Old Second Bancorp price target lowered to $18 from $20 at Piper Sandler

Piper Sandler analyst Nathan Race lowered the firm’s price target on Old Second Bancorp to $18 from $20 and keeps an Overweight rating on the shares. The firm notes Old Second Bancorp reverted to a credit quality “show me story” following elevated NCOs in Q4 largely tied to three CRE credits that management has been closely monitoring for several quarters.