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Old Second Bancorp

Nasdaq:OSBC
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OSBC
Nasdaq
$403M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services. The last earnings update was 47 days ago. More info.


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OSBC Share Price and Events
7 Day Returns
-0.2%
NasdaqGS:OSBC
1.2%
US Banks
-0.1%
US Market
1 Year Returns
-5.5%
NasdaqGS:OSBC
-5.2%
US Banks
7.6%
US Market
OSBC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Old Second Bancorp (OSBC) -0.2% 7.8% -3.2% -5.5% 80.6% 181.2%
US Banks 1.2% 8.6% 3.7% -5.2% 43.3% 51.7%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • OSBC underperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
OSBC
Industry
5yr Volatility vs Market

Value

 Is Old Second Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Old Second Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Old Second Bancorp.

NasdaqGS:OSBC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $9.46 * 15.4%
$1.45
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $9.46
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:OSBC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.63 (1 + (1- 21%) (78%))
1.013
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.013 * 5.96%)
8.76%

Discounted Cash Flow Calculation for NasdaqGS:OSBC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Old Second Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:OSBC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.4% – 8.76%) * $9.46)
$0.63
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.63 / (8.76% - 2.73%)
$10.37
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.46 + $10.37
$19.83
NasdaqGS:OSBC Discount to Share Price
Calculation Result
Value per share (USD) From above. $19.83
Current discount Discount to share price of $13.47
= -1 x ($13.47 - $19.83) / $19.83
32.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Old Second Bancorp is available for.
Intrinsic value
32%
Share price is $13.47 vs Future cash flow value of $19.83
Current Discount Checks
For Old Second Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Old Second Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Old Second Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Old Second Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Old Second Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:OSBC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.14
NasdaqGS:OSBC Share Price ** NasdaqGS (2019-04-23) in USD $13.47
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.86x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Old Second Bancorp.

NasdaqGS:OSBC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:OSBC Share Price ÷ EPS (both in USD)

= 13.47 ÷ 1.14

11.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Second Bancorp is good value based on earnings compared to the US Banks industry average.
  • Old Second Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Old Second Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:OSBC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
8%per year
United States of America Banks Industry PEG Ratio Median Figure of 262 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NasdaqGS:OSBC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.77x ÷ 8%

1.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Second Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Old Second Bancorp's assets?
Raw Data
NasdaqGS:OSBC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.70
NasdaqGS:OSBC Share Price * NasdaqGS (2019-04-23) in USD $13.47
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:OSBC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:OSBC Share Price ÷ Book Value per Share (both in USD)

