Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Old National Bancorp (NASDAQ:ONB) Stock Price

News stories about Old National Bancorp (NASDAQ:ONB) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old National Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.8759809673489 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Old National Bancorp (NASDAQ:ONB) remained flat at $$18.25 on Friday. 1,120,000 shares of the stock traded hands, compared to its average volume of 674,513. Old National Bancorp has a one year low of $15.38 and a one year high of $18.95. The stock 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 issued its earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $154.84 million during the quarter, compared to analyst estimates of $152.48 million. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. During the same quarter in the prior year, the firm earned $0.25 earnings per share. sell-side analysts expect that Old National Bancorp will post 1.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, November 30th. Old National Bancorp’s dividend payout ratio is currently 47.71%.

ONB has been the subject of several research reports. ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Friday. Boenning Scattergood started coverage on shares of Old National Bancorp in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $20.50 price target for the company. Jefferies Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a report on Friday, August 11th. BidaskClub cut Old National Bancorp from a “buy” rating to a “hold” rating in a research note 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 target price on the stock in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Old National Bancorp presently has a consensus rating of “Hold” and a consensus target price of $18.92.

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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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