In a report released today, Jeff Rulis from D.A. Davidson reiterated a Buy rating on Old Second Bancorp (OSBC – Research Report). The company’s shares closed yesterday at $13.74.
According to TipRanks, Rulis is a 4-star analyst with an average return of 7.4% and a 52.03% success rate. Rulis covers the Financial sector, focusing on stocks such as Banner, Columbia Banking System, and Glacier Bancorp.
Old Second Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $18.00, representing a 31.00% upside. In a report released today, Piper Sandler also assigned a Buy rating to the stock with a $18.00 price target.
Based on Old Second Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $69.96 million and a net profit of $18.23 million. In comparison, last year the company earned a revenue of $73.04 million and had a net profit of $23.62 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.
