Old National Bancorp (NASDAQ:ONB) has been downgraded from Outperform to Mkt Perform in a statement by Raymond James earlier today.
- Updated: November 27, 2016
Raymond James has downgraded Old National Bancorp (NASDAQ:ONB) from Outperform to Mkt Perform in a statement released on 11/22/2016.
On 11/20/2015, Suntrust Robinson released a statement for Old National Bancorp (NASDAQ:ONB) bumped up the target price from $14.00 to $15.00 that suggested an upside of 0.01%.
Boasting a price of $17.30, Old National Bancorp (NASDAQ:ONB) traded -0.29% lower on the day. With the last stock price close up 27.23% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Old National Bancorp has recorded a 50-day average of $15.14 and a two hundred day average of $13.72. Volume of trade was down over the average, with 286,496 shares of ONB changing hands under the typical 799,847
With a total market value of $0, Old National Bancorp has price-earnings ratio of 16.31 with a one year low of $10.69 and a one year high of $17.60 .
A total of 9 analysts have released a research note on ONB. One analyst rating the company a strong buy, 0 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $12.72.
About Old National Bancorp (NASDAQ:ONB)
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. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services. The Company operates in two segments: banking and insurance. The Company's banking segment operates through its subsidiary, Old National Bank. Old National Bank operates approximately 160 banking financial centers located in Indiana, Kentucky and Michigan. The Company's insurance segment offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance.
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