Impact of Brokerage Rating on Old National Bancorp(ONB)

Many Old National Bancorp(ONB) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Old National Bancorp was Downgraded by Raymond James to Mkt Perform on Nov 22, 2016.

Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Robert G Jones (CHAIRMAN AND CEO) sold 70,000 shares at 17.93 per share price.On Nov 3, 2016, Kendra L Vanzo (ASSOC ENGAGEMENT & INTEGRATION) purchased 1,000 shares at 14.35 per share price.On Aug 18, 2016, Daryl D Moore (EXECUTIVE VICE PRES AND CCO) sold 33,442 shares at 13.80 per share price.

Old National Bancorp Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.26. The company had revenue of $172.70 million for the quarter, compared to analysts expectations of $155.05 million. The companys revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Old National Bancorp (NASDAQ:ONB) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3.29 by 7 Brokerage Firm. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Old National Bancorp (NASDAQ:ONB): 6 analysts have set the short term price target of Old National Bancorp (NASDAQ:ONB) at $16.25. The standard deviation of short term price target has been estimated at $1.99, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 18 and $14 respectively.

Old National Bancorp (NASDAQ:ONB) rose 1.09% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $18.25 the stock was seen hitting $18.525 as a peak level and $18.1 as the lowest level. The stock ended up at $18.5. The daily volume was measured at 1,175,506 shares. The 52-week high of the share price is $18.55 and the 52-week low is $10.825. The company has a market cap of $2,500 million.

Old National Bancorp is a bank holding company that operates banking offices and ATMs throughout Indiana, Illinois, Ohio, Kentucky, and Tennessee. Through various subsidiaries, Old National provides a broad range of banking services as well as trust and investment management services, insurance brokerage services for both individuals and companies, and investment products. (Company Press Release)

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