Analyst Price Target Update on Old National Bancorp (NASDAQ:ONB)

Old National Bancorp (NASDAQ:ONB): The mean short term price target for Old National Bancorp (NASDAQ:ONB) has been established at $13.4 per share. The higher price target estimate is at $14 and the lower price target estimate is expected at $13 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.42

Many analysts have stated their opinion on the company shares. Equity Analysts at the Raymond James upgrades the rating on Old National Bancorp (NASDAQ:ONB). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on March 29, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SEVP – CFO) of Old National Bancorp /In/, Wolking Christopher A had sold 3,000 shares worth of $39,510 in a transaction dated May 31, 2016. In this transaction, 3,000 shares were sold at $13.17 per share.

Old National Bancorp (NASDAQ:ONB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.16 points or 1.24% at $12.76 with 1,274,374 shares getting traded. Post opening the session at $12.87, the shares hit an intraday low of $12.73 and an intraday high of $13.05 and the price was in this range throughout the day. The company has a market cap of $1,459 million and the number of outstanding shares have been calculated to be 114,352,000 shares. The 52-week high of Old National Bancorp (NASDAQ:ONB) is $15 and the 52-week low is $10.685.

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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