Old National Bancorp (NASDAQ:ONB) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, November 14th.
ONB has been the subject of a number of other research reports. BidaskClub upgraded Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a research note on Friday, September 15th. Piper Jaffray Companies began coverage on Old National Bancorp in a research note on Friday, October 6th. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Boenning Scattergood began coverage on Old National Bancorp in a research note on Wednesday, October 4th. They set an “outperform” rating and a $20.50 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Old National Bancorp presently has an average rating of “Hold” and a consensus price target of $18.92.
Old National Bancorp (ONB) remained flat at $$18.25 during mid-day trading on Tuesday. The company’s stock had a trading volume of 1,120,000 shares, compared to its average volume of 674,513. The company has a market cap of $2,473.29, a P/E ratio of 15.73 and a beta of 1.03. Old National Bancorp has a 12-month low of $15.38 and a 12-month high of $18.95. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.95.
A number of large investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in Old National Bancorp in the third quarter valued at about $940,000. Sterling Capital Management LLC acquired a new position in Old National Bancorp in the third quarter valued at about $1,352,000. Afam Capital Inc. grew its stake in Old National Bancorp by 1.3% in the third quarter. Afam Capital Inc. now owns 329,365 shares of the bank’s stock valued at $6,027,000 after acquiring an additional 4,126 shares during the period. California Public Employees Retirement System grew its stake in Old National Bancorp by 3.1% in the third quarter. California Public Employees Retirement System now owns 323,395 shares of the bank’s stock valued at $5,918,000 after acquiring an additional 9,795 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Old National Bancorp in the third quarter valued at about $129,000. 73.03% of the stock is owned by hedge funds and other institutional investors.
Old National Bancorp Company Profile
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with our FREE daily email newsletter.