Old National Bancorp (NASDAQ:ONB) Downgraded to Hold at ValuEngine

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.

Old National Bancorp (NASDAQ:ONB) last released its earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $154.84 million during the quarter, compared to the consensus estimate of $152.48 million. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. During the same quarter in the previous year, the company posted $0.25 earnings per share. sell-side analysts expect that Old National Bancorp will post 1.08 EPS for the current fiscal year.

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.

WARNING: This report was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://baseballnewssource.com/markets/valuengine-downgrades-old-national-bancorp-onb-to-hold/1782559.html.

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.

Analyst Recommendations for Old National Bancorp (NASDAQ:ONB)

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.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.