BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes Position in Old National Bancorp (NASDAQ:ONB)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Old National Bancorp (NASDAQ:ONB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 433,708 shares of the bank's stock, valued at approximately $8,093,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.14% of Old National Bancorp at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ONB. GAMMA Investing LLC raised its holdings in shares of Old National Bancorp by 194.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,521 shares of the bank's stock valued at $26,000 after purchasing an additional 1,005 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Old National Bancorp by 1,766.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank's stock worth $26,000 after acquiring an additional 1,325 shares in the last quarter. HHM Wealth Advisors LLC bought a new position in shares of Old National Bancorp during the 2nd quarter worth approximately $28,000. LRI Investments LLC bought a new position in shares of Old National Bancorp during the 1st quarter worth approximately $48,000. Finally, Quest Partners LLC bought a new position in shares of Old National Bancorp during the 3rd quarter worth approximately $91,000. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

ONB has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Old National Bancorp from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. StockNews.com upgraded shares of Old National Bancorp from a "sell" rating to a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Old National Bancorp currently has an average rating of "Moderate Buy" and an average price target of $20.43.

Old National Bancorp Stock Performance

Old National Bancorp stock traded up $1.29 during mid-day trading on Monday, reaching $22.94. 12,773,230 shares of the company traded hands, compared to its average volume of 2,116,104. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.92. Old National Bancorp has a fifty-two week low of $14.32 and a fifty-two week high of $23.76. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.90 and a beta of 0.82. The firm's fifty day moving average is $19.63 and its two-hundred day moving average is $18.52.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Old National Bancorp had a net margin of 17.93% and a return on equity of 10.10%. The business had revenue of $485.86 million for the quarter, compared to analyst estimates of $482.20 million. During the same quarter in the prior year, the business posted $0.51 EPS. Old National Bancorp's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Old National Bancorp will post 1.84 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, December 5th. Old National Bancorp's dividend payout ratio (DPR) is currently 33.94%.

Old National Bancorp 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.