Old Second Bancorp price target lowered to $25 from $26 at Piper Sandler

Piper Sandler lowered the firm’s price target on Old Second Bancorp (OSBC) to $25 from $26 and keeps an Overweight rating on the shares. Following 1.5 weeks of Q1 earnings season, results across the firm’s Midwest coverage have been broadly constructive with 5% median EPS upside and Piper’s estimates generally moving slightly higher.