Piper Sandler analyst Nathan Race reiterated a Buy rating on Old Second Bancorp (OSBC – Research Report) today and set a price target of $19.00. The company’s shares closed yesterday at $13.84.
According to TipRanks, Race is a 4-star analyst with an average return of 5.0% and a 43.36% success rate. Race covers the Financial sector, focusing on stocks such as Midland States Bancrop, 1St Source, and BancFirst.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Old Second Bancorp with a $18.67 average price target.
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Based on Old Second Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $71.8 million and a net profit of $25.56 million. In comparison, last year the company earned a revenue of $54.48 million and had a net profit of $12.25 million
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Old Second Bancorp (OSBC) Company Description:
Old Second Bancorp, Inc. is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.
