Client Group business of Boenning &amp; Scattergood. In 2021, it took over Waddell &amp; Reed&#39;s wealth management business, while in 2020, the company acquired Blaze Portfolio, the assets of E.K. Riley Investments, LLC and Lucia Securities.
Inorganic expansion efforts have been helping LPL Financial diversify revenues, add new capabilities and accelerate expansion into new markets.
<h2>Our Take on LPL Financial&#39;s Expansion Plans</h2>
The recent move to acquire The Investment Center reflects LPL Financial&#39;s intent to solidify its market position by continually adding value through strategic acquisitions.
The deal is poised to strengthen LPLA&#39;s asset base and broaden its advisory network, potentially leading to increased revenue streams. By bringing in more independent advisors and their assets, the company is well-positioned to achieve sustained growth.
So far this year, shares of LPL Financial have lost 3.9% against the industry&#39;s rally of 13.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7d/76652.jpg?v=506973714" />
Image Source: Zacks Investment Research
At present, LPLA carries a Zacks Rank #3 (Hold).
<h2>Other Finance Firms Making Similar Moves</h2>
Last week, Bridgewater Bancshares Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwb#NASDAQ">BWB</a>) signed an agreement to acquire First Minnetonka City Bank. The consideration will be fully settled in cash and includes a minimum tier 1 capital requirement by the First Minnetonka City Bank.
The deal is anticipated to be 15% accretive to BWB&#39;s 2025 earnings per share with a tangible book value earn-back period of less than three years.
In August, Old Second Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osbc#NASDAQ">OSBC</a>) inked an agreement with First Merchants Corp. to buy five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA.
The acquisition is expected to strengthen OSBC&#39;s status as one of the largest banks headquartered in Chicagoland and significantly expand its existing branch network, specifically in the Southeast Chicago market.
<a href="https://www.zacks.com/stock/news/2331842/lpl-financial-on-buyout-spree-to-acquire-investment-center?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2331842">To read this article on Zacks.com click here.</a>

Old Second Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osbc#NASDAQ">OSBC</a>) signed an agreement with First Merchants Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frme#NASDAQ">FRME</a>) to acquire five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA.
<h2>Details of the Acquisition by Old Second Bancorp</h2>
OSBC will pay a total cash consideration of roughly $23 million, equivalent to a 7.5% deposit premium to First Merchants. The company expects to assume roughly $304 million in deposits and almost $12 million in loans associated with these branches.
The deal is expected to be completed by 2024-end, subject to regulatory approvals. Until then, these five branches will continue to operate under First Merchants&#39; name. These will be rebranded as Old Second Bancorp&#39;s branches immediately upon closure of the transaction.
<h2>OSBC&#39;s Strategic Rationale Behind the Deal</h2>
The acquisition is expected to strengthen OSBC&#39;s status as one of the largest banks headquartered in Chicagoland and significantly expand its existing branch network, specifically in the Southeast Chicago market.
For First Merchants, this divestiture completes its branch exit from suburban Chicago markets.
This move aligns with Old Second Bancorp&#39;s inorganic growth strategy to deepen its presence in the Illinois market. In December 2021, the company acquired West Suburban Bancorp, Inc. to enhance its presence in the west suburban Chicago area. The deal comprised the buyout of 34 branches with a retail and commercial client mix of loans and deposits.
<h2>Zacks Rank &amp; Price Performance</h2>
Year to date, shares of Old Second Bancorp have risen 7.3% compared with the industry&#39;s 14% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d3/75770.jpg?v=1648470476" />
Image Source: Zacks Investment Research
Currently, OSBC carries a Zacks Rank #4 (Sell).&nbsp;
<h2>Similar Steps by Other Financial Services Firms</h2>
Earlier this month, State Street Corporation&#39;s asset management unit, State Street Global Advisors, announced an investment in a leading Australian fintech platform, Raiz Invest Limited. As part of the equity investment agreement, State Street Global Advisors will acquire 5% of Raiz&#39;s share capital through a placement.
Through this partnership, State Street Global Advisors&#39; trusted brand and deep knowledge of markets will come together with Raiz&#39;s mobile-first platform, which will help retail investors in Australia with micro-investments primarily in exchange-traded funds and model portfolios.
U.S. Bancorp&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) lead banking division, U.S. Bank, expanded its focus on the healthcare industry with the acquisition of Salucro Healthcare Solutions LLC. The buyout was completed on Aug. 21, 2024. The financial terms of the deal were kept under wraps.
Based in Tempe, AZ, Salucro is a provider of healthcare financial technology with a primary focus on patient payments and billing. Previously, Salucro had been a partner of Elavon, a subsidiary of U.S. Bank. In 2022, U.S. Bank made its initial investment in Salucro, and its platform was sold through Elavon as MedEpay.
The acquisition of Salucro extends U.S. Bank&#39;s more than a century of service to healthcare-focused clientele. Following the acquisition, Salucro&#39;s employees have now become part of U.S. Bank and will be integrated into Elavon, one of the largest global payments processing firms.
<a href="https://www.zacks.com/stock/news/2328487/old-second-bancorp-to-acquire-first-merchants-5-branches-in-illinois?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2328487">To read this article on Zacks.com click here.</a>

