Old National Bancorp (ONB) Receives Analyst Rating

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.

Old National Bancorp (ONB) : The highest level Old National Bancorp (ONB) is projected to reach is $14 for the short term and the lowest estimate is at $13. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $13.56 and the possibility the share price can swing is $0.42.


Also, Hovde Group initiates coverage on Old National Bancorp (NASDAQ:ONB). The rating major has initiated the coverage with market perform rating on the shares. The rating by the firm was issued on August 3, 2016.

Old National Bancorp (NASDAQ:ONB): After opening at $13.64, the stock dipped to an intraday low of $13.61 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.8 and the buying power remained strong till the end. The stock closed at $13.76 for the day, a gain of 0.66% for the day session. The total traded volume was 528,096. The stocks close on the previous trading day was $13.67.

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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