Old National Bancorp (NASDAQ:ONB) has earned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.50.

Several brokerages have issued reports on ONB. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods reaffirmed a “hold – neutral” rating on shares of Old National Bancorp in a research report on Monday, June 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.00 target price on shares of Old National Bancorp in a research report on Sunday, June 11th. Hilliard Lyons raised Old National Bancorp from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $17.50 in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $19.00 target price on shares of Old National Bancorp in a research report on Tuesday, April 4th.

Old National Bancorp (NASDAQ:ONB) traded down 0.90% during mid-day trading on Friday, reaching $16.60. The company had a trading volume of 1,057,912 shares. The firm has a market capitalization of $2.25 billion, a P/E ratio of 15.41 and a beta of 1.11. The firm’s 50-day moving average is $16.98 and its 200-day moving average is $17.29. Old National Bancorp has a one year low of $12.86 and a one year high of $18.95.

Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings results on Tuesday, April 25th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Old National Bancorp had a return on equity of 7.81% and a net margin of 20.00%. The firm had revenue of $148.72 million for the quarter, compared to analyst estimates of $152.43 million. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, equities research analysts anticipate that Old National Bancorp will post $1.06 earnings per share for the current fiscal year.

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In related news, COO James A. Sandgren purchased 2,200 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was acquired at an average price of $16.70 per share, for a total transaction of $36,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Kamin sold 7,332 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $17.03, for a total value of $124,863.96. The disclosure for this sale can be found here. 1.79% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. Meadow Creek Investment Management LLC increased its stake in shares of Old National Bancorp by 26.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,968 shares of the bank’s stock valued at $104,000 after buying an additional 1,232 shares during the period. North Star Investment Management Corp. increased its stake in shares of Old National Bancorp by 25.2% in the first quarter. North Star Investment Management Corp. now owns 6,077 shares of the bank’s stock valued at $105,000 after buying an additional 1,225 shares during the period. Neuburgh Advisers LLC increased its stake in shares of Old National Bancorp by 26.0% in the first quarter. Neuburgh Advisers LLC now owns 8,206 shares of the bank’s stock valued at $142,000 after buying an additional 1,694 shares during the period. Stifel Financial Corp bought a new stake in shares of Old National Bancorp during the first quarter valued at about $178,000. Finally, Tyers Asset Management LLC increased its stake in shares of Old National Bancorp by 26.0% in the first quarter. Tyers Asset Management LLC now owns 10,444 shares of the bank’s stock valued at $181,000 after buying an additional 2,156 shares during the period. Institutional investors and hedge funds own 71.95% 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.

Analyst Recommendations for Old National Bancorp (NASDAQ:ONB)

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