Old National Bancorp (ONB) is Downgraded by Raymond James to Mkt Perform

Old National Bancorp (ONB) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Nov 22, 2016.

On the company’s financial health, Old National Bancorp reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.23.Analysts expectations of $ 153.99.During the same quarter in the previous year, the company posted $0.26 EPS.

Old National Bancorp opened for trading at $17.2 and hit $17.35 on the upside on Monday, eventually ending the session at $17.3, with a gain of 1.17% or 0.2 points. The heightened volatility saw the trading volume jump to 7,53,597 shares. Company has a market cap of $2,335 M.

In a different news, on Nov 3, 2016, Kendra L Vanzo (ASSOC ENGAGEMENT & INTEGRATION) purchased 1,000 shares at $14.35 per share price. According to the SEC, on Aug 18, 2016, Daryl D Moore (EXECUTIVE VICE PRES AND CCO) sold 33,442 shares at $13.80 per share price. On Aug 17, 2016, James T Morris (director) purchased 500 shares at $13.67 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Old National Bancorp

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