Old Second Bancorp Inc (NASDAQ: OSBC) has reported E.P.S. of $0.48 for its second fiscal quarter (ending June 30) versus $0.57 for the same period a year ago — a decline of -16%. However, this result exceeded the consensus estimate of $0.47 by $0.01. For the latest four quarters through June 30, E.P.S. were $1.91 versus $2.06 for the same period a year ago — a decline of -7%.
Recent Price Action
On 7/17/24, Old Second Bancorp Inc (NASDAQ: OSBC) stock rose modestly by 0.9%, closing at $16.77. Moreover, this advance was accompanied by unusually high trading volume at 188% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OSBC is expected to continue to be a Value Builder.
Old Second Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Old Second Bancorp has a good Appreciation Score of 75 but a neutral Power Rating of 40, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment