Price Target Analysis Valley National Bancorp (VLY)

According to Zacks, "Old National Bancorp is a bank holding company that operates banking offices and ATMs throughout Indiana, Illinois, Ohio, Kentucky, and Tennessee".

A number of other research firms have also recently weighed in on ONB. BidaskClub downgraded shares of Valley National Bancorp from a "sell" rating to a "strong sell" rating in a research report on Monday, July 31st. Piper Jaffray Companies reaffirmed a hold rating and set a $18.00 price target on shares of Old National Bancorp in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Valley National Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, August 1st.

Shares of Valley National Bancorp (NYSE:VLY) traded up 0.27% in the last session while performance was up 11.03% in the last five days. The company has an average rating of Hold and an average price target of $18.92.

Shares of Old National Bancorp (ONB) opened at $17.15 on Friday. The volume of ALLY witnessed a shift from 2.2 million shares, based on a 50-day average, to 3.14 million shares. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.85. Old National Bancorp has a one year low of $15.38 and a one year high of $18.95.

Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The firm had revenue of $154.84 million for the quarter, compared to analysts' expectations of $152.48 million. Valley National Bancorp had a return on equity of 8.27% and a net margin of 19.91%. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.65 per share for the year, down from their prior estimate of $0.67. If you are reading this piece on another domain, it was illegally copied and republished in violation of U.S. and global copyright and trademark legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/14/old-national-bancorp-onb-lowered-to-hold-at-valuengine.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.13 per share. It last reported revenues of $190.94 million and EPS of $0.17 for the September 2017, representing 7% top-line growth and 0.16 EPS growth. The ex-dividend date of this dividend is Thursday, November 30th.

ILLEGAL ACTIVITY WARNING: "Old National Bancorp (ONB) Lowered to "Hold" at ValuEngine" was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Advisor Group Inc. increased its position in Old National Bancorp by 219.1% during the third quarter. They expect this year's earnings to rise 5.09% year-over-year to $2.27, followed by 14.54% growth in the next year to $2.6. OppenheimerFunds Inc. grew its position in Old National Bancorp by 35.3% in the first quarter. Teacher Retirement System of Texas now owns 10,821 shares of the bank's stock worth $187,000 after buying an additional 717 shares in the last quarter. Teachers Advisors LLC now owns 1,940,103 shares of the financial services provider's stock worth $22,893,000 after buying an additional 1,500,161 shares in the last quarter. Finally, Adviser Investments LLC purchased a new position in Old National Bancorp during the third quarter worth $212,000. UBS Asset Management Americas Inc. now owns 82,411 shares of the bank's stock valued at $1,430,000 after purchasing an additional 5,861 shares during the period.

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services.