News stories about Old National Bancorp (NASDAQ:ONB) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old National Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.4649097720388 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Old National Bancorp (NASDAQ:ONB) opened at 18.45 on Wednesday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 17.52 and a beta of 1.10. The company has a 50 day moving average price of $17.05 and a 200-day moving average price of $16.83. Old National Bancorp has a 52-week low of $13.69 and a 52-week high of $18.95.
Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. The company had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $153.57 million. During the same period in the previous year, the firm posted $0.31 EPS. On average, analysts predict that Old National Bancorp will post $1.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Wednesday, August 30th. Old National Bancorp’s payout ratio is 49.52%.
A number of equities analysts have recently weighed in on the company. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Raymond James Financial, Inc. raised Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Tuesday, September 19th. UBS AG raised Old National Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 19th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a research note on Wednesday, July 26th. Finally, Boenning Scattergood assumed coverage on Old National Bancorp in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $20.50 price objective for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.83.
In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of the firm’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 value of $91,593.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John R. Kamin sold 7,332 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $17.03, for a total transaction of $124,863.96. The disclosure for this sale can be found here. Company insiders own 1.79% of the company’s stock.
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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