ETRADE Capital Management LLC decreased its holdings in Old National Bancorp (NASDAQ:ONB) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,815 shares of the bank’s stock after selling 6,364 shares during the period. ETRADE Capital Management LLC’s holdings in Old National Bancorp were worth $363,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ONB. Advisor Group Inc. grew its position in shares of Old National Bancorp by 219.1% in the 3rd quarter. Advisor Group Inc. now owns 9,921 shares of the bank’s stock valued at $181,000 after buying an additional 6,812 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Old National Bancorp by 7.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,821 shares of the bank’s stock valued at $187,000 after purchasing an additional 717 shares during the period. Adviser Investments LLC acquired a new position in shares of Old National Bancorp in the 3rd quarter valued at about $212,000. 361 Capital LLC acquired a new position in shares of Old National Bancorp in the 3rd quarter valued at about $213,000. Finally, Columbia Asset Management lifted its stake in shares of Old National Bancorp by 4.0% in the 2nd quarter. Columbia Asset Management now owns 12,478 shares of the bank’s stock valued at $215,000 after purchasing an additional 478 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.
Old National Bancorp (NASDAQ ONB) opened at $17.85 on Wednesday. Old National Bancorp has a twelve month low of $15.38 and a twelve month high of $18.95. The firm has a market capitalization of $2,398.76, a price-to-earnings ratio of 15.26 and a beta of 1.03. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.
Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $154.84 million during the quarter, compared to analyst estimates of $152.48 million. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. During the same period in the prior year, the company earned $0.25 earnings per share. equities research analysts predict that Old National Bancorp will post 1.08 EPS for the current year.
The firm 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.91%. Old National Bancorp’s dividend payout ratio (DPR) is presently 47.71%.
A number of research analysts recently weighed in on ONB shares. Zacks Investment Research downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. BidaskClub raised Old National Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. UBS raised Old National Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 19th. Jefferies Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a report on Friday, September 15th. Finally, ValuEngine lowered Old National Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.92.
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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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