Barclays PLC Raises Holdings in Old National Bancorp (NASDAQ:ONB)

Barclays PLC grew its stake in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 867,667 shares of the bank's stock after buying an additional 28,163 shares during the period. Barclays PLC owned 0.27% of Old National Bancorp worth $18,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Old National Bancorp by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 33,921,274 shares of the bank's stock valued at $736,261,000 after purchasing an additional 290,005 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Old National Bancorp by 923.4% during the 4th quarter. Wellington Management Group LLP now owns 8,724,893 shares of the bank's stock worth $189,374,000 after acquiring an additional 7,872,318 shares during the last quarter. Victory Capital Management Inc. grew its position in Old National Bancorp by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 7,551,228 shares of the bank's stock worth $163,899,000 after acquiring an additional 326,135 shares in the last quarter. William Blair Investment Management LLC increased its stake in Old National Bancorp by 172.1% in the fourth quarter. William Blair Investment Management LLC now owns 5,493,490 shares of the bank's stock valued at $119,236,000 after acquiring an additional 3,474,578 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in Old National Bancorp by 12.4% during the fourth quarter. Channing Capital Management LLC now owns 4,618,462 shares of the bank's stock valued at $100,244,000 after purchasing an additional 509,028 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stephens reiterated an "overweight" rating and set a $27.00 price objective on shares of Old National Bancorp in a research report on Monday, April 14th. Barclays decreased their price target on shares of Old National Bancorp from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised shares of Old National Bancorp from a "sell" rating to a "hold" rating in a research note on Wednesday. Raymond James lowered their price target on shares of Old National Bancorp from $29.00 to $27.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Citigroup reduced their price objective on Old National Bancorp from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Old National Bancorp currently has an average rating of "Moderate Buy" and an average target price of $25.63.

Old National Bancorp Stock Up 0.1 %

Shares of ONB traded up $0.03 during mid-day trading on Friday, reaching $20.96. The company had a trading volume of 652,073 shares, compared to its average volume of 2,456,673. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 12.48 and a beta of 0.82. The firm has a 50-day moving average price of $20.97 and a 200 day moving average price of $21.48. Old National Bancorp has a 52 week low of $15.60 and a 52 week high of $24.49.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. The business had revenue of $486.87 million for the quarter, compared to the consensus estimate of $478.37 million. On average, sell-side analysts forecast that Old National Bancorp will post 2.08 EPS for the current year.

Old National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.67%. Old National Bancorp's dividend payout ratio is currently 32.56%.

Old National Bancorp Company Profile

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.