= 13.47 ÷ 7.70

1.75x

* Primary Listing of Old Second Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Second Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Old Second Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Old Second Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Old Second Bancorp expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Old Second Bancorp expected to grow at an attractive rate?
  • Old Second Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Old Second Bancorp's earnings growth is positive but not above the United States of America market average.
  • Old Second Bancorp's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:OSBC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:OSBC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 8%
NasdaqGS:OSBC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -2.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:OSBC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:OSBC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 114 40 4
2019-12-31 108 39 5
NasdaqGS:OSBC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 120 55 34
2018-09-30 117 49 23
2018-06-30 112 30 21
2018-03-31 106 39 20
2017-12-31 103 37 15
2017-09-30 102 39 23
2017-06-30 97 54 18
2017-03-31 94 31 17
2016-12-31 91 27 16
2016-09-30 88 23 14
2016-06-30 89 22 15
2016-03-31 93 21 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Old Second Bancorp's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Old Second Bancorp's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:OSBC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Old Second Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OSBC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.32 1.33 1.31 4.00
2019-12-31 1.27 1.29 1.24 5.00
NasdaqGS:OSBC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.14
2018-09-30 0.77
2018-06-30 0.72
2018-03-31 0.68
2017-12-31 0.51
2017-09-30 0.77
2017-06-30 0.61
2017-03-31 0.57
2016-12-31 0.53
2016-09-30 0.49
2016-06-30 0.49
2016-03-31 0.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Old Second Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Old Second Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Old Second Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Old Second Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Old Second Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Old Second Bancorp's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Old Second Bancorp's 1-year earnings growth exceeds its 5-year average (124.7% vs -23.6%)
  • Old Second Bancorp's earnings growth has exceeded the US Banks industry average in the past year (124.7% vs 43.5%).
Earnings and Revenue History
Old Second Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Old Second Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OSBC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 120.04 34.01 58.36
2018-09-30 116.52 22.88 56.37
2018-06-30 111.79 21.32 54.37
2018-03-31 105.97 20.20 53.61
2017-12-31 103.45 15.14 53.60
2017-09-30 101.82 22.67 54.45
2017-06-30 96.93 18.09 53.74
2017-03-31 94.35 16.79 51.54
2016-12-31 91.27 15.68 50.19
2016-09-30 88.12 14.50 48.80
2016-06-30 88.73 14.59 47.78
2016-03-31 92.51 14.16 48.05
2015-12-31 91.75 13.51 49.47
2015-09-30 94.16 11.59 48.37
2015-06-30 94.60 9.87 48.80
2015-03-31 90.31 13.90 48.97
2014-12-31 89.58 11.86 49.27
2014-09-30 86.08 8.82 50.09
2014-06-30 86.59 78.56 51.15
2014-03-31 89.11 73.28 51.41
2013-12-31 94.61 76.83 51.59
2013-09-30 94.49 78.21 51.31
2013-06-30 95.97 5.47 51.56
2013-03-31 97.21 3.31 51.82
2012-12-31 90.28 -5.06 52.31
2012-09-30 93.15 -9.52 53.05
2012-06-30 89.59 -10.96 52.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Old Second Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Old Second Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Old Second Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Old Second Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Old Second Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Old Second Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Old Second Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Old Second Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:OSBC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 229.08 314.11 45.27
2018-09-30 218.13 248.87 54.41
2018-06-30 209.81 256.44 66.32
2018-03-31 204.00 188.12 47.88
2017-12-31 200.35 248.64 45.80
2017-09-30 200.76 253.51 47.92
2017-06-30 191.13 214.83 51.80
2017-03-31 182.32 222.84 61.64
2016-12-31 175.21 198.97 37.79
2016-09-30 171.63 155.38 191.03
2016-06-30 167.62 201.53 41.33
2016-03-31 156.75 160.15 37.28
2015-12-31 155.93 152.86 29.94
2015-09-30 153.64 166.93 54.16
2015-06-30 185.24 156.32 38.80
2015-03-31 181.84 160.46 74.52
2014-12-31 194.16 169.94 28.37
2014-09-30 192.69 173.36 44.37
2014-06-30 192.62 142.12 93.44
2014-03-31 149.49 147.22 54.93
2013-12-31 147.69 131.67 39.70
2013-09-30 142.04 180.18 80.71
2013-06-30 71.10 135.16 69.21
2013-03-31 75.85 125.88 82.77
2012-12-31 72.55 223.11 121.98
2012-09-30 70.74 107.92 75.03
2012-06-30 70.15 120.30 133.48
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Old Second Bancorp has an acceptable proportion of non-loan assets held.
  • Old Second Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Old Second Bancorp are broadly funded by customer deposits.
  • Old Second Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Old Second Bancorp has a sufficient allowance for bad loans.
  • Old Second Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Old Second Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Old Second Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Old Second Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.3%
Current annual income from Old Second Bancorp dividends. Estimated to be 0.59% next year.
If you bought $2,000 of Old Second Bancorp shares you are expected to receive $6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Old Second Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Old Second Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase Old Second Bancorp before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:OSBC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:OSBC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.10 4.00
2019-12-31 0.07 4.00
NasdaqGS:OSBC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.040 0.301
2019-01-15 0.040 0.291
2018-10-16 0.040 0.289
2018-07-17 0.040 0.262
2018-04-18 0.040 0.271
2018-01-17 0.040 0.283
2017-07-18 0.040 0.316
2017-04-18 0.040 0.341
2017-01-17 0.040 0.368
2016-07-20 0.040 0.470
2016-05-06 0.040 0.570
2016-04-20 0.040 0.557
2012-05-10 0.000 0.000
2012-04-25 0.000 0.000
2012-03-15 0.000 0.000
2012-01-25 0.000 0.000
2011-11-09 0.000 0.000
2011-10-26 0.000 0.000
2011-08-09 0.000 0.000
2011-07-27 0.000 0.000
2011-05-10 0.000 0.000
2011-04-27 0.000 0.000
2011-03-16 0.000 0.000
2011-02-02 0.000 0.000
2010-11-09 0.000 0.000
2010-10-27 0.000 0.000
2010-06-16 0.040 2.834
2010-03-17 0.040 0.774
2010-03-16 0.040 0.596
2010-01-27 0.040 0.605
2009-11-09 0.040 0.637
2009-10-23 0.040 0.690
2009-08-10 0.160 2.753
2009-07-24 0.160 3.169
2009-05-11 0.160 2.625
2009-04-24 0.160 2.813

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Second Bancorp is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Old Second Bancorp is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Old Second Bancorp's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Old Second Bancorp's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Old Second Bancorp's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Old Second Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Old Second Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Old Second Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Old Second Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Eccher
COMPENSATION $1,728,919
AGE 53
TENURE AS CEO 4.3 years
CEO Bio

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 has been the Chief Executive Officer and President of Old Second National Bank since 2003. He was the Chief Operating Officer and an Executive Vice President of Old Second Bank since 2003. Mr. Eccher served as an Executive Vice President of Old Second BanCorp. Inc. since 2007 until 2015. He served as Senior Vice President and Branch Director of Old Second National Bank from 1999 to 2003 and President and Chief Executive Officer of Bank of Sugar Grove from 1995 to 1999. He has been a Director of Old Second BanCorp Inc. since 2006. Mr. Eccher has been a Director of Old Second National Bank since 2006. He serves as a Member of Board of Governors at Rush-Copley Medical Center, Inc.

