Somewhat Favorable News Coverage Somewhat Unlikely to Affect Old National Bancorp (ONB) Share Price
News coverage about Old National Bancorp (NASDAQ:ONB) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old National Bancorp earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.7472779722971 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Old National Bancorp (ONB) opened at $18.40 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market cap of $2,490.00, a price-to-earnings ratio of 16.88 and a beta of 1.03. 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 posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $154.84 million for the quarter, compared to the consensus estimate of $152.48 million. Old National Bancorp had a net margin of 21.61% and a return on equity of 8.39%. During the same period in the previous year, the firm earned $0.25 EPS. sell-side analysts anticipate that Old National Bancorp will post 1.08 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. 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. Zacks Investment Research downgraded shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Piper Jaffray Companies assumed coverage on shares of Old National Bancorp in a research report on Friday, October 6th. They issued a “neutral” rating and a $19.00 price target for the company. BidaskClub raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Old National Bancorp presently has an average rating of “Hold” and a consensus target price of $19.19.
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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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