Analyst Terry McEvoy from Stephens has revised the price target for Old Second Bancorp (OSBC, Financial), lowering it to $20 from the earlier $22. Despite this adjustment, McEvoy maintains an Overweight rating on the bank's stock.
In the first quarter, Old Second Bancorp showcased its ability to enhance net interest income, achieving a 20 basis point increase in its net interest margin, which now stands at 4.88%. This performance indicates the bank's successful strategies in optimizing its interest earnings.
McEvoy's post-earnings analysis reflects a positive long-term view of Old Second Bancorp’s financial health and its potential for future growth in the banking sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Old Second Bancorp Inc (OSBC, Financial) is $20.83 with a high estimate of $23.00 and a low estimate of $17.00. The average target implies an upside of 33.55% from the current price of $15.60. More detailed estimate data can be found on the Old Second Bancorp Inc (OSBC) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Old Second Bancorp Inc's (OSBC, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Old Second Bancorp Inc (OSBC, Financial) in one year is $18.46, suggesting a upside of 18.33% from the current price of $15.6. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Old Second Bancorp Inc (OSBC) Summary page.
