Revenue Update on Old Second Bancorp(NASDAQ:OSBC)

Old Second Bancorp(NASDAQ:OSBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $22.64M. Analysts estimated a revenue of $22.53M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.13.

Old Second Bancorp (OSBC) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.40% at a volume of 75,101. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.63. The peak price level was also seen at $7.63 while the days lowest was $7.5. Finally the shares closed at $7.55. The 52-week high of the shares is $8.135 while the 52-week low is $5.93. According to the latest information available, the market cap of the company is $223 M.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, James F Tapscott (director) purchased 2,000 shares at $6.96 per share price.Also, On May 12, 2016, Keith Gottschalk (EVP) sold 1,447 shares at $7.10 per share price.On Feb 25, 2016, Edward Bonifas (director) purchased 7,441 shares at $6.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Old Second Bancorp Inc. is a bank holding company. The Company conducts a full service community banking and trust business through its wholly owned subsidiaries. The Bank’s full service banking businesses include the customary consumer and commercial products and services that banks provide including demand negotiable order of withdrawal (NOW) money market savings time deposit individual retirement and Keogh deposit accounts; 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 a variety of additional services to the needs of individual customers such as the acquisition of the United States Treasury notes and bonds the sale of traveler’s checks money orders cashiers’ checks and foreign currency direct deposit discount brokerage debit cards credit cards and other special services.

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