FIG Partners Downgrades Old National Bancorp to Market Perform (ONB)
Old National Bancorp (NYSE:ONB) was downgraded by investment analysts at FIG Partners to a “market perform” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports.
Old National Bancorp (NYSE:ONB) opened at 14.815 on Tuesday. Old National Bancorp has a 1-year low of $10.87 and a 1-year high of $15.12. The stock’s 50-day moving average is $13.86 and its 200-day moving average is $13.60. The company has a market cap of $1.495 billion and a price-to-earnings ratio of 15.55.
Old National Bancorp (NYSE:ONB) last released its earnings data on Monday, October 28th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts expect that Old National Bancorp will post $1.02 EPS for the current fiscal year.
ONB has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Old National Bancorp from a “strong-buy” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at DA Davidson initiated coverage on shares of Old National Bancorp in a research note to investors on Wednesday, September 25th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Old National Bancorp from $15.00 to $15.50 in a research note to investors on Wednesday, September 11th. Ten analysts have rated the stock with a hold rating, Old National Bancorp currently has an average rating of “Hold” and a consensus price target of $14.53.
Old National Bancorp (NYSE:ONB), is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.