Analyst Rating Update on Old National Bancorp (ONB)

Old National Bancorp (NASDAQ:ONB) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 6 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Old National Bancorp (NASDAQ:ONB) : Currently there are 5 street experts covering Old National Bancorp (NASDAQ:ONB) stock. The most bullish and bearish price target for the stock is $14 and $13 respectively for the short term. The average price target of all the analysts comes to $13.4. The estimated standard deviation from the target is $0.42.

Company shares have received an average consensus rating of Hold for the current week

Old National Bancorp (NASDAQ:ONB): stock turned positive on Tuesday. Though the stock opened at $11.91, the bulls momentum made the stock top out at $12.0999 level for the day. The stock recorded a low of $11.75 and closed the trading day at $11.93, in the green by 2.14%. The total traded volume for the day was 1,200,627. The stock had closed at $11.68 in the previous days trading.

In an insider trading activity,The officer (SEVP – CFO) of Old National Bancorp /In/, Wolking Christopher A sold 3,000 shares at $13.17 on May 31, 2016. The Insider selling transaction had a total value worth of $39,510. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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