Edgestream Partners L.P. grew its holdings in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 227.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,240 shares of the bank's stock after purchasing an additional 139,755 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of Old National Bancorp worth $4,368,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Old National Bancorp by 1,766.7% during the third quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank's stock valued at $26,000 after buying an additional 1,325 shares during the period. Empowered Funds LLC bought a new stake in Old National Bancorp during the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in Old National Bancorp by 58.4% in the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock worth $36,000 after purchasing an additional 615 shares in the last quarter. UMB Bank n.a. boosted its holdings in Old National Bancorp by 58.9% in the 4th quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock valued at $39,000 after purchasing an additional 663 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Old National Bancorp during the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 83.66% of the company's stock.
Old National Bancorp Trading Down 0.2 %
Shares of ONB stock traded down $0.05 on Friday, hitting $21.59. 2,568,442 shares of the company's stock traded hands, compared to its average volume of 3,068,694. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 12.85 and a beta of 0.85. The company's fifty day simple moving average is $22.93 and its 200 day simple moving average is $21.21. Old National Bancorp has a one year low of $15.38 and a one year high of $24.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.93.
Old National Bancorp (NASDAQ:ONB - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, topping the consensus estimate 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. Equities analysts forecast that Old National Bancorp will post 2.08 EPS for the current year.
Old National Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Old National Bancorp's dividend payout ratio (DPR) is presently 33.33%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ONB. Barclays increased their price objective on Old National Bancorp from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Raymond James reissued a "strong-buy" rating and set a $29.00 price objective (up previously from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. StockNews.com downgraded shares of Old National Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Piper Sandler reissued an "overweight" rating and issued a $27.00 price target (up previously from $23.00) on shares of Old National Bancorp in a research note on Tuesday, November 26th. Finally, Stephens restated an "overweight" rating and set a $27.00 price objective on shares of Old National Bancorp in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.29.
Check Out Our Latest Report on ONB
About Old National Bancorp
(
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.
Featured Articles
Before you consider Old National Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old National Bancorp wasn't on the list.
While Old National Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
