Old National Bancorp (NASDAQ:ONB) has been given an average rating of “Buy” by the eleven ratings firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.38.

A number of research analysts recently weighed in on the company. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Hilliard Lyons raised Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday. Zacks Investment Research downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, Boenning Scattergood set a $21.00 price objective on Old National Bancorp and gave the stock a “buy” rating in a research note on Thursday, October 26th.

Old National Bancorp (NASDAQ ONB) traded up $0.05 during mid-day trading on Wednesday, reaching $17.20. The company had a trading volume of 760,596 shares, compared to its average volume of 780,062. Old National Bancorp has a fifty-two week low of $15.38 and a fifty-two week high of $18.95. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2,330.00, a P/E ratio of 23.89 and a beta of 0.90.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). Old National Bancorp had a return on equity of 7.80% and a net margin of 14.10%. The firm had revenue of $163.40 million for the quarter, compared to analyst estimates of $170.13 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. equities analysts predict that Old National Bancorp will post 1.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, February 28th. Old National Bancorp’s dividend payout ratio (DPR) is presently 72.22%.

Several institutional investors have recently modified their holdings of ONB. Wells Fargo & Company MN raised its stake in shares of Old National Bancorp by 11.4% in the second quarter. Wells Fargo & Company MN now owns 223,737 shares of the bank’s stock worth $3,860,000 after purchasing an additional 22,984 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Old National Bancorp by 5.2% in the second quarter. Teachers Advisors LLC now owns 245,203 shares of the bank’s stock worth $4,230,000 after purchasing an additional 12,223 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Old National Bancorp by 0.7% in the second quarter. TIAA CREF Investment Management LLC now owns 374,710 shares of the bank’s stock worth $6,464,000 after purchasing an additional 2,634 shares during the last quarter. Amalgamated Bank raised its stake in shares of Old National Bancorp by 1.8% in the second quarter. Amalgamated Bank now owns 18,328 shares of the bank’s stock worth $316,000 after purchasing an additional 326 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Old National Bancorp by 2.5% in the second quarter. New York State Common Retirement Fund now owns 142,083 shares of the bank’s stock worth $2,451,000 after purchasing an additional 3,499 shares during the last quarter. 64.43% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Old National Bancorp (NASDAQ:ONB)

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