Easterly Investment Partners LLC Has $3.95 Million Stock Holdings in Old National Bancorp (NASDAQ:ONB)

Easterly Investment Partners LLC lifted its position in Old National Bancorp (NASDAQ:ONB - Free Report) by 54.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 211,493 shares of the bank's stock after purchasing an additional 74,326 shares during the quarter. Easterly Investment Partners LLC owned 0.07% of Old National Bancorp worth $3,946,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Old National Bancorp by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,840,509 shares of the bank's stock worth $289,481,000 after purchasing an additional 1,896,748 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Old National Bancorp by 3.2% in the 2nd quarter. American Century Companies Inc. now owns 14,124,185 shares of the bank's stock worth $242,795,000 after purchasing an additional 441,887 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Old National Bancorp by 6.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,544,124 shares of the bank's stock worth $60,923,000 after purchasing an additional 203,088 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Old National Bancorp by 0.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 3,305,752 shares of the bank's stock worth $57,553,000 after purchasing an additional 25,519 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Old National Bancorp by 211.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,922,022 shares of the bank's stock worth $50,230,000 after purchasing an additional 1,983,476 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Old National Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, October 1st. Barclays increased their price objective on shares of Old National Bancorp from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Finally, Royal Bank of Canada increased their price objective on shares of Old National Bancorp from $19.00 to $22.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.43.

Old National Bancorp Trading Up 1.6 %

Old National Bancorp stock traded up $0.34 during trading hours on Friday, reaching $21.85. 2,440,035 shares of the company's stock traded hands, compared to its average volume of 2,380,263. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.92. Old National Bancorp has a fifty-two week low of $13.67 and a fifty-two week high of $22.19. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 13.24 and a beta of 0.82. The firm's 50 day moving average is $18.96 and its 200-day moving average is $18.09.

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

Old National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.56%. Old National Bancorp's dividend payout ratio is 33.94%.

About Old National Bancorp

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.