Corient Private Wealth LLC trimmed its position in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 37.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 89,111 shares of the bank's stock after selling 53,117 shares during the quarter. Corient Private Wealth LLC's holdings in Old National Bancorp were worth $1,934,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Old National Bancorp in the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Old National Bancorp by 58.4% during the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock worth $36,000 after acquiring an additional 615 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Old National Bancorp by 58.9% in the 4th quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock worth $39,000 after buying an additional 663 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Old National Bancorp in the 4th quarter valued at approximately $65,000. Finally, Allworth Financial LP raised its stake in shares of Old National Bancorp by 150.5% in the fourth quarter. Allworth Financial LP now owns 3,507 shares of the bank's stock valued at $82,000 after acquiring an additional 2,107 shares during the period. Institutional investors own 83.66% of the company's stock.
Old National Bancorp Trading Down 2.0 %
Shares of ONB traded down $0.43 during mid-day trading on Friday, reaching $21.03. The stock had a trading volume of 1,413,956 shares, compared to its average volume of 2,403,441. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 12.52 and a beta of 0.85. The business's fifty day moving average is $22.79 and its 200 day moving average is $21.35. Old National Bancorp has a 52-week low of $15.38 and a 52-week high of $24.49.
Old National Bancorp (NASDAQ:ONB - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. During the same period in the prior year, the company earned $0.46 EPS. On average, sell-side analysts predict that Old National Bancorp will post 2.08 EPS for the current fiscal year.
Old National Bancorp Announces Dividend
The business also recently announced 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. This represents a $0.56 annualized dividend and a yield of 2.66%. The ex-dividend date was Wednesday, March 5th. Old National Bancorp's dividend payout ratio (DPR) is presently 33.33%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 target price (up from $24.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Stephens reiterated an "overweight" rating and issued a $27.00 target price on shares of Old National Bancorp in a research note on Wednesday, January 22nd. StockNews.com cut Old National Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Raymond James reaffirmed a "strong-buy" rating and issued a $29.00 price target (up previously from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Finally, Barclays upped their target price on Old National Bancorp from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.29.
View Our Latest Stock Analysis on ONB
Old National Bancorp Profile
(
Free Report)
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.
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