Piper Sandler Reiterates Buy Rating on OSBC
Piper Sandler maintains its buy rating on OSBC with a $26 price target, a 12.95% upside from the current price.
Key Points
- On June 26, 2026, Piper Sandler reiterated its buy rating for OSBC, setting a price target of $26.
- Piper Sandler's $26 price target implies 12.95% upside from Old Second Bancorp, Inc.'s ($OSBC) current $23.02 share price.
- OSBC shares traded at $23.02 on Friday, with recent insider sales and purchases noted.
- Institutional investors like Dimensional Fund Advisors LP and Vanguard Capital Management LLC adjusted their OSBC holdings.
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On June 26, 2026, Piper Sandler reiterated its buy rating for OSBC, setting a new price target of $26. This update comes as OSBC's shares traded at $23.02 on Friday. The analyst behind this rating, Nathan Race, continues to view the stock favorably.
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Other Institutional Activity in OSBC
Several institutional investors have also made moves in OSBC recently. BlackRock, Inc. slightly reduced its holdings by 29,662 shares, ending with a total of 4,126,244 shares valued at about $83.2 million. Dimensional Fund Advisors LP increased its position by 127,988 shares, bringing its total to 2,388,862 shares worth approximately $48.2 million. Vanguard Capital Management LLC opened a new position with 2,251,849 shares valued at $45.4 million. Meanwhile, Davis Asset Management, L.P. added 54,477 shares, totaling 1,800,000 shares valued at around $36.3 million. Goldman Sachs Group Inc saw a significant increase, adding 428,300 shares for a total of 1,691,523 shares, valued at $34.1 million.
Insider Buying and Selling at Old Second Bancorp, Inc.
Recent insider activity at OSBC includes several sales by Vice Chairman Gary Collins, who sold 5,120 shares on May 22, 2026, at an average price of $21.12, and 10,000 shares on May 21, 2026, at the same price. Additionally, EVP Donald Pilmer sold 25,000 shares on May 11, 2026, for $20.75 each. On the buying side, Billy Jr. Lyons purchased 24 shares on May 11, 2026, at $20.90.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating on OSBC, setting a price target of $26. Previously, on April 27, 2026, Piper Sandler also maintained a buy rating with a $25 target. Other firms like Stephens & Co. assumed coverage with a buy rating and a $23 target on March 27, 2026. DA Davidson maintained a hold rating with a $23 target on January 23, 2026.
Bottom Line
Piper Sandler's reiterated buy rating and $26 target for OSBC indicates continued confidence in the company's prospects. Investors watch these ratings closely for insights into potential stock performance. Institutional and insider activities also provide a glimpse into market sentiment. As always, remember that these ratings and activities reflect past decisions and may not indicate future performance.
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