TipRanksStock Market NewsONB NewsOld National Bancorp Capital (ONB) Receives a Hold from RBC Capital

Old National Bancorp Capital (ONB) Receives a Hold from RBC Capital

RBC Capital analyst Jon Arfstrom maintained a Hold rating on Old National Bancorp Capital (ONBResearch Report) on April 26 and set a price target of $18.00. The company’s shares closed last Wednesday at $15.25, close to its 52-week low of $14.93.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 22.7% and a 54.4% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Discover Financial Services.

The word on The Street in general, suggests a Hold analyst consensus rating for Old National Bancorp Capital with a $18.00 average price target.

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Based on Old National Bancorp Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $198 million and net profit of $56.19 million. In comparison, last year the company earned revenue of $220 million and had a net profit of $74.12 million.

Based on the recent corporate insider activity of 121 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. The Community Banking segment provides a range of services products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust, and investment advisory services. The company was founded in 1982 and is headquartered in Evansville, IN.

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