Old National Bancorp (ONB) Receiving Somewhat Positive Press Coverage, Report Finds

News stories about Old National Bancorp (NASDAQ:ONB) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old National Bancorp earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.7472779722971 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Old National Bancorp (ONB) opened at $18.10 on Friday. The firm has a market capitalization of $2,490.00, a P/E ratio of 16.61 and a beta of 1.03. 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 fifty-two week low of $15.38 and a fifty-two week high of $18.95.

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

Several research firms have issued reports on ONB. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research cut 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 target price on Old National Bancorp and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies began coverage on Old National Bancorp in a research report on Friday, October 6th. They set a “neutral” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.19.

COPYRIGHT VIOLATION NOTICE: “Old National Bancorp (ONB) Receiving Somewhat Positive Press Coverage, Report Finds” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3145138/old-national-bancorp-onb-receiving-somewhat-positive-press-coverage-report-finds.html.

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.

Insider Buying and Selling by Quarter for Old National Bancorp (NASDAQ:ONB)

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.