Old National Bancorp (ONB) Receives Price Target

Old National Bancorp (ONB) : 8 investment research analysts covering Old National Bancorp (ONB) have an average price target of $13.56 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $13 for the short term. Analysts expect the variance to be within $0.42 of the average price.

Old National Bancorp (ONB) : 8 analysts are covering Old National Bancorp (ONB) and their average rating on the stock is 2.88, which is read as a Hold. Old National Bancorp (ONB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Hovde Group initiates coverage on Old National Bancorp (NASDAQ:ONB). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on August 3, 2016.

Old National Bancorp (NASDAQ:ONB): The stock opened at $14.20 on Thursday but the bulls could not build on the opening and the stock topped out at $14.25 for the day. The stock traded down to $13.97 during the day, due to lack of any buying support eventually closed down at $14.09 with a loss of -0.49% for the day. The stock had closed at $14.16 on the previous day. The total traded volume was 791,182 shares.

Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned 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, it provides insurance brokerage services and other financial services. It operates in two segments: banking, which consists of lending and depository activities along with cash management, private banking, brokerage, trust and investment advisory services, and insurance, which offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. Old National Bank provides a range of services, including commercial and consumer loan and depository services, lease financing and other traditional banking services.

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