Seeking Alpha

Old National and First Financial boosted by upgrades

  • A couple of acquisitive banks rate upgrades to Buy today, with Sandler O'Neill boosting Old National Bancorp (ONB +2.7%) and BB&T lifting First Financial Holdings (SCBT +2.7%).
  • "It's tough to break old habits," wrote SA Pro's Stephen Rosenman in a bearish essay Old National one month ago. The bank has been overpaying for acquisitions for decades and can't seem to stop.
Comments (1)
  • Old national is staid, much like a money market in the market and is well managed, serving Indiana and now the poor part of Michigan, unfortunately.
    21 Feb, 03:03 PM Reply Like
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