Shares of Old National Bancorp (NASDAQ:ONB) have earned an average rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.67.

Several research firms recently issued reports on ONB. Boenning Scattergood began coverage on shares of Old National Bancorp in a research report on Wednesday. They issued an “outperform” rating and a $20.50 price target for the company. BidaskClub raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Raymond James Financial, Inc. raised shares of Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research report on Tuesday, September 19th. UBS AG raised shares of Old National Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $18.00 price target on shares of Old National Bancorp in a research report on Friday, September 15th.

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.

A number of institutional investors and hedge funds have recently bought and sold shares of ONB. Wells Fargo & Company MN boosted its holdings in Old National Bancorp by 2.4% during the 1st quarter. Wells Fargo & Company MN now owns 200,753 shares of the bank’s stock worth $3,482,000 after acquiring an additional 4,640 shares during the last quarter. US Bancorp DE boosted its holdings in Old National Bancorp by 58.9% during the 1st quarter. US Bancorp DE now owns 10,714 shares of the bank’s stock worth $185,000 after acquiring an additional 3,970 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Old National Bancorp by 8.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 27,337 shares of the bank’s stock worth $474,000 after acquiring an additional 2,069 shares during the last quarter. Swiss National Bank boosted its holdings in Old National Bancorp by 1.7% during the 1st quarter. Swiss National Bank now owns 211,084 shares of the bank’s stock worth $3,662,000 after acquiring an additional 3,600 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Old National Bancorp by 7.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 82,411 shares of the bank’s stock worth $1,430,000 after acquiring an additional 5,861 shares during the last quarter. 72.62% of the stock is currently owned by hedge funds and other institutional investors.

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Old National Bancorp (ONB) traded down 0.82% on Wednesday, hitting $18.25. 830,547 shares of the stock traded hands. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 17.33 and a beta of 1.10. Old National Bancorp has a 1-year low of $13.69 and a 1-year high of $18.95. The stock has a 50-day moving average price of $16.81 and a 200 day moving average price of $16.79.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was 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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