Old National Bancorp (NYSE: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 (NYSE:ONB) from Outperform to Mkt Perform in a statement released on 11/22/2016.
Previously on Tuesday February 02, 2016, RBC Capital Markets reported about Old National Bancorp (NYSE:ONB) bumped down the target price from $15.00 to $13.00. At the time, this indicated a possible upside of 0.11%.
Just yesterday Old National Bancorp (NYSE:ONB) traded -0.29% lower at $17.12. Old National Bancorp’s 50-day moving average is $15.14 and its 200-day moving average is $13.72. With the last close up 27.23% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 286,496 shares of the stock were exchanged, down from an average trading volume of 799,847
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Old National Bancorp has a price-earnings ratio of 16.31 with a one year low of $10.69 and a 52 week high of $17.60 The company’s market cap is currently $0.
In addition to Raymond James reporting its stock price target, a total of 9 firms have issued a report on the stock. The consensus target price is $12.72 with 1 firm rating the stock 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.
About Old National Bancorp (NYSE: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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