26 July, 2017
The mean target of $12.50 should be compared with the price when the stock was languishing around $8.90 a share. The institutional investor owned 22,475 shares of the financial services provider's stock after buying an additional 10,492 shares during the period. NY increased its stake in Old National Bancorp by 1.0% in the first quarter. It looks like traders are not happy with the stock. The SI to Valley National Bancorp's float is 7.48%. It has outperformed by 12.19% the S&P500. After $0.17 actual EPS reported by Valley National Bancorp for the previous quarter, Wall Street now forecasts 5.88% EPS growth. The stock declined 0.74% or $0.09 reaching $11.34 on the news. About 715,035 shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since July 25, 2016 and is uptrending. It has underperformed by 7.01% the S&P500.
In other Old National Bancorp news, insider John R. Kamin sold 7,332 shares of the stock in a transaction that occurred on Monday, July 17th.
Since the start of the New Year, Valley National Bancorp (NYSE:VLY) shares have seen a move of 3.01%.
Among 6 analysts covering Valley National Bancorp (NYSE:VLY), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Nomura Asset reported 0% in Valley National Bancorp (NYSE:VLY). With 1.75 million avg volume, 11 days are for Valley National Bancorp (NYSE:VLY)'s short sellers to cover VLY's short positions. As per Tuesday, August 4, the company rating was initiated by Stephens.
ONB has been the topic of several research reports. RBC Capital Markets maintained the shares of VLY in report on Thursday, January 28 with "Sector Perform" rating. Keefe, Bruyette & Woods reaffirmed a "hold - neutral" rating on shares of Old National Bancorp in a research note on Monday, June 12th. A rating of 3 would signify a consensus Hold recommendation. On Wednesday, February 15 the insider Sandgren James A sold $223,200. Based on the stock's volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 2.23% and month of 2.01%.
Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, April 25th. VLY's profit would be $48.29 million giving it 17.08 P/E if the $0.18 EPS is correct. On average, equities analysts predict that Old National Bancorp will post $1.06 earnings per share for the current year.
Victory Mngmt Inc reported 50,444 shares. Its up 0.17, from 1.04 in 2016Q3. The shares were bought at an average price of $16.70 per share, with a total value of $36,740.00. 39 funds opened positions while 74 raised stakes.
The holding company for Old National Bank posted revenue of $167.5 million in the period. Raymond James Associate has 225,108 shares for 0.01% of their portfolio. Liberty Mutual Group Asset Mgmt holds 0.05% or 109,399 shares. Valley National Bancorp (NYSE:VLY) notched a 12-month high of $12.50 while $14.00 target is by far the most aggressive out of analysts who are now evaluating VLY, $1.5 higher than the next highest 52-week price estimate.
A number of other hedge funds have also modified their holdings of ONB. Tiaa Cref Management Limited owns 703,748 shares for 0.01% of their portfolio. Lynch In owns 15,236 shares.
Old National Bancorp (NASDAQ:ONB) pays an annual dividend of Community Ranking: with a yield of 3.10%. Blackrock Fund Advsrs owns 418,005 shares for 0% of their portfolio. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately.
COPYRIGHT VIOLATION NOTICE: "BidaskClub Upgrades Old National Bancorp (NASDAQ:ONB) to "Hold" was published by Sports Perspectives and is the sole property of of Sports Perspectives. "Overweight" signal suggested by "0" Analysts and "Underweight" rating was reported by "0" Analysts. First Tru reported 17,295 shares. "AES Corp., Companhia ..." on July 06, 2017. Its down 0.37% from 161,000 shares previously. North Star Investment Management Corp. boosted its stake in shares of Old National Bancorp by 25.2% in the first quarter. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Caterpillar Inc. had 62 analyst reports since July 27, 2015 according to SRatingsIntel. The company has market cap of $3.33 billion. The company was maintained on Monday, April 4 by Credit Suisse. The firm has "Hold" rating given on Monday, October 19 by Argus Research. The company was upgraded on Tuesday, October 11 by Goldman Sachs. Piper Jaffray had a markedly different take on 08/08/2016, proposing that VLY is now considered Neutral versus prior Overweight rating.
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