Old National Bancorp (NASDAQ:ONB)‘s stock had its “hold” rating reissued by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They presently have a $20.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 15.27% from the stock’s previous close.
ONB has been the subject of a number of other reports. Zacks Investment Research upgraded Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, December 27th. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Boenning Scattergood set a $21.00 price target on Old National Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 24th. ValuEngine downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Hilliard Lyons upgraded Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.38.
Shares of Old National Bancorp (ONB) traded down $0.20 during trading on Tuesday, reaching $17.35. The company’s stock had a trading volume of 565,929 shares, compared to its average volume of 766,952. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.85 and a current ratio of 0.85. Old National Bancorp has a 52-week low of $15.38 and a 52-week high of $18.95. The firm has a market cap of $2,668.67, a P/E ratio of 24.44 and a beta of 0.90.
Several institutional investors and hedge funds have recently modified their holdings of ONB. Peregrine Capital Management LLC acquired a new stake in shares of Old National Bancorp in the 4th quarter valued at about $8,014,000. Prudential Financial Inc. grew its stake in shares of Old National Bancorp by 22.9% in the 3rd quarter. Prudential Financial Inc. now owns 1,147,606 shares of the bank’s stock valued at $21,002,000 after buying an additional 213,580 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Old National Bancorp by 11.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,936,282 shares of the bank’s stock valued at $33,788,000 after buying an additional 206,262 shares during the period. LSV Asset Management grew its stake in shares of Old National Bancorp by 13.4% in the 4th quarter. LSV Asset Management now owns 1,641,900 shares of the bank’s stock valued at $28,651,000 after buying an additional 194,346 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Old National Bancorp by 219.7% in the 4th quarter. Arizona State Retirement System now owns 224,869 shares of the bank’s stock valued at $3,924,000 after buying an additional 154,533 shares during the period. Institutional investors own 63.64% of the company’s stock.
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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.
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