Raymond James has adjusted its price target for Old Second Bancorp (OSBC, Financial) from $22 to $21, maintaining a Strong Buy recommendation for the stock. Despite this revision, the financial services firm views the bank's recent performance as positive due to a significant expansion in net interest margin.
The quarter revealed that Old Second Bancorp has made strides in addressing credit issues, although elevated losses were noted. Nonetheless, the bank is actively working towards mitigating risk. Raymond James analysts remain optimistic about Old Second's potential to grow its franchise and achieve impressive profitability metrics. The bank's ongoing efforts to clean up its balance sheet are seen as a significant step forward in ensuring long-term stability and growth.
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.
