Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services. More Details
Flawless balance sheet and undervalued.
Share Price & News
How has Old Second Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OSBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: OSBC's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: OSBC underperformed the US Banks industry which returned 63.3% over the past year.
Return vs Market: OSBC exceeded the US Market which returned 33.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Old Second Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StInsider Buying: Dennis Klaeser Just Spent US$504k On Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares
1 month ago | Simply Wall StOld Second Bancorp, Inc. (NASDAQ:OSBC) Analysts Just Slashed This Year's Revenue Estimates By 13%
3 months ago | Simply Wall StIs Now The Time To Put Old Second Bancorp (NASDAQ:OSBC) On Your Watchlist?
Is Old Second Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OSBC ($12.31) is trading below our estimate of fair value ($24.59)
Significantly Below Fair Value: OSBC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OSBC is good value based on its PE Ratio (9.1x) compared to the US Banks industry average (10.8x).
PE vs Market: OSBC is good value based on its PE Ratio (9.1x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: OSBC is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: OSBC's PB Ratio (1.1x) is in line with the US Banks industry average.
How is Old Second Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OSBC's forecast earnings growth (46.1% per year) is above the savings rate (2%).
Earnings vs Market: OSBC's earnings (46.1% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OSBC's revenue (20.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: OSBC's revenue (20.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OSBC's Return on Equity is forecast to be low in 3 years time (11%).
How has Old Second Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OSBC has high quality earnings.
Growing Profit Margin: OSBC's current net profit margins (28.3%) are higher than last year (26.1%).
Past Earnings Growth Analysis
Earnings Trend: OSBC's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: OSBC's earnings growth over the past year (24.9%) exceeds its 5-year average (18.8% per year).
Earnings vs Industry: OSBC earnings growth over the past year (24.9%) underperformed the Banks industry 36%.
Return on Equity
High ROE: OSBC's Return on Equity (12.3%) is considered low.
How is Old Second Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: OSBC's Assets to Equity ratio (10.3x) is moderate.
Allowance for Bad Loans: OSBC has a sufficient allowance for bad loans (124%).
Low Risk Liabilities: 91% of OSBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: OSBC has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: OSBC's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: OSBC has an appropriate level of bad loans (1.2%).
What is Old Second Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OSBC's dividend (1.62%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: OSBC's dividend (1.62%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, OSBC has been paying a dividend for less than 10 years.
Growing Dividend: OSBC's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6%), OSBC's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OSBC's dividends in 3 years are forecast to be well covered by earnings (19.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Eccher (56 yo)
Mr. James L. Eccher, also known as Jim, has been the Chief Executive Officer and President of Old Second Bancorp Inc. since January 1, 2015 and has been its Chief Operating Officer since 2007. Mr. Eccher h...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.33M) is about average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Experienced Management: OSBC's management team is seasoned and experienced (5 years average tenure).
Experienced Board: OSBC's board of directors are considered experienced (7.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OSBC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Old Second Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Old Second Bancorp, Inc.
- Ticker: OSBC
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$353.392m
- Shares outstanding: 28.71m
- Website: https://www.oldsecond.com
Number of Employees
- Old Second Bancorp, Inc.
- 37 South River Street
- United States
Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services. It provides demand, NOW, money market, savings, time deposit, individua...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:02|
|End of Day Share Price||2021/09/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.