Old National Bancorp (NASDAQ:ONB) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other research firms have also weighed in on ONB. ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target on shares of Old National Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 27th. Boenning Scattergood set a $21.00 price target on shares of Old National Bancorp and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies assumed coverage on shares of Old National Bancorp in a research report on Friday, October 6th. They set a “neutral” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Old National Bancorp has an average rating of “Hold” and an average price target of $19.19.
Old National Bancorp (NASDAQ ONB) opened at $18.10 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. Old National Bancorp has a 12 month low of $15.38 and a 12 month high of $18.95. The firm has a market cap of $2,490.00, a P/E ratio of 16.61 and a beta of 1.03.
Hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new stake in shares of Old National Bancorp during the 3rd quarter valued at approximately $129,000. Advisor Group Inc. increased its holdings in Old National Bancorp by 219.1% in 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 during the last quarter. Stifel Financial Corp acquired a new stake in Old National Bancorp in the 3rd quarter valued at approximately $196,000. Adviser Investments LLC acquired a new stake in Old National Bancorp in the 3rd quarter valued at approximately $212,000. Finally, 361 Capital LLC acquired a new stake in Old National Bancorp in the 3rd quarter valued at approximately $213,000. 72.99% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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