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Investing.com - Raymond (NSE:RYMD) James has reiterated its Strong Buy rating and $21.00 price target on Old Second Bancorp (NASDAQ:OSBC), currently valued at $802 million, following the bank’s second-quarter results. According to InvestingPro data, the stock trades at an attractive P/E ratio of 9.6x, with analysts setting targets as high as $24.50.
The firm highlighted Old Second’s strong quarter, which featured an elevated net interest margin (NIM) and solid loan growth as key positive factors in its assessment.
Raymond James expressed satisfaction with the progress of the bank’s integration efforts, noting they are proceeding smoothly according to the company’s reports.
The firm also pointed out that Old Second Bancorp has repurchased shares in the third quarter, which factored into its positive outlook.
Raymond James maintained its bullish thesis on the stock, stating it believes Old Second will continue to expand its franchise and produce superior profitability metrics compared to peers.
In other recent news, Old Second Bancorp Inc reported its Q2 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.48, slightly above the projected $0.47. Revenue also exceeded forecasts, reaching $75.13 million compared to the anticipated $74.76 million. Despite these positive results, the company’s stock price experienced a decline, though broader market conditions were noted as a factor. These developments reflect a strong financial performance for Old Second Bancorp Inc in the recent quarter. Investors and analysts will likely continue to monitor the company’s financial health and future earnings reports for further insights.
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