OSBC

Dividend Declaration: Old Second Bancorp (OSBC) has declared a quarterly dividend of $0.06 per share, maintaining the same amount as previous quarters, with a forward yield of 1.62%.

Payment Details: The dividend is payable on May 5 to shareholders recorded by April 25, with the ex-dividend date also set for April 25.

Investigation Announcement: Purcell & Lefkowitz LLP is investigating Old Second Bancorp, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions.

Shareholder Support: Shareholders of Old Second Bancorp can obtain information about their rights and options for free by contacting the law firm directly.

Merger Announcement: Old Second Bancorp, Inc. has entered into a definitive merger agreement with Bancorp Financial, Inc., valued at approximately $200 million, which is expected to close in the third quarter of 2025, enhancing Old Second's consumer lending capabilities and market position in the Chicago area.

Financial Implications: The merger will diversify Old Second's loan portfolio, increase reliance on consumer lending, and slightly alter its deposit mix, while management anticipates maintaining strong capital levels and improving earnings power through cost savings and effective integration strategies.

Merger Agreement: Old Second Bancorp has signed a definitive merger agreement to acquire Bancorp Financial and its subsidiary, Evergreen Bank Group, in a cash and stock deal valued at approximately $197 million, with an implied purchase price of $62.60 per share for Bancorp Financial stockholders.

Transaction Details: The merger, which was unanimously approved by both companies' Boards of Directors, will provide Bancorp Financial stockholders with 2.5814 shares of Old Second common stock and $15.93 in cash for each share, pending regulatory approvals and expected to close in the third quarter of 2025.

Dividend Declaration: Old Second Bancorp has declared a quarterly dividend of $0.06 per share, consistent with previous dividends, with a forward yield of 1.37%.

Payment Details: The dividend is payable on February 10 for shareholders of record as of January 31, with the ex-dividend date also set for January 31.

Market Overview: The US market has risen 3.9% in the past week and 33% over the last year, with projected earnings growth of 16% annually, prompting investors to seek undervalued stocks with insider buying activity.

Company Insights: Notable companies like Domo, Old Second Bancorp, and Orion Group Holdings show potential for growth despite financial challenges, with insider confidence reflected in stock purchases and strategic initiatives aimed at improving performance.

Stock Upgrade: Old Second Bancorp Inc. (OSBC) has seen its rating increase from 47% to 80% based on Motley Fool's small-cap growth investor strategy, indicating growing interest in the stock due to strong fundamentals and valuation.

Company Overview: Old Second Bancorp operates as a bank holding company providing a range of banking services including deposits, lending, wealth management, and electronic banking solutions through its subsidiary, Old Second National Bank.

Earnings Call Overview: Old Second Bancorp, Inc. held its Q3 2024 earnings conference call on October 17, 2024, featuring key executives discussing the company's performance and future outlook, while emphasizing the presence of forward-looking statements and non-GAAP financial measures.

Management Statements: CEO Jim Eccher provided an overview of the quarter's results, with a reminder for participants to refer to SEC filings for risk factors and the reconciliation of non-GAAP measures in their earnings release available on the company’s website.

Dividend Announcement: Old Second Bancorp declares a quarterly dividend of $0.06 per share, marking a 20% increase from the previous $0.05, with a forward yield of 1.49%.

Financial Performance: The bank reports a Non-GAAP EPS of $0.51, exceeding expectations by $0.04, and announces plans to acquire five branches from First Merchants.

Earnings Performance: Old Second Bancorp reported quarterly earnings of $0.51 per share, exceeding expectations but down from $0.55 a year ago, with revenues of $71.16 million also surpassing estimates despite a year-over-year decline.

Market Outlook: The stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and revisions in earnings estimates, currently holding a Zacks Rank #3 (Hold).

Stock Ratings Update: Validea's Low PE Investor model, based on John Neff's strategy, has upgraded several small-cap and mid-cap value stocks in the Money Center Banks and other industries, with ratings increasing from 60% to 79%, indicating growing interest in these firms due to their strong fundamentals and valuations.

Company Profiles: The article provides detailed descriptions of various companies such as Old Second Bancorp, Peoples Bancorp, and TotalEnergies, highlighting their services, market segments, and recent performance metrics that align with Neff's investment criteria.

LPL Financial Acquisitions: LPL Financial has signed an agreement to acquire The Investment Center, adding 240 advisors and nearly $9 billion in assets, which aligns with its strategy of expanding its advisor network and enhancing service offerings through strategic acquisitions.

Market Positioning: This acquisition is part of LPL's broader inorganic growth strategy, which has included multiple deals over recent years, aimed at diversifying revenues and strengthening its market position despite a recent decline in share performance compared to industry trends.

Old Second Bancorp Acquisition: Old Second Bancorp, Inc. has agreed to acquire five branches from First Merchants Corp in Illinois for approximately $23 million, which includes a 7.5% deposit premium. The deal is expected to enhance OSBC's presence in the Southeast Chicago market and will be finalized by the end of 2024, pending regulatory approvals.

Other Financial Services Moves: U.S. Bancorp has expanded its healthcare focus by acquiring Salucro Healthcare Solutions, while State Street Global Advisors invested in Australian fintech Raiz Invest Limited, indicating a trend of strategic acquisitions and partnerships within the financial services sector.

First Busey Acquires CrossFirst Bankshares: First Busey has announced a $916.8 million all-stock acquisition of CrossFirst Bankshares, aiming to create a combined bank with $20 billion in assets and expand into new markets, including Kansas City and Dallas/Fort Worth.

Impact on Earnings and Market Presence: The merger is expected to enhance Busey's earnings by 20% in 2026, leveraging its wealth management services and low-cost deposits to drive growth in CrossFirst's markets, despite an initial decline in share prices for both banks.

Acquisition Details: Old Second National Bank is acquiring 5 branches from First Merchants Bank in Illinois, which will add approximately $304 million in deposits and $12 million in loans to Old Second's portfolio. The transaction includes a deposit premium of 7.5% and is expected to close near the end of 2024, pending regulatory approval.

Impact on Market Position: This acquisition strengthens Old Second's presence in the Southeast Chicago market, enhancing its branch network and overall scale, while First Merchants completes its exit from suburban Chicago markets.

Acquisition Details: Old Second Bank has agreed to acquire five Illinois branches from First Merchants, along with related loans and deposits, for a total of approximately $304 million in deposits and $12 million in loans, paying a cash premium of $23 million.

Operational Transition: The branches will continue operating under the First Merchants name until the transaction closes, expected by the end of 2024, after which they will be rebranded as Old Second branches.

Stock Ratings Update: Several small-cap and large-cap value stocks, including OP Bancorp, First Northern Community Bancorp, and KB Financial Group, have seen their ratings improve significantly based on John Neff's investment strategy, indicating strong interest in these companies due to their fundamentals and valuations.

Company Descriptions: The article provides detailed descriptions of various companies across different industries, highlighting their business operations, market focus, and financial services offered, emphasizing their roles in serving small to medium-sized businesses and specific communities.

Upcoming Ex-Dividend Dates: Pfizer Inc, Old Second Bancorp., and Unum Group will trade ex-dividend on 7/26/24, with respective dividends of $0.42, $0.05, and $0.42 scheduled for payment on 9/3/24, 8/5/24, and 8/16/24.

Estimated Annual Yields: The estimated annual yields based on recent stock prices are 5.69% for Pfizer Inc, 1.18% for Old Second Bancorp., and 3.11% for Unum Group, indicating potential stability in their dividend payments.