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OSBC

Old Second BancorpNasdaqGS:OSBC Stock Report

Last Price

US$13.56

Market Cap

US$609.0m

7D

-0.5%

1Y

36.6%

Updated

26 Jan, 2022

Data

Company Financials +
OSBC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance4/6
Financial Health5/6
Dividends3/6

OSBC Stock Overview

Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services.

Old Second Bancorp Competitors

Byline Bancorp

NYSE:BY

US$1.1b

Midland States Bancorp

NasdaqGS:MSBI

US$596.0m

HBT Financial

NasdaqGS:HBT

US$537.5m

West Suburban Bancorp

OTCPK:WNRP

US$309.2m

Price History & Performance

Summary of all time highs, changes and price drops for Old Second Bancorp
Historical stock prices
Current Share PriceUS$13.56
52 Week HighUS$14.45
52 Week LowUS$9.75
Beta1.27
1 Month Change6.10%
3 Month Change1.19%
1 Year Change36.56%
3 Year Change-4.10%
5 Year Change24.40%
Change since IPO234.81%

Recent News & Updates

Shareholder Returns

OSBCUS BanksUS Market
7D-0.5%-4.5%-5.1%
1Y36.6%28.6%3.3%

Return vs Industry: OSBC exceeded the US Banks industry which returned 26.6% over the past year.

Return vs Market: OSBC exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is OSBC's price volatile compared to industry and market?
OSBC volatility
OSBC Average Weekly Movement3.7%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: OSBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OSBC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981533Jim Eccherhttps://www.oldsecond.com

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, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.

Old Second Bancorp Fundamentals Summary

How do Old Second Bancorp's earnings and revenue compare to its market cap?
OSBC fundamental statistics
Market CapUS$609.04m
Earnings (TTM)US$37.16m
Revenue (TTM)US$137.34m

16.5x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OSBC income statement (TTM)
RevenueUS$137.34m
Cost of RevenueUS$0
Gross ProfitUS$137.34m
ExpensesUS$100.18m
EarningsUS$37.16m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 26, 2022

Earnings per share (EPS)0.82
Gross Margin100.00%
Net Profit Margin27.06%
Debt/Equity Ratio62.4%

How did OSBC perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

9%

Payout Ratio

Does OSBC pay a reliable dividends?

See OSBC dividend history and benchmarks
When do you need to buy OSBC by to receive an upcoming dividend?
Old Second Bancorp dividend dates
Ex Dividend DateJan 27 2022
Dividend Pay DateFeb 07 2022
Days until Ex dividend0 days
Days until Dividend pay date11 days

Does OSBC pay a reliable dividends?

See OSBC dividend history and benchmarks

Valuation

Is Old Second Bancorp undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OSBC ($13.51) is trading below our estimate of fair value ($31.06)

Significantly Below Fair Value: OSBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OSBC is poor value based on its PE Ratio (16.4x) compared to the US Banks industry average (11x).

PE vs Market: OSBC is good value based on its PE Ratio (16.4x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: OSBC is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: OSBC is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.2x).


Future Growth

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

48.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OSBC's forecast earnings growth (48.5% per year) is above the savings rate (2%).

Earnings vs Market: OSBC's earnings (48.5% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OSBC's revenue (26.8% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: OSBC's revenue (26.8% 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 (12.5%).


Past Performance

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

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OSBC has high quality earnings.

Growing Profit Margin: OSBC's current net profit margins (27.1%) are higher than last year (24.9%).


Past Earnings Growth Analysis

Earnings Trend: OSBC's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: OSBC's earnings growth over the past year (26.8%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: OSBC earnings growth over the past year (26.8%) underperformed the Banks industry 43.4%.


Return on Equity

High ROE: OSBC's Return on Equity (11.6%) is considered low.


Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: OSBC's Assets to Equity ratio (10.2x) is moderate.

Allowance for Bad Loans: OSBC has a low allowance for bad loans (93%).

Low Risk Liabilities: 92% 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 (56%).

Low Risk Deposits: OSBC's Loans to Deposits ratio (68%) is appropriate.

Level of Bad Loans: OSBC has an appropriate level of bad loans (1.5%).


Dividend

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

1.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OSBC's dividend (1.48%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: OSBC's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.4%), 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 (23.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Jim Eccher (56 yo)

15yrs

Tenure

US$1,330,313

Compensation

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 ($USD1.33M) is below average for companies of similar size in the US market ($USD2.39M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OSBC's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: OSBC's board of directors are seasoned and experienced ( 11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OSBC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 53.6%.


Top Shareholders

Company Information

Old Second Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Old Second Bancorp, Inc.
  • Ticker: OSBC
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$609.044m
  • Shares outstanding: 45.08m
  • Website: https://www.oldsecond.com

Number of Employees


Location

  • Old Second Bancorp, Inc.
  • 37 South River Street
  • Aurora
  • Illinois
  • 60506-4173
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 23:20
End of Day Share Price2022/01/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.