CEO Compensation
  • Jim's compensation has increased by more than 20% in the past year.
  • Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Old Second Bancorp management team in years:

3
Average Tenure
53
Average Age
  • The tenure for the Old Second Bancorp management team is about average.
Management Team

Jim Eccher

TITLE
CEO, President
COMPENSATION
$2M
AGE
53
TENURE
4.3 yrs

Brad Adams

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
44
TENURE
1.9 yrs

Don Pilmer

TITLE
Executive VP of Commercial Lending & Chief Lending Officer
COMPENSATION
$479K
AGE
53

Keith Gottschalk

TITLE
Executive Vice President
COMPENSATION
$408K
AGE
56
TENURE
7.3 yrs

Andrew Crouch

TITLE
Senior VP & Senior Trust Administrative Officer
TENURE
0.3 yrs

Shirley Cantrell

TITLE
Shareholder Relations Manager

Bob DiCosola

TITLE
Executive Vice President of Human Resources

Jacqueline Runnberg

TITLE
Senior VP & Wealth Advisor
TENURE
0.1 yrs

Rich Gartelmann

TITLE
Head of Wealth Management of Old Second National Bank and Senior VP of Old Second National Bank

Michael Kozak

TITLE
Executive VP & Chief Credit Officer
AGE
66
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the Old Second Bancorp board of directors in years:

8.8
Average Tenure
62
Average Age
  • The tenure for the Old Second Bancorp board of directors is about average.
Board of Directors

Bill Skoglund

TITLE
Chairman of the Board
COMPENSATION
$147K
AGE
67
TENURE
15.3 yrs

Jim Eccher

TITLE
CEO, President
COMPENSATION
$2M
AGE
53
TENURE
13 yrs

Gary Collins

TITLE
Vice Chairman of the Board
COMPENSATION
$999K
AGE
59
TENURE
2.5 yrs

William Kane

TITLE
Director
COMPENSATION
$125K
AGE
67
TENURE
20.3 yrs

Edward Bonifas

TITLE
Director
COMPENSATION
$121K
AGE
58
TENURE
19.3 yrs

Barry Finn

TITLE
Lead Director
COMPENSATION
$133K
AGE
58
TENURE
4.3 yrs

John Ladowicz

TITLE
Director
COMPENSATION
$131K
AGE
65
TENURE
11.2 yrs

Duane Suits

TITLE
Director
COMPENSATION
$131K
AGE
68
TENURE
6.4 yrs

James Tapscott

TITLE
Director
COMPENSATION
$125K
AGE
66
TENURE
3.5 yrs

Patti Rocks

TITLE
Director
COMPENSATION
$119K
AGE
59
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • Old Second Bancorp insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Mar 19 Sell William Skoglund Individual 21. Mar 19 21. Mar 19 -1,600 $13.37 $-21,224
13. Feb 19 Sell Keith Gottschalk Individual 13. Feb 19 13. Feb 19 -3,000 $14.10 $-42,300
02. Jan 19 Sell Keith Gottschalk Individual 11. May 18 11. May 18 -500 $14.65 $-7,325
18. Dec 18 Buy James Tapscott Individual 18. Dec 18 18. Dec 18 1,000 $12.89 $12,890
13. Dec 18 Sell John Ladowicz Individual 12. Dec 18 12. Dec 18 -6,750 $13.50 $-90,937
13. Dec 18 Buy Gary Collins Individual 12. Dec 18 12. Dec 18 500 $13.50 $6,751
11. Dec 18 Sell John Ladowicz Individual 10. Dec 18 11. Dec 18 -3,000 $13.40 $-40,000
06. Dec 18 Buy James Eccher Individual 06. Dec 18 06. Dec 18 1,000 $13.48 $13,480
13. Sep 18 Buy James Tapscott Individual 12. Sep 18 13. Sep 18 1,000 $15.35 $15,323
01. Aug 18 Buy Gary Collins Individual 31. Jul 18 31. Jul 18 1,500 $15.30 $22,863
30. Jul 18 Sell Keith Gottschalk Individual 30. Jul 18 30. Jul 18 -1,500 $15.46 $-23,180
18. May 18 Sell Keith Gottschalk Individual 16. May 18 17. May 18 -1,500 $14.95 $-22,350
11. May 18 Sell Keith Gottschalk Individual 10. May 18 10. May 18 -400 $14.55 $-5,820
10. May 18 Sell Keith Gottschalk Individual 09. May 18 09. May 18 -100 $14.55 $-1,455
09. May 18 Sell Keith Gottschalk Individual 09. May 18 09. May 18 -500 $14.40 $-7,200
03. May 18 Sell Keith Gottschalk Individual 02. May 18 02. May 18 -500 $14.30 $-7,150
X
Management checks
We assess Old Second Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Old Second Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does The Old Second Bancorp, Inc. (NASDAQ:OSBC) Share Price Tend To Follow The Market?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is There Now An Opportunity In Old Second Bancorp, Inc. (NASDAQ:OSBC)?

