Old National Bancorp Capital Gets a Hold Rating from Jefferies

By Carrie Williams

Jefferies analyst Ken Usdin reiterated a Hold rating on Old National Bancorp Capital (NASDAQ: ONB) yesterday and set a price target of $18. The company’s shares closed yesterday at $16.40.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Discover Financial Services, and Gladstone Investment Corp.

Currently, the analyst consensus on Old National Bancorp Capital is Hold and the average price target is $18.25, representing an 11.3% upside.

In a report issued on September 11, KBW also reiterated a Hold rating on the stock with a $18 price target.

Old National Bancorp Capital’s market cap is currently $2.22B and has a P/E ratio of 15.42. The company has a book value ratio of 1.1780.

Based on the recent corporate insider activity of 162 insiders, corporate insider sentiment is negative on the stock.

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Old National Bancorp operates as financial holding company engages in the provision of financial and banking solutions. It operates through the Banking and Insurance segments.