Hovde Group resumed coverage of Old National Bancorp with a rating of Outperform and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2024 | $20.00 | Outperform | Hovde Group |
| 3/8/2024 | $20.00 | Overweight | Barclays |
| 12/1/2023 | $17.00 | Buy | Citigroup |
| 7/10/2023 | $14.50 → $15.50 | Neutral → Buy | UBS |
| 3/15/2023 | $16.00 | Neutral | UBS |
| 5/13/2022 | $19.00 | Equal-Weight → Overweight | Stephens |
| 1/19/2022 | $20.00 → $21.00 | Sector Perform | RBC Capital |
| 12/20/2021 | $22.00 | Mkt Perform → Outperform | Keefe Bruyette |
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8-K - OLD NATIONAL BANCORP /IN/ (0000707179) (Filer)
EVANSVILLE, Ind. and ST. PAUL, Minn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) ("Old National") and Bremer Financial Corporation ("BFC" or "Bremer") jointly announced today that they entered into a definitive merger agreement. Founded in 1943, BFC is the bank holding company for Bremer Bank. As of September 30, 2024, Bremer had $16.2 billion in total assets, $11.5 billion in total loans, and $13.2 billion in deposits. After the partnership is completed, Old National will become the third-largest bank in the Twin Cities. In addition, the partnership expands Old National's reach into several other vibrant markets throughout Minnesota, North Dakota and Wisconsin. O
EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (the "Company" or "Old National") today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on December 16, 2024, to shareholders of record as of the close of business on December 5, 2024. In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40th interest per share) on Old National's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ:ONBPP) and Series C (NASDAQ:ONBPO). The
EVANSVILLE, Ind., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) reports 3Q24 net income applicable to common shares of $139.8 million, diluted EPS of $0.44; $147.2 million and $0.46 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's strong 3rd quarter was driven by a focus on our fundamentals: continuing to grow deposits and loans, effectively managing both credit and capital, and creating positive operating leverage through disciplined expense management," said Chairman and CEO Jim Ryan. "As a result of our ability to execute on this fundamental strategy, we find ourselves well positioned to continue to in
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EVANSVILLE, Ind., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) ("Old National") today announced the pricing of an underwritten public offering of 19,047,619 shares of its common stock, no par value (the "Common Stock"), at a public offering price of $21.00 per share (before underwriting discounts and commissions), for an aggregate offering amount of $400 million. The approximate net proceeds of the offering will be $384 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and assuming full physical settlement of the forward sale agreement at the initial forward price) in connection with the forward sa
EVANSVILLE, Ind. and ST. PAUL, Minn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) ("Old National") and Bremer Financial Corporation ("BFC" or "Bremer") jointly announced today that they entered into a definitive merger agreement. Founded in 1943, BFC is the bank holding company for Bremer Bank. As of September 30, 2024, Bremer had $16.2 billion in total assets, $11.5 billion in total loans, and $13.2 billion in deposits. After the partnership is completed, Old National will become the third-largest bank in the Twin Cities. In addition, the partnership expands Old National's reach into several other vibrant markets throughout Minnesota, North Dakota and Wisconsin. O
EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (the "Company" or "Old National") today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on December 16, 2024, to shareholders of record as of the close of business on December 5, 2024. In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40th interest per share) on Old National's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ:ONBPP) and Series C (NASDAQ:ONBPO). The
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Hovde Group resumed coverage of Old National Bancorp with a rating of Outperform and set a new price target of $20.00
Barclays initiated coverage of Old National Bancorp with a rating of Overweight and set a new price target of $20.00
Citigroup initiated coverage of Old National Bancorp with a rating of Buy and set a new price target of $17.00
RBC Capital analyst Jon Arfstrom maintains Old National (NASDAQ:ONB) with a Sector Perform and raises the price target from $19 to $22.
Old National (NASDAQ:ONB) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.44 by 4.55 percent. This is a 14.81 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $475.69 million which beat the analyst consensus estimate of $473.79 million by 0.40 percent. This is a 2.56 percent increase over sales of $463.80 million the same period last year.
During the last three months, 4 analysts shared their evaluations of Old National (NASDAQ:ONB), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $20.25, a high estimate of $22.00, and a low estim
EVANSVILLE, Ind., Feb. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp ("Old National"), has announced the appointment of John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking. With an extensive background in the banking industry spanning more than 30 years, Thurston has a proven track record of developing and implementing business strategies, as well as leading teams to grow relationships and deliver strong financial results. In his new role, Thurston will be responsible for leading and overseeing teams within Old National's Corporate Banking business segment with a focus on
EVANSVILLE, Ind., May 03, 2022 (GLOBE NEWSWIRE) -- Old National Bank (NASDAQ:ONB) today announced it has appointed six Market Presidents across its Illinois footprint: MarketMarket PresidentChicago Metropolitan (City of Chicago)Mike Jamieson, Vice Chairman of Commercial BankingChicago Southside (Southside of Chicago and Southern Suburbs, Parts of Eastern Will County)Bob Kelly, Director of Business BankingNorthern Chicago Suburbs (Lake and McHenry Counties)Connie Lavin, Group Head, Business BankingWestern Chicago Suburbs (DuPage, Kane and DeKalb Counties) and Quad CitiesRick Mahoney, Group Head, Business BankingSouthwest Chicago Suburbs (Grundy and Will Counties)Bob Diedrich, Senior Manager