Old Second Bancorp Stock (NASDAQ:OSBC), 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.

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Old Second Bancorp Inc

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.

Price Target

Reiteration

Analyst Ratings

OSBC

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.

Earnings

Earnings Beats

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.

Upgrades

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.

IGIC

MRBK

OCFC

PEBO

5 Value Stocks In The Financial Services Sector

On February 05, 2024, Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) will distribute a dividend payout of $0.05 per share, equating to an annualized dividend yield of 1.33%. Shareholders who owned the stock before the ex-dividend date on January 25, 2024 will receive this payout.
<h3>Old Second Bancorp Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-25</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.33%</td>
<td>2024-01-16</td>
<td>2024-01-26</td>
<td>2024-02-05</td>
</tr>
<tr>
<td>2023-10-26</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.47%</td>
<td>2023-10-17</td>
<td>2023-10-27</td>
<td>2023-11-06</td>
</tr>
<tr>
<td>2023-07-27</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.43%</td>
<td>2023-07-18</td>
<td>2023-07-28</td>
<td>2023-08-07</td>
</tr>
<tr>
<td>2023-04-27</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.49%</td>
<td>2023-04-18</td>
<td>2023-04-28</td>
<td>2023-05-08</td>
</tr>
<tr>
<td>2023-01-26</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.21%</td>
<td>2023-01-17</td>
<td>2023-01-27</td>
<td>2023-02-06</td>
</tr>
<tr>
<td>2022-10-27</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.39%</td>
<td>2022-10-18</td>
<td>2022-10-28</td>
<td>2022-11-07</td>
</tr>
<tr>
<td>2022-07-28</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.4%</td>
<td>2022-07-19</td>
<td>2022-07-29</td>
<td>2022-08-08</td>
</tr>
<tr>
<td>2022-04-28</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.41%</td>
<td>2022-04-19</td>
<td>2022-04-29</td>
<td>2022-05-09</td>
</tr>
<tr>
<td>2022-01-27</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.41%</td>
<td>2022-01-18</td>
<td>2022-01-28</td>
<td>2022-02-07</td>
</tr>
<tr>
<td>2021-10-28</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.52%</td>
<td>2021-10-19</td>
<td>2021-10-29</td>
<td>2021-11-08</td>
</tr>
<tr>
<td>2021-07-29</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.62%</td>
<td>2021-07-21</td>
<td>2021-07-30</td>
<td>2021-08-09</td>
</tr>
<tr>
<td>2021-04-29</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.55%</td>
<td>2021-04-20</td>
<td>2021-04-30</td>
<td>2021-05-10</td>
</tr>
</tbody>
</table>
Old Second Bancorp lags behind its industry peers in terms of dividend yield, with Eagle Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NASDAQ">EGBN</a>) surpassing it with a higher annualized dividend yield of 7.37%.
<h3>Analyzing Old Second Bancorp Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707145505_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $0.04 to $0.20. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Old Second Bancorp</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707145505_1.png" alt="earning chart graph" />
From 2020 to 2023, Old Second Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $1.16 to $2.16. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
This article takes an in-depth look at Old Second Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.05 per share today, translating to an annualized dividend yield of 1.33%.
Old Second Bancorp lags behind its industry peers in terms of dividend yield, with Eagle Bancorp surpassing it with a higher annualized dividend yield of 7.37%.
Given that Old Second Bancorp has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

EGBN

Exceeding Expectations: Old Second Bancorp Achieves Strong Performance and Rewards Investors

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the financial services sector:</h2>
<ol>
<li>HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) - P/E: 9.41</li>
<li>Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) - P/E: 6.74</li>
<li>Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) - P/E: 9.91</li>
<li>Chemung Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHMG#NASDAQ">CHMG</a>) - P/E: 8.81</li>
<li>Fidus Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDUS#NASDAQ">FDUS</a>) - P/E: 8.96</li>
</ol>
Most recently, HBT Finl reported earnings per share at $0.6, whereas in Q3 earnings per share sat at $0.63. Its most recent dividend yield is at 3.74%, which has decreased by 0.04% from 3.78% in the previous 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. 
This quarter, Enova International experienced an increase in earnings per share, which was $1.5 in Q3 and is now $1.83. Most recently, Chemung Financial reported earnings per share at $0.81, whereas in Q3 earnings per share sat at $1.61. Its most recent dividend yield is at 2.75%, which has decreased by 0.26% from 3.01% in the previous quarter.
Fidus Investment saw an increase in earnings per share from 0.62 in Q2 to $0.68 now. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CHMG

ENVA

FDUS

A Look Into Financial Services Sector Value Stocks

Raymond James analyst David Long maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Outperform and lowers the price target from $18 to $17.

Raymond James Maintains Outperform on Old Second Bancorp, Lowers Price Target to $17

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.54 by 22.22 percent. This is a 20.75 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $69.96 million which missed the analyst consensus estimate of $72.97 million by 4.12 percent. This is a 4.21 percent decrease over sales of $73.04 million the same period last year.

Earnings Misses

UPDATE: Old Second Bancorp Q4 Adj $0.42 Misses $0.54 Estimate, Sales $69.96M Miss $72.97M Estimate