November 28, 2016 - By olga
Today, the CHAIRMAN AND CEO of Old National Bancorp, Mr. Robert Jones, made a sale of amount of shares – 20,008, amounting to $348,439 U.S. Dollars, at an average $17.4 for share. Currently, Mr. Robert, has 10,918 shares, which accounts for 10%+ of the Company’s market cap. Robert completed this transaction on November 28, 2016. The Form 4 is at your disposal for a review here at the SEC website.
Out of 5 analysts covering Old National Bancorp (NASDAQ:ONB), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $16 is the highest target while $13.50 is the lowest. The $14.75 average target is -15.23% below today’s ($17.4) stock price. Old National Bancorp has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Tuesday, November 22 by Raymond James. The firm has “Market Perform” rating given on Tuesday, August 2 by Wood. The rating was initiated by Piper Jaffray on Monday, July 11 with “Neutral”. The stock of Old National Bancorp (NASDAQ:ONB) earned “Overweight” rating by Stephens on Tuesday, August 4. The rating was upgraded by Raymond James on Tuesday, March 29 to “Outperform”.
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 1.43, from 2.47 in 2016Q1. The ratio is negative, as 13 funds sold all Old National Bancorp shares owned while 36 reduced positions. 27 funds bought stakes while 94 increased positions. They now own 92.57 million shares or 15.40% more from 80.22 million shares in 2016Q1.
Rothschild Asset Mgmt accumulated 0.14% or 616,965 shares. Suntrust Banks Inc holds 0% of its portfolio in Old National Bancorp (NASDAQ:ONB) for 20,244 shares. Netols Asset Mngmt Incorporated, a Wisconsin-based fund reported 433,963 shares. Jpmorgan Chase And Company has 155,627 shares for 0% of their US portfolio. Private Ltd Limited Liability Company last reported 554,749 shares in the company. Sit Associate has 6,350 shares for 0% of their US portfolio. Raymond James Advisors last reported 0% of its portfolio in the stock. Independent Consultants holds 0.27% of its portfolio in Old National Bancorp (NASDAQ:ONB) for 69,470 shares. Jcsd Ltd Llc holds 4.4% of its portfolio in Old National Bancorp (NASDAQ:ONB) for 319,545 shares. Ameriprise Inc holds 1.18 million shares or 0.01% of its portfolio. State Street Corporation accumulated 0% or 3.40M shares. Profund Advisors Ltd holds 43,228 shares or 0.03% of its portfolio. Phillips Fincl Limited Co, a Indiana-based fund reported 26,391 shares. Public Employees Retirement Association Of Colorado last reported 31,105 shares in the company. Moreover, Deutsche Bancorporation Ag has 0% invested in Old National Bancorp (NASDAQ:ONB) for 213,654 shares.
Insider Transactions: Since May 31, 2016, the stock had 3 insider purchases, and 2 sales for $456,771 net activity. On Wednesday, November 2 the insider Vanzo Kendra L bought $14,345. Wolking Christopher A also sold $41,220 worth of Old National Bancorp (NASDAQ:ONB) on Tuesday, August 9. Skillman Rebecca S bought 1,800 shares worth $24,759. 500 shares were bought by Morris James T, worth $6,835. 33,442 Old National Bancorp (NASDAQ:ONB) shares with value of $461,490 were sold by MOORE DARYL D.
Old National Bancorp (NASDAQ:ONB) has risen 34.13% since April 25, 2016 and is uptrending. It has outperformed by 28.11% the S&P500.
Old National Bancorp is a financial holding company. The company has a market cap of $2.34 billion. 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. It has a 16.15 P/E ratio. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services.
According to Zacks Investment Research, “Old National Bancorp is a bank holding company that operates banking offices and ATMs throughout Indiana, Illinois, Ohio, Kentucky, and Tennessee. Through various subsidiaries, Old National provides a broad range of banking services as well as trust and investment management services, insurance brokerage services for both individuals and companies, and investment products. (Company Press Release)”
Analysts await Old National Bancorp (NASDAQ:ONB) to report earnings on February, 6. They expect $0.26 EPS, up 4.00% or $0.01 from last year’s $0.25 per share. ONB’s profit will be $34.97 million for 16.73 P/E if the $0.26 EPS becomes a reality. After $0.28 actual EPS reported by Old National Bancorp for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.
More news for Old National Bancorp (NASDAQ:ONB) were recently published by: Seekingalpha.com, which released: “Old National Bancorp: Sluggish Outlook” on November 01, 2016. Reuters.com‘s article titled: “BRIEF-Old National Bancorp says unit entered into 4 purchase agreements fo..” and published on November 21, 2016 is yet another important article.
Old National Bancorp, incorporated on July 19, 1982, 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. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services. The Firm operates in two divisions: banking and insurance.
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