Media stories about Old National Bancorp (NASDAQ:ONB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, 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 gave media coverage about the bank an impact score of 46.2584878870699 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
Old National Bancorp (ONB) opened at $17.50 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.86. Old National Bancorp has a 1-year low of $15.38 and a 1-year high of $18.95. The company has a market capitalization of $2,615.09, a price-to-earnings ratio of 24.65 and a beta of 0.90.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). Old National Bancorp had a net margin of 14.10% and a return on equity of 7.80%. The firm had revenue of $163.40 million during the quarter, compared to analyst estimates of $170.13 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. equities research analysts predict that Old National Bancorp will post 1.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Wednesday, February 28th. Old National Bancorp’s dividend payout ratio (DPR) is currently 73.24%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Boenning Scattergood set a $21.00 price objective on Old National Bancorp and gave the company a “buy” rating in a report on Thursday, October 26th. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, ValuEngine lowered Old National Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Old National Bancorp presently has an average rating of “Hold” and an average price target of $19.38.
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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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