News stories about Old National Bancorp (NASDAQ:ONB) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Old National Bancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.7723812944748 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Analysts Anticipate Old National Bancorp (ONB) Will Post Quarterly Sales of $167.12 Million (americanbankingnews.com)
- Head-To-Head Comparison: Bryn Mawr Bank (BMTC) versus Old National Bancorp (ONB) (americanbankingnews.com)
- Anchor Bank president will stay on after merger with Old National Bancorp (finance.yahoo.com)
- Old National Schedules Earnings Release and Conference Call / Web Cast (finance.yahoo.com)
A number of research analysts have recently weighed in on the stock. BidaskClub cut shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Boenning Scattergood began coverage on shares of Old National Bancorp in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $20.50 target price for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Old National Bancorp in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, December 27th. Finally, ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.19.
Old National Bancorp (NASDAQ:ONB) last released its earnings results on Tuesday, October 24th. The bank reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The firm had revenue of $154.84 million during the quarter, compared to analysts’ expectations of $152.48 million. Old National Bancorp had a net margin of 21.61% and a return on equity of 8.39%. During the same period in the previous year, the company earned $0.25 EPS. equities analysts anticipate that Old National Bancorp will post 1.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.94%. Old National Bancorp’s dividend payout ratio is presently 47.71%.
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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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