According to The Fly, in a report released today, Andrew Stapp from Hilliard Lyons downgraded Old National Bancorp Capital (NASDAQ: ONB) to Hold. The company’s shares closed yesterday at $17.75.
Stapp has an average return of 4.2% when recommending Old National Bancorp Capital.
According to TipRanks.com, Stapp is ranked #2502 out of 4774 analysts.
Currently, the analyst consensus on Old National Bancorp Capital is Moderate Buy and the average price target is $19.50, representing a 9.9% upside.
In a report issued on April 23, Hovde Group also reiterated a Hold rating on the stock with a $19 price target.
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Based on Old National Bancorp Capital’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $190 million and quarterly net profit of $47.98 million. In comparison, last year the company earned revenue of $163 million and had a net profit of $35.99 million.
Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ONB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Old National Bancorp is financial holding company, which engages in the provision of financial and banking solutions. It operates through the Banking and Insurance business segments.
