Media coverage about Old National Bancorp (NASDAQ:ONB) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old National Bancorp earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.6394540395311 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Old National Bancorp : ONB-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 4, 2017 (finance.yahoo.com)
- $167.12 Million in Sales Expected for Old National Bancorp (ONB) This Quarter (americanbankingnews.com)
- Old National Bancorp (ONB) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Brokerages Expect Old National Bancorp (ONB) to Announce $0.25 Earnings Per Share (americanbankingnews.com)
- Bangert: Why that new Old National Bank sign in downtown Lafayette is so huge (jconline.com)
Old National Bancorp (NASDAQ ONB) traded up $0.30 during trading hours on Monday, reaching $18.55. The company had a trading volume of 1,607,878 shares, compared to its average volume of 797,408. Old National Bancorp has a 12-month low of $15.38 and a 12-month high of $18.95. The firm has a market capitalization of $2,473.29, a P/E ratio of 15.73 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.95.
Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. The firm had revenue of $154.84 million for the quarter, compared to the consensus estimate of $152.48 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. equities analysts predict that Old National Bancorp will post 1.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.52 dividend on an annualized basis and a yield of 2.80%. Old National Bancorp’s dividend payout ratio is currently 47.71%.
A number of brokerages have recently weighed in on ONB. ValuEngine upgraded Old National Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Boenning Scattergood started coverage on Old National Bancorp in a report on Wednesday, October 4th. They issued an “outperform” rating and a $20.50 price objective on the stock. Jefferies Group restated a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a report on Friday, August 11th. BidaskClub downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Raymond James Financial upgraded Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Old National Bancorp currently has a consensus rating of “Hold” and a consensus price target of $18.92.
About Old National Bancorp
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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