Old National Bancorp (NASDAQ:ONB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the company. Raymond James Financial upgraded Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Tuesday, September 19th. UBS upgraded Old National Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 19th. Zacks Investment Research lowered Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Boenning Scattergood set a $21.00 price target on Old National Bancorp and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Jefferies Group reiterated a “hold” rating and issued a $18.00 price target on shares of Old National Bancorp in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.92.

Old National Bancorp (NASDAQ:ONB) opened at $17.85 on Friday. Old National Bancorp has a fifty-two week low of $15.38 and a fifty-two week high of $18.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market capitalization of $2,412.31, a PE ratio of 15.35 and a beta of 1.03.

Old National Bancorp (NASDAQ:ONB) last issued its earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. The business had revenue of $154.84 million during the quarter, compared to analysts’ expectations of $152.48 million. During the same quarter in the prior year, the firm earned $0.25 EPS. equities analysts forecast that Old National Bancorp will post 1.08 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC bought a new stake in shares of Old National Bancorp during the 3rd quarter valued at about $129,000. Advisor Group Inc. boosted its position in shares of Old National Bancorp by 219.1% during the 3rd quarter. Advisor Group Inc. now owns 9,921 shares of the bank’s stock valued at $181,000 after purchasing an additional 6,812 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Old National Bancorp during the 3rd quarter valued at about $196,000. Teacher Retirement System of Texas boosted its position in shares of Old National Bancorp by 7.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,821 shares of the bank’s stock valued at $187,000 after purchasing an additional 717 shares in the last quarter. Finally, Adviser Investments LLC bought a new stake in shares of Old National Bancorp during the 3rd quarter valued at about $212,000. Institutional investors own 73.07% of the company’s stock.

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Old National Bancorp Company Profile

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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