US Regional Bank Stocks Upgraded by Analysts

German American Bancorp (NASDAQ:GABC) received several analyst upgrades. Wall Street Zen moved its rating from "sell" to "hold" and Keefe, Bruyette & Woods lifted the price target to $51. Weiss upgraded the stock to a "buy (b+)" rating, Piper Sandler kept an "overweight" stance with a $60 target, and Stephens raised its target to $49. The bank reported quarterly earnings of $1.02 per share, beating the $0.92 consensus, with revenue of $101.34 million, a return on equity of 12.3 % and a net margin of 28.25 %.

Old Second Bancorp (NASDAQ:OSBC) was upgraded to a "strong‑buy" by Zacks Research. Raymond James set a $26 price target and an "outperform" rating, DA Davidson raised its target to $25, Piper Sandler reaffirmed an "overweight" rating with a $30 target, and Weiss reiterated a "buy (b)" rating. The company posted quarterly earnings of $0.55 per share in line with expectations, revenue of $96.59 million, a return on equity of 12.85 % and a net margin of 20.22 %. Both banks are U.S. regional financial institutions that saw analyst sentiment improve following solid earnings results.