Old Second Bancorp

OSBC · NASDAQ

$25.10+$0.26 (+1.05%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $24.84

OSBC analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy1
Buy3
Hold1
Underperform0
Sell0

12-month price target · 8 analysts

Average $28.05 (+11.8% upside)

Low: $25.25
Now: $25.10
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

OSBC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Oct 6, 2026	Upgrade	Outperform → Strong Buy	$27.00 → $30.00	59%
Piper Sandler	Jul 27, 2026	Maintains	Overweight	$26.00 → $30.00	72%
DA Davidson	Jul 24, 2026	Maintains	Neutral	$24.00 → $25.00	50%
Piper Sandler	Jun 26, 2026	Maintains	Overweight	$25.00 → $26.00	72%
Piper Sandler	Apr 27, 2026	Maintains	Overweight	$26.00 → $25.00	72%
Stephens & Co.	Mar 27, 2026	Initiates	Overweight	$23.00	73%
DA Davidson	Jan 23, 2026	Maintains	Neutral	$22.00 → $23.00	50%
Keefe, Bruyette & Woods	Oct 24, 2025	Maintains	Outperform	$22.00 → $23.00	61%

The case for and against

Updated Dec 22, 2025

Bull case

Old Second Bancorp is poised for a stronger financial performance due to the anticipated loan growth projected to restart in the second half of 2025, expected to range between 4% and 6% on a loan quarter average. The acquisition of a national powersport lending niche through EBG, which includes two key divisions, positions the company to capture additional market share and expand its offerings within the Chicagoland area. Furthermore, potential upside in revenue is expected from enhanced growth in treasury management and card services, contributing positively to the bank’s overall revenue diversification and profitability.

Bear case

Old Second Bancorp experienced a notable decline in non-performing assets (NPAs) of 27% quarter-over-quarter in 1Q25, falling to $37.7 million, attributed mainly to the resolution and sale of two major other real estate owned (OREO) properties. Despite this improvement in asset quality, the company continues to face risks related to potential asset quality deterioration, insufficient growth in loans, deposits, and core fee income, and persistent elevated operating expenses tied to OREO costs. Furthermore, it is anticipated that overall operating expenses will decrease by 8% in 2Q25, highlighting ongoing financial pressures that contribute to a negative outlook on the stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.