Old National Bancorp (ONB) Earning Somewhat Positive News Coverage, Analysis Finds
Press coverage about Old National Bancorp (NASDAQ:ONB) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old National Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.8515547065982 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Old National Bancorp – Value Analysis (NASDAQ:ONB) : August 4, 2017 (finance.yahoo.com)
- John Moran joins Old National Bank as Director of Corporate Development & Strategy (finance.yahoo.com)
- Zacks: Analysts Anticipate Old National Bancorp (NASDAQ:ONB) Will Announce Quarterly Sales of $155.43 Million (americanbankingnews.com)
- Old National Bancorp (NASDAQ:ONB) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
A number of equities research analysts have issued reports on ONB shares. Zacks Investment Research raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, April 12th. BidaskClub raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a research report on Monday, May 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold – neutral” rating on shares of Old National Bancorp in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.30.
Old National Bancorp (NASDAQ:ONB) traded up 2.16% on Friday, hitting $16.55. 718,755 shares of the stock were exchanged. The company has a 50-day moving average of $16.97 and a 200-day moving average of $17.20. Old National Bancorp has a 12 month low of $13.38 and a 12 month high of $18.95. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 15.72 and a beta of 1.10.
Old National Bancorp (NASDAQ:ONB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $153.57 million. Old National Bancorp had a net margin of 21.02% and a return on equity of 8.25%. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities analysts predict that Old National Bancorp will post $1.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.13 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.52 annualized dividend and a yield of 3.14%. Old National Bancorp’s dividend payout ratio (DPR) is presently 49.52%.
In other Old National Bancorp news, insider John R. Kamin sold 7,332 shares of Old National Bancorp stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $17.03, for a total value of $124,863.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.79% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/06/old-national-bancorp-onb-earning-somewhat-positive-news-coverage-analysis-finds.html.
About Old National Bancorp
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.
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 MarketBeat.com's FREE daily email newsletter.