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Fly News Breaks for April 8, 2019
OSBC
Apr 8, 2019 | 16:13 EDT
Raymond James analyst David Long initiated Old Second Bancorp with an Outperform rating and a price target of $15, saying the bank is well positioned to produce "solid growth and better-than-peer profitability" as well as maintain an attractive deposit base. The analyst adds that the bank's accelerated generation of excess capital provides upside to his earnings estimates, since his model does not assume acquisitions or repurchases. Long believes that 4 Old Second Bancorp can outperform its peers given its discount relative valuation.
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