Old Second Bancorp stock heads into Q3 results after target raise

Published on 10/07/2026 at 06:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Old Second Bancorp reported USD 28.2 million in Q2 net income on July 22, 2026, up from USD 25.6 million in Q1. Q3 results are due October 21.

OSBC, US6802771005, Illustration mit AI erstellt.

Old Second Bancorp stock (ISIN US6802771005) was last at USD 25.05 on Nasdaq on October 6, 2026, up 0.72 percent from the prior close. The immediate catalyst is a Raymond James upgrade, while the bank is also approaching its next quarterly report.

Raymond James raises its target

According to MarketBeat on October 6, 2026, Raymond James upgraded Old Second from Outperform to Strong Buy and raised its price target from USD 27.00 to USD 30.00. The new target lies 19.76 percent above the October 6 price of USD 25.05, giving the rating change a measurable valuation angle.

The broader analyst view is less aggressive than the Raymond James call. MarketBeat reports a Moderate Buy consensus from seven analysts, with one Strong Buy, four Buy and two Hold ratings; the average target is USD 26.20, which lies 4.59 percent above the October 6 price.

Q2 earnings set a higher base

FinancialContent reports that Old Second posted USD 28.2 million in GAAP net income and diluted EPS of USD 0.54 for Q2 2026 on July 22, 2026. Q1 2026 net income was USD 25.6 million and diluted EPS was USD 0.48, so both figures improved sequentially.

Adjusted results also increased: adjusted net income reached USD 28.7 million in Q2 from USD 26.0 million in Q1, while adjusted diluted EPS rose to USD 0.55 from USD 0.49. The finance data series shows Q2 net interest income of USD 83.329 million, up from USD 81.144 million in Q1, while the net profit margin moved from 27 percent to 29 percent.

Q3 date gives the next checkpoint

StockTitan reports that Old Second will release Q3 2026 results after the market closes on October 21, 2026, followed by an earnings call on October 22 at 10:00 a.m. ET. That report will test whether the sequential improvement in net income, adjusted EPS and net interest income continued into the second half of the year.

Stock remains near its yearly high

Old Second Bancorp stock was last at USD 25.05 on Nasdaq on October 6, 2026, with a session high of USD 25.33 and a session low of USD 24.95. Its 52-week range was USD 16.65 to USD 26.06, placing the last price 3.87 percent below the high, while market capitalization stood at USD 1.3 billion and volume reached 922,394 shares.