Fintel reports that on July 21, 2023, Piper Sandler maintained coverage of Old Second Bancorporation (NASDAQ:OSBC) with a Overweight recommendation.
Analyst Price Forecast Suggests 15.86% Upside
As of July 6, 2023, the average one-year price target for Old Second Bancorporation is 17.68. The forecasts range from a low of 16.16 to a high of $18.90. The average price target represents an increase of 15.86% from its latest reported closing price of 15.26.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Old Second Bancorporation is 290MM, an increase of 6.77%. The projected annual non-GAAP EPS is 2.04.
What is the Fund Sentiment?
There are 355 funds or institutions reporting positions in Old Second Bancorporation. This is an increase of 36 owner(s) or 11.29% in the last quarter. Average portfolio weight of all funds dedicated to OSBC is 0.14%, an increase of 36.36%. Total shares owned by institutions increased in the last three months by 3.69% to 34,092K shares. 
The put/call ratio of OSBC is 0.03, indicating a bullish outlook.
What are Other Shareholders Doing?
Forum Financial Management holds 2,951K shares representing 6.61% ownership of the company. In it's prior filing, the firm reported owning 2,976K shares, representing a decrease of 0.85%. The firm decreased its portfolio allocation in OSBC by 50.68% over the last quarter.
FJ Capital Management holds 2,540K shares representing 5.69% ownership of the company. In it's prior filing, the firm reported owning 2,321K shares, representing an increase of 8.61%. The firm increased its portfolio allocation in OSBC by 100,188.50% over the last quarter.
Banc Funds Co holds 2,051K shares representing 4.59% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,368K shares representing 3.06% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 1,047K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 1,062K shares, representing a decrease of 1.41%. The firm decreased its portfolio allocation in OSBC by 20.12% over the last quarter.
Old Second Bancorporation Background Information
(This description is provided by the company.)
Old Second Bancorp, Inc. is a bank holding company headquartered in Aurora, Illinois, with over $2.9 billion in consolidated assets at June 30, 2020. Old Second operates through its subsidiary bank, Old Second National Bank, with 29 banking centers across seven counties in northern Illinois.
Additional reading:
- Old Second Bancorp, Inc. Reports Second Quarter 2023 Net Income of $25.6 Million, or $0.56 per Diluted Share
- Old Second Bancorp, Inc. Annual Stockholders Meeting
- Old Second Bancorp, Inc. Investor Presentation
- Old Second Bancorp, Inc. Reports First Quarter 2023 Net Income of $23.6 Million, or $0.52 per Diluted Share
- A list of all subsidiaries of the Company.
This story originally appeared on Fintel.
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