Old Second Bancorp price target lowered to $20 from $22 at Stephens

Stephens analyst Terry McEvoy lowered the firm’s price target on Old Second Bancorp (OSBC) to $20 from $22 and keeps an Overweight rating on the shares. Old Second “proved to the market they could grow net interest income” in Q1, with the net interest margin expanding 20 basis points quarter-over-quarter to 4.88%, the analyst tells investors in a post-earnings note.