Old Second Bancorp to Acquire First Merchants' 5 Branches in Illinois

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank _____________
Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans

Old Second Bancorp And First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations;  Old Second Will Purchase 5 Illinois Branch Locations; Old Second Assumes ~$304M In Deposits And Purchasing ~$12M In Brand-Related Loans; Old Second To Pay ~$23M

DA Davidson analyst Manuel Navas maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Buy and raises the price target from $16 to $19.

DA Davidson Maintains Buy on Old Second Bancorp, Raises Price Target to $19

Piper Sandler analyst Nathan Race maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Overweight and raises the price target from $18 to $19.5.

Piper Sandler Maintains Overweight on Old Second Bancorp, Raises Price Target to $19.5

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported &nbsp;reported quarterly sales of $70.817 million which beat the analyst consensus estimate of $69.805 million by 1.45 percent. This is a 1.37 percent decrease over sales of $71.803 million the same period last year.

Earnings Misses

Old Second Bancorp Q2 2024 Sales $70.817M Beat $69.805M Estimate

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported quarterly earnings of $0.46 per share which missed the analyst consensus estimate of $0.47 by 2.13 percent. This is a 17.86 percent decrease over earnings of $0.56 per share from the same period last year.

Old Second Bancorp Q2 2024 Adj EPS $0.46 Misses $0.47 Estimate

Old Second Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osbc#NASDAQ">OSBC</a>) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company&#39;s changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Old Second Bancorp basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Old Second Bancorp imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for Old Second Bancorp
For the fiscal year ending December 2024, this financial holding company is expected to earn $1.92 per share, which is a change of -6.3% from the year-ago reported number.
Analysts have been steadily raising their estimates for Old Second Bancorp. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.5%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Old Second Bancorp to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2290021/all-you-need-to-know-about-old-second-bancorp-osbc-rating-upgrade-to-buy?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2290021">To read this article on Zacks.com click here.</a>

Stephens &amp; Co. analyst Terry McEvoy reiterates Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Overweight and maintains $17 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Old Second Bancorp, Maintains $17 Price Target

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. The company reported quarterly sales of $70.284 million which beat the analyst consensus estimate of $69.799 million by 0.70 percent. This is a 1.61 percent decrease over sales of $71.436 million the same period last year.

