Citadel Advisors LLC lessened its stake in Old National Bancorp (NASDAQ:ONB) by 66.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,349 shares of the bank’s stock after selling 85,181 shares during the period. Citadel Advisors LLC’s holdings in Old National Bancorp were worth $793,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Old National Bancorp by 11.4% during the 2nd quarter. Wells Fargo & Company MN now owns 223,737 shares of the bank’s stock worth $3,860,000 after acquiring an additional 22,984 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Old National Bancorp during the 2nd quarter worth about $505,000. Teacher Retirement System of Texas grew its holdings in Old National Bancorp by 7.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,821 shares of the bank’s stock worth $187,000 after acquiring an additional 717 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Old National Bancorp by 52.5% during the 2nd quarter. Flinton Capital Management LLC now owns 19,346 shares of the bank’s stock worth $334,000 after acquiring an additional 6,664 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Old National Bancorp by 52.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,778 shares of the bank’s stock worth $721,000 after acquiring an additional 14,441 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on ONB. Boenning Scattergood set a $21.00 target price on shares of Old National Bancorp and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research cut shares of Old National Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Piper Jaffray Companies began coverage on shares of Old National Bancorp in a report on Friday, October 6th. They issued a “neutral” rating and a $19.00 price target on the stock. BidaskClub upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, ValuEngine upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.92.
Shares of Old National Bancorp (NASDAQ ONB) opened at $17.85 on Friday. Old National Bancorp has a 1-year low of $15.38 and a 1-year high of $18.95. The firm has a market cap of $2,412.31, a PE ratio of 15.35 and a beta of 1.03. 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 (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $154.84 million for the quarter, compared to analysts’ expectations of $152.48 million. Old National Bancorp had a net margin of 21.61% and a return on equity of 8.39%. During the same period last year, the business earned $0.25 EPS. sell-side analysts predict that Old National Bancorp will post 1.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, November 30th. Old National Bancorp’s payout ratio is currently 47.71%.
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Old National Bancorp Company Profile
Old National Bancorp is a financial holding company. 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. The Company focuses on community banking.
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