Old National Bancorp (ONB) Given Daily News Impact Rating of 0.29
News headlines about Old National Bancorp (NASDAQ:ONB) have been trending positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty 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 closest to one being the most favorable. Old National Bancorp earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.8443050507887 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of brokerages have recently commented on ONB. BidaskClub raised shares of Old National Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. 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. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price target on shares of Old National Bancorp in a research report on Wednesday, July 26th. 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 Sunday, June 11th. Finally, 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Old National Bancorp has an average rating of “Buy” and a consensus price target of $18.67.
Shares of Old National Bancorp (NASDAQ ONB) opened at 18.25 on Thursday. The company has a market capitalization of $2.47 billion, a PE ratio of 17.33 and a beta of 1.10. Old National Bancorp has a 52 week low of $13.69 and a 52 week high of $18.95. The firm’s 50-day moving average is $16.81 and its 200 day moving average is $16.79.
Old National Bancorp (NASDAQ:ONB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $153.57 million. Old National Bancorp had a net margin of 21.02% and a return on equity of 8.25%. During the same period in the previous year, the company earned $0.31 EPS. On average, analysts anticipate that Old National Bancorp will post $1.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Wednesday, August 30th. Old National Bancorp’s payout ratio is presently 49.52%.
In related news, insider John R. Kamin sold 5,531 shares of the company’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link. 1.79% of the stock is owned by corporate insiders.
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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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