2 weeks Ago By ABMN Staff
Old National Bancorp ( NASDAQ:ONB – Free Report ) had its price target increased by Barclays from $22.00 to $24.00 in a report published on Friday, Benzinga reports.
Barclays currently has an overweight rating on the bank’s stock. ONB has been the topic of a number of other research reports. Hovde Group started coverage on shares of Old National Bancorp in a research note on Monday, June 3rd.
They set an outperform rating and a $20.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Old National Bancorp from $19.
00 to $22.00 and gave the company a sector perform rating in a research note on Wednesday, July 24th. Finally, StockNews.
com upgraded shares of Old National Bancorp from a sell rating to a hold rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Old National Bancorp currently has an average rating of Moderate Buy and an average target price of $19.
88. Read Our Latest Analysis on Old National Bancorp Old National Bancorp Price Performance Old National Bancorp ( NASDAQ:ONB – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.
46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02.
Old National Bancorp had a net margin of 18.83% and a return on equity of 10.67%.
The company had revenue of $750.93 million for the quarter, compared to analyst estimates of $474.10 million.
During the same quarter last year, the business earned $0.54 earnings per share. Analysts anticipate that Old National Bancorp will post 1.
85 earnings per share for the current year. Old National Bancorp Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were issued a dividend of $0.
14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.
03%. The ex-dividend date was Thursday, September 5th. Old National Bancorp’s payout ratio is 30.
27%. Insider Buying and Selling In related news, CEO James A. Sandgren sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th.
The shares were sold at an average price of $19.94, for a total transaction of $498,500.00.
Following the completion of the sale, the chief executive officer now directly owns 287,409 shares in the company, valued at $5,730,935.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
In related news, insider Kendra L. Vanzo sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $19.
85, for a total value of $397,000.00. Following the completion of the transaction, the insider now owns 117,676 shares of the company’s stock, valued at approximately $2,335,868.
60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO James A.
Sandgren sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $19.94, for a total transaction of $498,500.
00. Following the completion of the transaction, the chief executive officer now directly owns 287,409 shares of the company’s stock, valued at approximately $5,730,935.46.
The disclosure for this sale can be found here . 1.07% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Old National Bancorp Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Old National Bancorp by 194.8% in the 2nd quarter.
GAMMA Investing LLC now owns 1,521 shares of the bank’s stock worth $26,000 after purchasing an additional 1,005 shares during the period. Rise Advisors LLC acquired a new stake in shares of Old National Bancorp during the 1st quarter valued at $28,000. HHM Wealth Advisors LLC acquired a new stake in shares of Old National Bancorp during the 2nd quarter valued at $28,000.
LRI Investments LLC acquired a new stake in shares of Old National Bancorp during the 1st quarter valued at $48,000. Finally, Point72 Asia Singapore Pte. Ltd.
acquired a new stake in shares of Old National Bancorp during the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
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. Read More 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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