Old National Bancorp (ONB) Earning Somewhat Favorable Media Coverage, Report Shows
News articles about Old National Bancorp (NASDAQ:ONB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing 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 daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.7715283308765 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Ex-Dividend Reminder: Old National Bancorp, FNB and Virtu Financial (nasdaq.com)
- Ann Arbor’s Old National Bank grows roster (rejournals.com)
- Old National Bancorp (NASDAQ:ONB): What You Have To Know Before Buying For The Upcoming Dividend (finance.yahoo.com)
- Old National Bancorp (ONB) Announces Quarterly Dividend of $0.13 (americanbankingnews.com)
Old National Bancorp stock opened at $17.95 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.32 and a beta of 0.88. Old National Bancorp has a 52 week low of $15.38 and a 52 week high of $18.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, May 31st. Old National Bancorp’s dividend payout ratio is currently 47.27%.
Several brokerages recently commented on ONB. Zacks Investment Research raised Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Hilliard Lyons lowered Old National Bancorp from a “buy” rating to a “neutral” rating in a research note on Thursday, April 26th. Boenning Scattergood set a $20.00 price target on Old National Bancorp and gave the company a “buy” rating in a research note on Tuesday, April 24th. Hovde Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of Old National Bancorp in a research note on Monday, April 23rd. Finally, ValuEngine lowered Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.25.
In other Old National Bancorp news, Chairman Robert G. Jones sold 49,000 shares of the business’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $17.46, for a total value of $855,540.00. Following the transaction, the chairman now owns 49,000 shares of the company’s stock, valued at $855,540. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.59% of the stock is currently owned by insiders.
Old National Bancorp Company Profile
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.
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