The stock of Old National Bancorp (NASDAQ:ONB) is a huge mover today! About 801,097 shares traded hands or 20.61% up from the average. Old National Bancorp (NASDAQ:ONB) has risen 17.87% since March 29, 2016 and is uptrending. It has outperformed by 14.39% the S&P500.
The move comes after 8 months positive chart setup for the $1.99B company. It was reported on Oct, 31 by Barchart.com. We have $20.50 PT which if reached, will make NASDAQ:ONB worth $776.10M more.
Old National Bancorp (NASDAQ:ONB) Ratings Coverage
Out of 5 analysts covering Old National Bancorp (NASDAQ:ONB), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Old National Bancorp has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Stephens on Tuesday, August 4 with “Overweight”. As per Monday, July 11, the company rating was initiated by Piper Jaffray. Raymond James upgraded Old National Bancorp (NASDAQ:ONB) on Tuesday, March 29 to “Outperform” rating. On Tuesday, August 2 the stock rating was maintained by Wood with “Market Perform”.
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)”
Insitutional Activity: The institutional sentiment increased to 2.47 in Q2 2016. Its up 0.66, from 1.81 in 2016Q1. The ratio is positive, 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.
Donaldson Cap Mgmt Limited Co has 230,799 shares for 0.4% of their US portfolio. Blackrock Inv Management Limited Company last reported 601,840 shares in the company. Arizona State Retirement System holds 0.01% of its portfolio in Old National Bancorp (NASDAQ:ONB) for 70,036 shares. Ngam Advsrs Lp last reported 0.04% of its portfolio in the stock. Moreover, New York State Common Retirement Fund has 0% invested in Old National Bancorp (NASDAQ:ONB) for 135,783 shares. First Mercantile Company has invested 0.02% of its portfolio in Old National Bancorp (NASDAQ:ONB). Independent Consultants owns 69,470 shares or 0.27% of their US portfolio. Wedge L Lp Nc owns 500,209 shares or 0.17% of their US portfolio. D E Shaw & Com has 127,671 shares for 0% of their US portfolio. Phillips Financial Limited Co holds 26,391 shares or 0.09% of its portfolio. Tiaa Cref Mngmt Ltd Liability Com, a New York-based fund reported 419,734 shares. Balyasny Asset Limited Co owns 616,300 shares or 0.05% of their US portfolio. Macquarie Grp Ltd has invested 0.04% of its portfolio in Old National Bancorp (NASDAQ:ONB). Engineers Gate Manager Lp has 0.1% invested in the company for 116,610 shares. Rhumbline Advisers reported 199,052 shares or 0.01% of all its holdings.
Insider Transactions: Since May 5, 2016, the stock had 4 buys, and 3 selling transactions for $308,141 net activity. MOORE DARYL D also sold $461,490 worth of Old National Bancorp (NASDAQ:ONB) shares. The insider ELLERBROOK NIEL C bought 15,000 shares worth $190,200. Skillman Rebecca S bought 1,800 shares worth $24,759. 3,000 shares were sold by Wolking Christopher A, worth $39,510. $6,835 worth of Old National Bancorp (NASDAQ:ONB) shares were bought by Morris James T. Shepard Randall T bought $12,285 worth of Old National Bancorp (NASDAQ:ONB) on Friday, May 13.
More news for Old National Bancorp (NASDAQ:ONB) were recently published by: Reuters.com, which released: “BRIEF-Old National Bancorp reports Q3 earnings per share $0.25” on October 31, 2016. Prnewswire.com‘s article titled: “Research Reports Coverage on Banking Stocks — Old National Bancorp …” and published on October 28, 2016 is yet another important article.
ONB Company Profile
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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