Old Second Bancorp price target raised to $23 from $22 at DA Davidson
DA Davidson raised the firm’s price target on Old Second Bancorp (OSBC) to $23 from $22 and keeps a Neutral rating on the shares after its Q4 earnings beat. The benefits, and drawbacks, of the Evergreen acquisition were very evident in Q4 with a nose bleed 5.00% net interest margin, coupled with higher than historical net charge-offs, the analyst tells investors in a research note. Growth looks to inflect higher in 2026 with sound cost control, but an elevated non-performing asset balance vs. peers bears watching, the firm added.
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