received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to $14.75 at one point, and dropping to the lows of $12.28. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Old Second Bancorp's current trading price of $12.58 reflective of the actual value of the?

Simply Wall St -

Can We See Significant Institutional Ownership On The Old Second Bancorp, Inc. (NASDAQ:OSBC) Share Register?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Old Second Bancorp is not a large company by global standards. … institutions are noticeable on the share registry.

Simply Wall St -

The Old Second Bancorp Share Price Has Gained 191%, So Why Not Pay It Some Attention?

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Old Second Bancorp's earnings per share are down 27% per year, despite strong share price performance over five years. … Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

Simply Wall St -

Does Old Second Bancorp, Inc.'s (NASDAQ:OSBC) P/E Ratio Signal A Buying Opportunity?

We'll look at Old Second Bancorp, Inc.'s (NASDAQ:OSBC) P/E ratio and reflect on what it tells us about the company's share price. … Old Second Bancorp has a P/E ratio of 12.45, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Old Second Bancorp, Inc. (NASDAQ:OSBC) Insiders Have Been Selling

So we'll take a look at whether insiders have been buying or selling shares in Old Second Bancorp, Inc. … Old Second Bancorp Insider Transactions Over The Last Year. … That means that even when the share price was below the current price of US$14.12, an insider wanted to cash in some shares.

Simply Wall St -

Why Old Second Bancorp, Inc.’s (NASDAQ:OSBC) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of US$399m, Old Second Bancorp, Inc.’s (NASDAQ:OSBC) profit and value are directly affected by economic growth. … Looking through a risk-lens is a useful way to assess the attractiveness of Old Second Bancorp's a stock investment. … See our latest analysis for Old Second Bancorp?

Simply Wall St -

Understated Factors To Consider Before Investing In Old Second Bancorp Inc (NASDAQ:OSBC)

As a small-cap bank stock with a market capitalisation of US$437m, Old Second Bancorp Inc’s (NASDAQ:OSBC) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

Is Old Second Bancorp Inc's (NASDAQ:OSBC) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Old Second Bancorp Inc's (NASDAQ:OSBC) P/E ratio and reflect on what it tells us about the company's share price. … Old Second Bancorp has a price to earnings ratio of 18.87, based on the last twelve months.

Simply Wall St -

Does Market Volatility Impact Old Second Bancorp Inc's (NASDAQ:OSBC) Share Price?

If you're interested in Old Second Bancorp Inc (NASDAQ:OSBC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Company Info

Description

Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans and second mortgage loans; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking. In addition, the company provides safe deposit services; trust services; wealth management services; and money orders, cashier’s checks, foreign currency, direct deposits, discount brokerage, debit and credit cards, and other services, as well as acquires the U.S. treasury notes and bonds. Further, it offers online and mobile banking; corporate cash management products, including remote and mobile deposits capture, investment sweep accounts, zero balance accounts, automated tax payments, automatic teller machines access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, wire transfers, and vault services for currency and coin; and investment, agency, and custodial services for individual, corporate, and not-for-profit clients. The company provides its financial services through its 29 banking locations located in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties in Illinois. Old Second Bancorp, Inc. was founded in 1982 and is headquartered in Aurora, Illinois.

Details
Name: Old Second Bancorp, Inc.
OSBC
Exchange: NasdaqGS
Founded: 1982
$402,685,946
29,895,022
Website: http://www.oldsecond.com
Address: Old Second Bancorp, Inc.
37 South River Street,
Aurora,
Illinois, 60507,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS OSBC Common Stock Nasdaq Global Select US USD 30. Nov 1990
Number of employees
Current staff
Staff numbers
518
Old Second Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:41
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.