Media headlines about Old National Bancorp (NASDAQ:ONB) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old National Bancorp earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 44.4447884444124 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $155.43 Million in Sales Expected for Old National Bancorp (ONB) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Anticipate Old National Bancorp (ONB) to Post $0.26 EPS (americanbankingnews.com)
- Old National Bancorp (ONB) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Insider Selling: Old National Bancorp (ONB) Insider Sells 5,531 Shares of Stock (americanbankingnews.com)
- Old National to shutter Marshall bank (tribstar.com)
Old National Bancorp (ONB) remained flat at $16.25 during mid-day trading on Friday. The company’s stock had a trading volume of 117,610 shares. Old National Bancorp has a 12-month low of $13.49 and a 12-month high of $18.95. The firm has a market capitalization of $2.20 billion, a P/E ratio of 15.43 and a beta of 1.10. The firm’s 50-day moving average is $16.79 and its 200-day moving average is $17.12.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. The firm had revenue of $153.60 million during the quarter, compared to analyst estimates of $153.57 million. During the same quarter in the prior year, the business posted $0.31 EPS. Equities research analysts forecast that Old National Bancorp will post $1.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.52 annualized dividend and a dividend yield of 3.20%. Old National Bancorp’s dividend payout ratio is presently 49.52%.
ONB has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research note on Friday, August 11th. Zacks Investment Research cut Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. BidaskClub cut Old National Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold – neutral” rating on shares of Old National Bancorp in a research note on Monday, June 12th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Old National Bancorp has a consensus rating of “Hold” and a consensus target price of $18.30.
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In other news, insider John R. Kamin sold 5,531 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $16.56, for a total transaction of $91,593.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 13,863 shares of company stock valued at $232,637. Company insiders own 1.79% of the company’s stock.
Old National Bancorp Company Profile
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking.
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