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Fly News Breaks for October 8, 2019
ONB
Oct 8, 2019 | 06:57 EDT
As previously reported, Stephens analyst Terry McEvoy downgraded Old National Bancorp to Equal Weight from Overweight with an unchanged price target of $19, primarily due to the stock's strong relative performance compared to other mid-sized Midwest banks. Though the company's low-cost deposit base is valuable, it is tough to make the case for a meaningful reduction in deposit costs going forward, contends McEvoy, who views Old National's current valuation compared to peers as appropriate.
News For ONB From the Last 2 Days
ONB
Apr 24, 2024 | 05:31 EDT
Barclays raised the firm's price target on Old National Bancorp to $21 from $20 and keeps an Overweight rating on the shares. The analyst cites the bank's solid earnings outlook and potential for capital return for the target bump.
ONB
Apr 23, 2024 | 08:04 EDT
Reports Q1 revenue $440.233M, consensus $439.91M. "Old National's positive quarterly results were highlighted by continued growth in our granular, peer-leading deposit franchise, disciplined loan growth, a year-over-year tangible book value increase, and stable credit quality," said Chairman and CEO Jim Ryan. "We accomplished these strong results while driving toward a successful close of our partnership with Nashville-based CapStar Bank."
