Old National Bancorp (NASDAQ:ONB) PT raised to $23.00

Former National Bancorp (NASDAQ: ONB – Get a rating) saw its price target raised by analysts at Stephens to $23.00 in a report on Tuesday, Target Stock Advisor reports. Stephens’ price target would indicate a potential upside of 31.20% from the company’s previous close.

Other analysts have also released reports on the company. TheStreet downgraded Old National Bancorp from a ‘b’ rating to a ‘c+’ rating in a Friday, May 27 report. StockNews.com upgraded shares of Old National Bancorp from a “sell” to a “hold” rating in a report on Wednesday, July 13. Finally, Piper Sandler raised her price target on shares of Old National Bancorp to $21.00 and gave the stock an “outperform” rating in a Wednesday, July 27, report. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.75.

Shares of former National Bancorp down 0.7%

NASDAQ ONB lost $0.12 on Tuesday, hitting $17.53. The company had a trading volume of 70,061 shares, compared to an average volume of 1,508,881 shares. The company has a market capitalization of $5.13 billion, a PE ratio of 17.18 and a beta of 0.86. The company has a 50-day moving average of $16.05 and a 200-day moving average of $16.34. Old National Bancorp has a 1-year low of $14.22 and a 1-year high of $20.81. The company has a debt ratio of 0.81, a current ratio of 0.83 and a quick ratio of 0.83.

A d Investment trends

Is this “military tech crisis” about to trigger a $15 billion boom for investors?

This is a national emergency. Right now, China controls a CRITICAL resource that we need for our planes, missiles, vehicles and weapons. However, executive orders from Biden and Trump are forcing China out of the game…

Former National Bancorp (NASDAQ: ONB – Get a rating) last released its quarterly results on Tuesday, July 26. The bank reported EPS of $0.46 for the quarter, beating consensus analyst estimates of $0.39 by $0.07. Old National Bancorp had a return on equity of 9.13% and a net margin of 18.42%. In the same period a year earlier, the company had earned earnings per share of $0.41. On average, equity research analysts expect Old National Bancorp to post EPS of 1.88 for the current fiscal year.

Institutional investors weigh in on former National Bancorp

A number of large investors have recently changed their positions in ONB. Fuller & Thaler Asset Management Inc. increased its equity stake in Old National Bancorp to 774.8% in Q1. Fuller & Thaler Asset Management Inc. now owns 14,304,594 shares of the bank valued at $234,309,000 after purchasing an additional 12,669,445 shares during the period. Vanguard Group Inc. increased its position in shares of Old National Bancorp by 59.8% in the first quarter. Vanguard Group Inc. now owns 29,663,094 shares of the bank worth $485,881,000 after buying an additional 11,101,411 shares in the last quarter. BlackRock Inc. increased its position in shares of Old National Bancorp by 37.6% in the first quarter. BlackRock Inc. now owns 33,378,748 shares of the bank worth $546,744,000 after buying an additional 9,124,230 shares last quarter. Dimensional Fund Advisors LP raised its position in shares of Old National Bancorp by 71.3% in the first quarter. Dimensional Fund Advisors LP now owns 18,070,249 shares of the bank worth $295,996,000 after purchasing an additional 7,523,808 shares in the last quarter. Finally, State Street Corp raised its position in shares of Old National Bancorp by 54.9% in the first quarter. State Street Corp now owns 15,423,544 shares of the bank worth $252,638,000 after buying an additional 5,465,409 shares last quarter. Institutional investors and hedge funds hold 78.66% of the company’s shares.

About the former national bank

(Get a rating)

Old National Bancorp operates as a bank holding company for Old National Bank which provides various financial services to individuals and businesses in the United States. It accepts deposit accounts, including non-interest-bearing current accounts, interest-bearing checks, negotiable withdrawal orders, savings and money market accounts, and term deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit and leases.

Featured articles

Stock Target Advisor Logo

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Old National Bancorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Old National Bancorp was not on the list.

While Old National Bancorp currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.