Old National Bancorp (NASDAQ:ONB) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
ONB has been the topic of several other reports. ValuEngine cut Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a research note on Friday, September 15th. Piper Jaffray Companies started coverage on Old National Bancorp in a research note on Friday, October 6th. They set a “neutral” rating and a $19.00 price objective for the company. Boenning Scattergood started coverage on Old National Bancorp in a research note on Wednesday, October 4th. They set an “outperform” rating and a $20.50 price objective for the company. Finally, Zacks Investment Research lowered Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.92.
Old National Bancorp (NASDAQ ONB) opened at $17.85 on Friday. Old National Bancorp has a 1 year low of $15.38 and a 1 year high of $18.95. The stock has a market capitalization of $2,400.00, a price-to-earnings ratio of 15.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86.
Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Old National Bancorp in the third quarter worth $940,000. Sterling Capital Management LLC acquired a new stake in shares of Old National Bancorp in the third quarter worth $1,352,000. Afam Capital Inc. boosted its position in shares of Old National Bancorp by 1.3% in the third quarter. Afam Capital Inc. now owns 329,365 shares of the bank’s stock worth $6,027,000 after buying an additional 4,126 shares during the period. California Public Employees Retirement System boosted its position in Old National Bancorp by 3.1% during the third quarter. California Public Employees Retirement System now owns 323,395 shares of the bank’s stock valued at $5,918,000 after purchasing an additional 9,795 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in Old National Bancorp during the third quarter valued at $129,000. 73.07% of the stock is owned by institutional investors and hedge funds.
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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