From Seekingalpha · Daniel Jones · · 40s
Old National Bancorp Gets Stock Upgrade
Old National Bancorp moves from Hold to soft Buy as valuation and asset quality improve.
In brief
Old National Bancorp moves from Hold to soft Buy as valuation and asset quality improve. Old National Bancorp is upgraded from Hold to soft Buy due to stronger valuation and asset quality metrics. Originally reported by Seekingalpha.
Stock Upgrade
Old National Bancorp is upgraded from Hold to soft Buy.
Stronger Valuation
Valuation becomes appealing as organic deposit and loan growth signals healthy expansion.
Asset Quality Improves
Asset quality strengthens with commercial real estate growth and lower non-performing assets.
Profitability Boost
Cost-cutting measures drive net income growth despite margin declines.
The essence
Old National Bancorp is upgraded from Hold to soft Buy due to stronger valuation and asset quality metrics.
