Old National Bancorp (ONB) Receiving Somewhat Favorable Media Coverage, Accern Reports

Headlines about Old National Bancorp (NASDAQ:ONB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Old National Bancorp earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.5277154574346 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of brokerages have issued reports on ONB. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target on shares of Old National Bancorp in a report on Tuesday, February 27th. Boenning Scattergood set a $21.00 price target on Old National Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 24th. ValuEngine raised Old National Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Hilliard Lyons raised Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.38.

Shares of Old National Bancorp (ONB) opened at $17.85 on Friday. The stock has a market capitalization of $2,714.29, a PE ratio of 25.14 and a beta of 0.87. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.86. Old National Bancorp has a fifty-two week low of $15.38 and a fifty-two week high of $18.88.

Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). Old National Bancorp had a net margin of 14.10% and a return on equity of 7.80%. The firm had revenue of $163.40 million during the quarter, compared to analysts’ expectations of $170.13 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. sell-side analysts predict that Old National Bancorp will post 1.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, February 28th. Old National Bancorp’s payout ratio is currently 73.24%.

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About Old National Bancorp

Old National Bancorp 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. The Company focuses on community banking.

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