Reaffirmed: Old National Bancorp Capital (NASDAQ:ONB) Hold Rating Reaffirmed by KBW; $18.0 Target in Place

September 17, 2017 - By Marie Mckinney

 Reaffirmed: Old National Bancorp Capital (NASDAQ:ONB) Hold Rating Reaffirmed by KBW; $18.0 Target in Place

Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.17, from 1.04 in 2016Q3. It increased, as 15 investors sold Old National Bancorp shares while 63 reduced holdings. 25 funds opened positions while 69 raised stakes. 94.51 million shares or 1.19% more from 93.40 million shares in 2016Q3 were reported.

Stock Yards Bancshares Trust owns 43,240 shares or 0.1% of their US portfolio. Qs Lc invested in 0% or 22,610 shares. 98,451 are owned by Texas Permanent School Fund. Lsv Asset Management invested in 0.03% or 928,300 shares. Susquehanna Llp accumulated 370,085 shares. Suntrust Banks Inc stated it has 21,103 shares or 0% of all its holdings. Ameriprise holds 0.01% or 920,416 shares. State Board Of Administration Of Florida Retirement Systems has 104,610 shares for 0.01% of their portfolio. Creative Planning invested in 18,460 shares or 0% of the stock. Illinois-based Css Limited Liability Corp Il has invested 0.02% in Old National Bancorp (NASDAQ:ONB). Naples Global Advsr Limited Liability Corporation stated it has 43,450 shares. Allianz Asset Mgmt Ag has invested 0.04% of its portfolio in Old National Bancorp (NASDAQ:ONB). Bancshares Of America De accumulated 0% or 252,406 shares. Gateway Advisers Limited Com invested in 193,848 shares or 0.03% of the stock. Netols Asset Management reported 1.56% in Old National Bancorp (NASDAQ:ONB).

Since May 26, 2017, it had 0 insider buys, and 1 insider sale for $16,175 activity.

Old National Bancorp Capital (NASDAQ:ONB) Rating Reaffirmed

Old National Bancorp Capital (NASDAQ:ONB) just had their share rating of a ‘Hold’ issued by research analysts at KBW, who now has a $18.0 PT on the $2.22B market cap company or a 9.76 % upside potential. This key information was disclosed in an analyst note on Monday morning.

Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.17, from 1.04 in 2016Q3. It increased, as 15 investors sold Old National Bancorp shares while 63 reduced holdings. 25 funds opened positions while 69 raised stakes. 94.51 million shares or 1.19% more from 93.40 million shares in 2016Q3 were reported.

Stock Yards Bancshares Trust owns 43,240 shares or 0.1% of their US portfolio. Qs Lc invested in 0% or 22,610 shares. 98,451 are owned by Texas Permanent School Fund. Lsv Asset Management invested in 0.03% or 928,300 shares. Susquehanna Llp accumulated 370,085 shares. Suntrust Banks Inc stated it has 21,103 shares or 0% of all its holdings. Ameriprise holds 0.01% or 920,416 shares. State Board Of Administration Of Florida Retirement Systems has 104,610 shares for 0.01% of their portfolio. Creative Planning invested in 18,460 shares or 0% of the stock. Illinois-based Css Limited Liability Corp Il has invested 0.02% in Old National Bancorp (NASDAQ:ONB). Naples Global Advsr Limited Liability Corporation stated it has 43,450 shares. Allianz Asset Mgmt Ag has invested 0.04% of its portfolio in Old National Bancorp (NASDAQ:ONB). Bancshares Of America De accumulated 0% or 252,406 shares. Gateway Advisers Limited Com invested in 193,848 shares or 0.03% of the stock. Netols Asset Management reported 1.56% in Old National Bancorp (NASDAQ:ONB).

Since May 26, 2017, it had 0 insider buys, and 1 insider sale for $16,175 activity.

Old National Bancorp (NASDAQ:ONB) Ratings Coverage

Among 8 analysts covering Old National Bancorp (NASDAQ:ONB), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Old National Bancorp has $1900 highest and $13.50 lowest target. $16.50’s average target is 0.61% above currents $16.4 stock price. Old National Bancorp had 16 analyst reports since August 4, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, July 25 report. The firm has “Outperform” rating given on Tuesday, March 29 by Raymond James. Keefe Bruyette & Woods maintained Old National Bancorp (NASDAQ:ONB) on Tuesday, August 8 with “Hold” rating. The firm earned “Hold” rating on Monday, September 11 by Keefe Bruyette & Woods. Piper Jaffray maintained Old National Bancorp (NASDAQ:ONB) rating on Wednesday, August 9. Piper Jaffray has “Hold” rating and $1900 target. The company was maintained on Friday, June 9 by Jefferies. RBC Capital Markets maintained Old National Bancorp (NASDAQ:ONB) rating on Tuesday, August 8. RBC Capital Markets has “Hold” rating and $1800 target. The firm has “Mkt Perform” rating by Raymond James given on Tuesday, November 22. As per Tuesday, August 4, the company rating was initiated by Stephens. Piper Jaffray initiated the stock with “Neutral” rating in Monday, July 11 report.

The stock increased 0.31% or $0.05 on September 15, reaching $16.4. About 1.91 million shares traded or 182.56% up from the average. Old National Bancorp (NASDAQ:ONB) has risen 28.89% since September 17, 2016 and is uptrending. It has outperformed by 12.19% the S&P500.

Investors wait Old National Bancorp (NASDAQ:ONB) to report on October, 30. its quarterly earnings Wall Street analysts expect $0.26 EPS, down $0.02 or 7.14 % from last year’s $0.28 same quarter earnings. This translates into $35.20M profit for ONB giving the stock a 15.77 P/E. This is assuming the current $0.26 EPS is accurate. Old National Bancorp’s Wall Street analysts see -10.34 % negative EPS growth, taking into account the $0.29 EPS reproted in the previous quarter,

Old National Bancorp is a financial holding company. The company has market cap of $2.22 billion. 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. It has a 15.53 P/E ratio. The Firm focuses on community banking.

More news for Old National Bancorp (NASDAQ:ONB) were recently published by: Nasdaq.com, which released: “Old National Bancorp (ONB) Ex-Dividend Date Scheduled for August 30, 2017” on August 29, 2017. Nasdaq.com‘s article titled: “Old National Bancorp is Now Oversold (ONB)” and published on September 07, 2017 is yet another important article.

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