ONB has been the subject of a number of other research reports. Zacks Investment Research upgraded Old National Bancorp from a sell rating to a hold rating in a report on Wednesday, July 10th. BidaskClub upgraded shares of Old National Bancorp from a hold rating to a buy rating in a report on Saturday, July 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $21.00.
ONB traded down $0.13 during midday trading on Thursday, reaching $17.13. 869,778 shares of the company’s stock traded hands, compared to its average volume of 724,622. The firm has a fifty day moving average price of $16.83. The company has a market cap of $2.97 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.75. Old National Bancorp has a 52 week low of $14.45 and a 52 week high of $20.95.
Hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. bought a new position in Old National Bancorp in the first quarter worth about $50,000. Private Capital Group LLC grew its stake in shares of Old National Bancorp by 141.8% during the 1st quarter. Private Capital Group LLC now owns 3,320 shares of the bank’s stock worth $54,000 after purchasing an additional 1,947 shares during the period. Meeder Asset Management Inc. acquired a new position in Old National Bancorp during the first quarter worth about $81,000. Resources Investment Advisors Inc. grew its holdings in shares of Old National Bancorp by 13.5% in the 1st quarter. Resources Investment Advisors Inc. now owns 7,755 shares of the bank’s stock worth $127,000 after acquiring an additional 920 shares during the period. Finally, Stephens Inc. AR acquired a new stake in Old National Bancorp in the first quarter valued at $166,000. 63.84% of the stock is owned by institutional investors.
About Old National Bancorp
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.
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