Old National Bancorp (ONB) Earning Somewhat Positive News Coverage, Analysis Finds
News stories about Old National Bancorp (NASDAQ:ONB) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old National Bancorp earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1446076517795 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
ONB has been the topic of several research analyst reports. Zacks Investment Research upgraded Old National Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, June 28th. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a report on Friday, August 11th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods restated a “hold – neutral” rating on shares of Old National Bancorp in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.30.
Shares of Old National Bancorp (NASDAQ ONB) opened at 16.40 on Friday. The firm’s 50-day moving average price is $16.34 and its 200 day moving average price is $16.84. Old National Bancorp has a one year low of $13.53 and a one year high of $18.95. The stock has a market cap of $2.22 billion, a P/E ratio of 15.57 and a beta of 1.08.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The company had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $153.57 million. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities research analysts expect that Old National Bancorp will post $1.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Wednesday, August 30th. Old National Bancorp’s dividend payout ratio is presently 49.52%.
In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $16.56, for a total transaction of $91,593.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.79% of the company’s stock.
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.