Piper Sandler Reiterates Buy Rating on Old Second Bancorp
Piper Sandler maintains its buy rating for Old Second Bancorp, Inc. (OSBC) with a $26 target, a 12.02% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on Old Second Bancorp, Inc. (OSBC) with a $26 price target on June 26, 2026.
- Piper Sandler's $26 price target implies 12.02% upside from Old Second Bancorp, Inc.'s ($OSBC) current $23.21 share price.
- Shares of OSBC traded near $23.02 on Saturday with a market cap of approximately $1.20 billion.
- Analysts have set a mean price target of $23.6, with Piper Sandler among firms recommending a buy.
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Piper Sandler has reiterated its buy rating for Old Second Bancorp, Inc. (NasdaqGS: OSBC), setting a price target of $26. This reaffirmation came on June 26, 2026, as analyst Nathan Race maintained his positive outlook on the regional bank.
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Old Second Bancorp, Inc. Stock Down 8.0%
Shares of Old Second Bancorp traded near $23.02 on Saturday. The company, which operates as a bank holding company for Old Second National Bank, has a market cap of about $1.20 billion. It boasts a P/E ratio of 14.0 and a forward P/E of approximately 10.14, reflecting its valuation based on expected earnings. The stock has experienced a 52-week range between $16.43 and $23.55, with recent averages showing a 50-day moving average of $21.35 and a 200-day moving average of $19.84.
$OSBC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent financial results, Old Second Bancorp reported revenue of $324.9 million, marking a growth of 19.2%. The company's net margin stood at 26.5%, and it achieved a return on equity of 10.8%. The next earnings announcement is expected on July 22, 2026.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating for Old Second Bancorp with a price target of $26. Previously, on April 27, 2026, the firm had set a target of $25. Other analysts like Stephens & Co. have also recommended a buy, setting a target of $23. The consensus among analysts is a buy rating, with a mean price target of $23.6 based on five opinions.
About Old Second Bancorp
Old Second Bancorp, Inc. is a financial services company headquartered in Aurora, Illinois. As a bank holding company for Old Second National Bank, it provides a range of community banking services. These include deposit products, various lending options, and investment services for individuals and businesses. Led by CEO James L. Eccher, the company employs over 1,000 people and has been operational since 1871.
Bottom Line
Piper Sandler's reaffirmation of a buy rating with a $26 price target highlights continued confidence in Old Second Bancorp's prospects. Investors often track such analyst updates for insights into market sentiment. However, it's important to remember that these ratings reflect past analyses and may not represent the current position or future performance.
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