Old National Bancorp (NASDAQ:ONB)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued on Friday. They currently have a $18.00 price target on the bank’s stock. Jefferies Group LLC’s target price indicates a potential upside of 9.76% from the stock’s previous close.

ONB has been the subject of several other reports. Zacks Investment Research upgraded Old National Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, May 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $18.00 price target on shares of Old National Bancorp in a research report on Wednesday, July 26th. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold – neutral” rating on shares of Old National Bancorp in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Old National Bancorp presently has an average rating of “Hold” and an average target price of $18.30.

Old National Bancorp (NASDAQ ONB) traded up 0.31% during midday trading on Friday, hitting $16.40. The company’s stock had a trading volume of 1,911,926 shares. The company’s 50-day moving average is $16.34 and its 200 day moving average is $16.84. Old National Bancorp has a one year low of $13.53 and a one year high of $18.95. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.57 and a beta of 1.08.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. The firm had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $153.57 million. During the same period last year, the business posted $0.31 earnings per share. On average, analysts predict that Old National Bancorp will post $1.06 EPS for the current year.

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In other news, insider John R. Kamin sold 5,531 shares of Old National Bancorp stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $16.56, for a total value of $91,593.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.79% of the company’s stock.

Large investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC lifted its position in Old National Bancorp by 26.0% during the first quarter. Meadow Creek Investment Management LLC now owns 5,968 shares of the bank’s stock worth $104,000 after buying an additional 1,232 shares in the last quarter. Neuburgh Advisers LLC lifted its position in Old National Bancorp by 26.0% during the first quarter. Neuburgh Advisers LLC now owns 8,206 shares of the bank’s stock worth $142,000 after buying an additional 1,694 shares in the last quarter. Stifel Financial Corp purchased a new position in Old National Bancorp during the first quarter worth approximately $178,000. US Bancorp DE lifted its position in Old National Bancorp by 58.9% during the first quarter. US Bancorp DE now owns 10,714 shares of the bank’s stock worth $185,000 after buying an additional 3,970 shares in the last quarter. Finally, Paragon Capital Management Ltd purchased a new position in Old National Bancorp during the second quarter worth approximately $186,000. 72.90% of the stock is currently owned by hedge funds and other institutional investors.

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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