Old Second Bancorp Q1 2024 Adj EPS $0.47, Inline, Sales $70.284M Beat $69.799M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion.
&bull; VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is expected to report earnings for its first quarter.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $1.86 billion.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is estimated to report quarterly earnings at $0.96 per share on revenue of $9.89 billion.
&bull; First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $809.71 million.
&bull; U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $6.72 billion.
&bull; Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is estimated to report quarterly earnings at $4.81 per share on revenue of $10.49 billion.
&bull; BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $240.01 million.
&bull; Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is projected to report quarterly earnings at $0.74 per share on revenue of $1.96 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) is likely to report earnings for its first quarter.
&bull; Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $28.45 million.
&bull; Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $122.32 million.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $2.94 billion.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is estimated to report quarterly earnings at $0.71 per share on revenue of $127.43 million.
&bull; Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $4.47 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $129.70 million.
&bull; First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $161.53 million.
&bull; Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $1.40 billion.
&bull; Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is projected to report quarterly loss at $0.43 per share on revenue of $2.58 billion.
&bull; Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $207.33 million.
&bull; Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $106.01 million.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $158.04 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is likely to report quarterly earnings at $0.46 per share on revenue of $69.80 million.
&bull; Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.04 per share on revenue of $47.52 million.
&bull; Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $0.99 per share on revenue of $548.06 million.
&bull; F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $407.30 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $1.09 billion.
&bull; Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) is expected to report quarterly earnings at $2.99 per share on revenue of $4.05 billion.
&bull; Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is projected to report quarterly earnings at $1.46 per share on revenue of $397.07 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $3.67 billion.
&bull; Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is estimated to report quarterly earnings at $2.44 per share on revenue of $579.20 million.
&bull; Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is estimated to report quarterly earnings at $1.13 per share on revenue of $135.76 million.
&bull; Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $197.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.63 billion.
&bull; Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $272.17 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 17, 2024

Raymond James analyst David Long upgrades Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) from Outperform to Strong Buy and maintains the price target from $17 to $17.

Raymond James Upgrades Old Second Bancorp to Strong Buy, Maintains Price Target to $17

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li>Meridian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRBK#NASDAQ">MRBK</a>) - P/E: 8.52</li>
<li>Intl General Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGIC#NASDAQ">IGIC</a>) - P/E: 6.07</li>
<li>Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) - P/E: 6.61</li>
<li>OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) - P/E: 8.96</li>
<li>Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) - P/E: 8.44</li>
</ol>
Meridian has reported Q4 earnings per share at $0.05, which has decreased by 85.71% compared to Q3, which was 0.35. Its most recent dividend yield is at 3.83%, which has decreased by 1.51% from 5.34% in the previous quarter.
This quarter, Intl General Insurance experienced a decrease in earnings per share, which was $0.83 in Q2 and is now $0.79. The company's most recent dividend yield sits at 0.33%, which has decreased by 0.05% from 0.38% last quarter. 
This quarter, Old Second Bancorp experienced a decrease in earnings per share, which was $0.55 in Q3 and is now $0.42. The company's most recent dividend yield sits at 1.33%, which has decreased by 0.14% from 1.47% last quarter. 
OceanFirst Financial has reported Q4 earnings per share at $0.45, which has increased by 40.62% compared to Q3, which was 0.32. Most recently, the company reported a dividend yield of 4.84%, which has decreased by 0.9% from last quarter's yield of 5.74%.
Peoples Bancorp saw an increase in earnings per share from 0.9 in Q3 to $1.04 now. Its most recent dividend yield is at 4.93%, which has decreased by 1.21% from 6.14% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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MRBK

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PEBO

5 Value Stocks In The Financial Services Sector

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Old Second Bancorp Non-GAAP EPS of $0.51 beats by $0.04

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KBW Keeps Their Buy Rating on Old Second Bancorp (OSBC)

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Piper Sandler Reaffirms Their Buy Rating on Old Second Bancorp (OSBC)

Old Second Bancorp, Inc. (OSBC) Q3 2024 Earnings Call Transcript

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MBWM

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Press Releases

O2 Sponsor Finance provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters

O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Catalina Finer Food, LLC in their Acquisition of Saugatuck Kitchens, LLC

Old Second Bancorp, Inc. Reports First Quarter 2024 Net Income of $21.3 Million, or $0.47 per Diluted Share

Management

O2 Sponsor Finance Hires Sean Maher as Vice President

O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Encore Consumer Capital in its Acquisition of Chalet Desserts

Old Second Bancorp, Inc. Reports Second Quarter 2024 Net Income of $21.9 Million, or $0.48 per Diluted Share

Financing

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

Contracts

Old Second Bancorp, Inc. Reports Third Quarter 2024 Net Income of $23.0 Million, or $0.50 per Diluted Share

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