Old National Bancorp (NYSE:ONB)
The Company, through its wholly owned banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, investment and brokerage services, lease financing and other traditional banking services.
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love the % increases in both earnings & revenues over the last few quarters
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This bank has got it all together. Conservative and profitable. A great portfolio anchor and dividend work horse. Look at those insiders buy buy buy.
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ONB was not involved in the Sub Prime lending. They are a solid, profitable, bank There growth is slow by design but, it is strong for it's size. Their growth should continue at it's same level in the next few years as it has inthe past several years. The bank has had an excellent dividend return for many years and I believe that will continue.
Recs
With a name like "Old National Bank" how can it fail. I picture old fatherly gentlemen doling out the loans.
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This stock is way overvalued using valuation techniques...PEG is at an unhealthy 2.6. Short Ratio of 17.1 shows that short sellers are poised to see a large drop. Short sellers owning that large of a portion of the outstanding shares generally can't be good for a company.
Look for them to underperform for the next year or so.
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