8 hours Ago By ABMN Staff
Old National Bancorp ( NASDAQ:ONB – Get Free Report ) had its target price reduced by Citigroup from $30.00 to $28.00 in a report released on Wednesday, Benzinga reports.
The brokerage currently has a “buy” rating on the bank’s stock. Citigroup’s price target would indicate a potential upside of 33.78% from the company’s current price.
ONB has been the subject of several other research reports. Raymond James decreased their target price on Old National Bancorp from $29.00 to $27.
00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. Stephens reaffirmed an “overweight” rating and issued a $27.00 target price on shares of Old National Bancorp in a research report on Monday, April 14th.
Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price objective (up previously from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd.
Finally, Barclays lowered their price target on Old National Bancorp from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th.
Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.63.
View Our Latest Stock Report on ONB Old National Bancorp Stock Up 1.8 % Old National Bancorp ( NASDAQ:ONB – Get Free Report ) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.
45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03.
Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%.
The company had revenue of $486.87 million during the quarter, compared to the consensus estimate of $478.37 million.
Equities analysts expect that Old National Bancorp will post 2.08 earnings per share for the current fiscal year. Institutional Trading of Old National Bancorp A number of hedge funds have recently modified their holdings of the company.
Vanguard Group Inc. lifted its holdings in shares of Old National Bancorp by 0.9% during the 4th quarter.
Vanguard Group Inc. now owns 33,921,274 shares of the bank’s stock valued at $736,261,000 after purchasing an additional 290,005 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Old National Bancorp by 0.
8% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,106,289 shares of the bank’s stock worth $371,294,000 after purchasing an additional 132,002 shares during the period. Wellington Management Group LLP grew its holdings in shares of Old National Bancorp by 923.
4% during the fourth quarter. Wellington Management Group LLP now owns 8,724,893 shares of the bank’s stock worth $189,374,000 after buying an additional 7,872,318 shares in the last quarter. Victory Capital Management Inc.
raised its position in Old National Bancorp by 4.5% in the 4th quarter. Victory Capital Management Inc.
now owns 7,551,228 shares of the bank’s stock valued at $163,899,000 after buying an additional 326,135 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Old National Bancorp by 172.1% during the 4th quarter.
William Blair Investment Management LLC now owns 5,493,490 shares of the bank’s stock worth $119,236,000 after acquiring an additional 3,474,578 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.
About Old National Bancorp ( Get Free Report ) Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. See Also Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.
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