Old National Bancorp (NASDAQ:ONB) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.30.

A number of analysts have commented on ONB shares. Zacks Investment Research upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a report on Sunday, June 11th. BidaskClub downgraded shares of Old National Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold – neutral” rating on shares of Old National Bancorp in a report on Monday, June 12th.

In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of Old National Bancorp stock in a transaction on Monday, August 14th. The shares were sold at an average price of $16.56, for a total transaction of $91,593.36. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.79% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Old National Bancorp by 52,609.0% in the 1st quarter. BlackRock Inc. now owns 16,743,528 shares of the bank’s stock worth $290,500,000 after buying an additional 16,711,762 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Old National Bancorp by 1.7% in the 1st quarter. Swiss National Bank now owns 211,084 shares of the bank’s stock worth $3,662,000 after buying an additional 3,600 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Old National Bancorp by 23.5% in the 1st quarter. AQR Capital Management LLC now owns 246,676 shares of the bank’s stock worth $4,280,000 after buying an additional 46,872 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Old National Bancorp by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,049,783 shares of the bank’s stock worth $18,214,000 after buying an additional 30,009 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Old National Bancorp in the 1st quarter worth about $559,000. 72.90% of the stock is currently owned by institutional investors.

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Shares of Old National Bancorp (ONB) traded up 0.96% during mid-day trading on Friday, reaching $15.70. 507,883 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $16.37 and its 200 day moving average price is $16.93. Old National Bancorp has a 52-week low of $13.53 and a 52-week high of $18.95. The company has a market cap of $2.13 billion, a PE ratio of 14.91 and a beta of 1.08.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $153.60 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.31 EPS. On average, equities research analysts predict that Old National Bancorp will post $1.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, August 30th. Old National Bancorp’s dividend payout ratio is 49.52%.

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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