D.A. Davidson analyst Jeff Rulis maintained a Buy rating on Old Second Bancorp (OSBC – Research Report) today. The company’s shares closed yesterday at $14.25.
According to TipRanks, Rulis is a 5-star analyst with an average return of 12.7% and a 66.09% success rate. Rulis covers the Financial sector, focusing on stocks such as First Busey, First Financial Northwest, and Glacier Bancorp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Old Second Bancorp with a $19.50 average price target, which is a 36.84% upside from current levels. In a report released yesterday, KBW also assigned a Buy rating to the stock with a $19.00 price target.
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Based on Old Second Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $72.91 million and a net profit of $24.34 million. In comparison, last year the company earned a revenue of $67.07 million and had a net profit of $19.52 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.
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