Old Second BancorpOSBC
OSBC
About: 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.
Employees: 834
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
243% more call options, than puts
Call options by funds: $79K | Put options by funds: $23K
200% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 11
30% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 50
15% more funds holding
Funds holding: 151 [Q2] → 173 (+22) [Q3]
8% more capital invested
Capital invested by funds: $458M [Q2] → $494M (+$35.6M) [Q3]
1.65% more ownership
Funds ownership: 68.97% [Q2] → 70.62% (+1.65%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
9%
downside
Avg. target
$19.33
3%
upside
High target
$23
23%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Piper Sandler Nathan Race 94% 1-year accuracy 17 / 18 met price target | 23%upside $23 | Overweight Maintained | 18 Oct 2024 |
DA Davidson Manuel Navas 50% 1-year accuracy 2 / 4 met price target | 9%downside $17 | Neutral Downgraded | 25 Sept 2024 |
Raymond James David Long 86% 1-year accuracy 18 / 21 met price target | 4%downside $18 | Outperform Downgraded | 17 Sept 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
Old Second Bancorp, Inc. (OSBC) Q3 2024 Earnings Call Transcript
Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Corporate Participants Jim Eccher - Chairman, President and Chief Executive Officer Brad Adams - Chief Operating Officer and Chief Financial Officer Conference Call Participants Terry McEvoy - Stephens Chris McGratty - KBW Nathan Race - Piper Sandler David Long - Raymond James Martin Friedman - FJ Capital Jeff Rulis - D.A. Davidson Brian Martin - Janney Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp Incorporated's Third Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Old Second Bancorp (OSBC) Q3 Earnings
Although the revenue and EPS for Old Second Bancorp (OSBC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Old Second Bancorp (OSBC) Q3 Earnings and Revenues Beat Estimates
Old Second Bancorp (OSBC) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.55 per share a year ago.
Neutral
Accesswire
1 month ago
Old Second Bancorp, Inc. Reports Third Quarter 2024 Net Income of $23.0 Million, or $0.50 per Diluted Share
AURORA, IL / ACCESSWIRE / October 16, 2024 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2024. Our net income was $23.0 million, or $0.50 per diluted share, for the third quarter of 2024, compared to net income of $21.9 million, or $0.48 per diluted share, for the second quarter of 2024, and net income of $24.3 million, or $0.54 per diluted share, for the third quarter of 2023.
Neutral
Zacks Investment Research
1 month ago
Ahead of Old Second Bancorp (OSBC) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Old Second Bancorp (OSBC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate Old Second Bancorp (OSBC) to Report a Decline in Earnings: What to Look Out for
Old Second Bancorp (OSBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
3 months ago
Old Second Bancorp to Acquire First Merchants' 5 Branches in Illinois
To meaningfully expand its existing branch network, OSBC is set to buy five Illinois branches from First Merchants for $23 million in cash.
Neutral
Accesswire
3 months ago
Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations
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 CHICAGO, IL / ACCESSWIRE / August 27, 2024 / Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ:OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ:FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in the Chicagoland area, and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.
Neutral
Seeking Alpha
4 months ago
Old Second Bancorp, Inc. (OSBC) Q2 2024 Earnings Call Transcript
Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Jim Eccher - Chairman, President and CEO Brad Adams - COO and CFO Conference Call Participants Jeff Rulis - D.A. Davidson Terence McEvoy - Stephens Christopher McGratty - KBW Nathan Race - Piper Sandler David Long - Raymond James Brian Martin - Janney Montgomery Scott Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp, Inc. Second Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
4 months ago
Compared to Estimates, Old Second Bancorp (OSBC) Q2 Earnings: A Look at Key Metrics
The headline numbers for Old Second Bancorp (OSBC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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