Today Sandler O’Neill Maintains a Hold Rating on Old National Bancorp Capital (NASDAQ:ONB) and a $19.0000 Target Price

July 11, 2018 - By Joseph Taylor

Old National Bancorp (NASDAQ:ONB) Logo

Investors sentiment decreased to 1.1 in Q1 2018. Its down 0.01, from 1.11 in 2017Q4. It turned negative, as 24 investors sold Old National Bancorp shares while 59 reduced holdings. 30 funds opened positions while 61 raised stakes. 99.26 million shares or 1.94% more from 97.37 million shares in 2017Q4 were reported.

Guggenheim Capital Limited Com has 103,502 shares for 0% of their portfolio. Envestnet Asset Management Incorporated has 0% invested in Old National Bancorp (NASDAQ:ONB). Culbertson A N And owns 15,410 shares for 0.08% of their portfolio. Barclays Plc holds 0% or 41,679 shares in its portfolio. Natixis holds 10,196 shares or 0% of its portfolio. Royal Bank & Trust Of Canada owns 37,465 shares. Profund Advisors Llc stated it has 0.02% in Old National Bancorp (NASDAQ:ONB). Federated Investors Inc Pa has 183,277 shares. Invesco Limited holds 1.02 million shares. Ameriprise Financial Inc accumulated 962,744 shares. Citigroup Inc invested in 8,919 shares or 0% of the stock. Amer Asset Mngmt has 0.17% invested in Old National Bancorp (NASDAQ:ONB) for 11,329 shares. Minnesota-based Mairs And Power has invested 0.07% in Old National Bancorp (NASDAQ:ONB). Axa reported 16,500 shares stake. Loomis Sayles Ltd Partnership invested 0% in Old National Bancorp (NASDAQ:ONB).

Since April 27, 2018, it had 0 buys, and 2 insider sales for $874,298 activity. Another trade for 1,064 shares valued at $18,939 was sold by White Katherine E.

Old National Bancorp Capital (NASDAQ:ONB) Rating Reaffirmed

In a research report revealed to investors this morning, Sandler O’Neill reiterated their Hold rating on Old National Bancorp Capital (NASDAQ:ONB) shares. The price target suggests a possible upside of 0.53 % from firm’s current stock price.

Old National Bancorp (NASDAQ:ONB) Ratings Coverage

Among 6 analysts covering Old National Bancorp Capital (NASDAQ:ONB), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Old National Bancorp Capital has $21 highest and $18.5000 lowest target. $19.80’s average target is 4.76% above currents $18.9 stock price. Old National Bancorp Capital had 11 analyst reports since January 23, 2018 according to SRatingsIntel. As per Monday, June 25, the company rating was maintained by Sandler O’Neill. The rating was downgraded by Hilliard Lyons on Thursday, April 26 to “Hold”. Sandler O’Neill maintained it with “Hold” rating and $18.5000 target in Tuesday, March 27 report. Keefe Bruyette & Woods maintained Old National Bancorp (NASDAQ:ONB) rating on Tuesday, January 23. Keefe Bruyette & Woods has “Hold” rating and $19.0 target. The stock of Old National Bancorp (NASDAQ:ONB) has “Buy” rating given on Wednesday, March 28 by Boenning & Scattergood. The rating was upgraded by Hilliard Lyons to “Buy” on Friday, February 9. Keefe Bruyette & Woods maintained Old National Bancorp (NASDAQ:ONB) on Monday, February 26 with “Hold” rating. The stock of Old National Bancorp (NASDAQ:ONB) earned “Buy” rating by Boenning & Scattergood on Friday, June 22. DA Davidson maintained the stock with “Neutral” rating in Monday, June 25 report. Hovde Group maintained the shares of ONB in report on Monday, April 23 with “Hold” rating.

The stock decreased 0.26% or $0.05 during the last trading session, reaching $18.9. About 1.09 million shares traded or 22.46% up from the average. Old National Bancorp (NASDAQ:ONB) has risen 11.35% since June 26, 2017 and is uptrending. It has underperformed by 1.22% the S&P500.

Analysts await Old National Bancorp (NASDAQ:ONB) to report earnings on July, 24. They expect $0.25 earnings per share, down 13.79 % or $0.04 from last year’s $0.29 per share. ONB’s profit will be $38.04 million for 18.90 P/E if the $0.25 EPS becomes a reality. After $0.34 actual earnings per share reported by Old National Bancorp for the previous quarter, Wall Street now forecasts -26.47 % negative EPS growth.

Old National Bancorp operates as the holding firm for Old National Bank that provides various financial services to individual and commercial clients in the United States. The company has market cap of $2.88 billion. The firm offers deposit accounts, including noninterest-bearing demand, negotiable order of withdrawal, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. It has a 25.4 P/E ratio. It also provides debit and ATM cards, telephone access, and online banking, as well as other electronic and mobile banking services; and cash management, private banking, brokerage, trust, and investment advisory services.

Old National Bancorp (NASDAQ:ONB) Institutional Positions Chart

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