Equitable Trust Co. lessened its position in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,403 shares of the bank's stock after selling 185,904 shares during the quarter. Equitable Trust Co. owned about 0.08% of Old National Bancorp worth $5,413,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in 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 valued at $26,000 after purchasing an additional 1,325 shares in the last quarter. Empowered Funds LLC acquired a new position in Old National Bancorp during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its stake in Old National Bancorp by 58.4% during the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock valued at $36,000 after purchasing an additional 615 shares in the last quarter. UMB Bank n.a. increased its stake in Old National Bancorp by 58.9% during 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 in the last quarter. Finally, GAMMA Investing LLC increased its stake in Old National Bancorp by 156.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,906 shares of the bank's stock valued at $73,000 after purchasing an additional 2,385 shares in the last quarter. Institutional investors own 83.66% of the company's stock.
Wall Street Analysts Forecast Growth
ONB has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $26.00 price target (up previously from $24.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Raymond James restated a "strong-buy" rating and set a $29.00 price target (up previously from $28.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Stephens restated an "overweight" rating and set a $27.00 price target on shares of Old National Bancorp in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Old National Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Old National Bancorp from $23.00 to $28.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.29.
Read Our Latest Stock Analysis on Old National Bancorp
Old National Bancorp Stock Performance
NASDAQ ONB traded up $0.05 during mid-day trading on Thursday, reaching $23.86. 2,510,337 shares of the stock were exchanged, compared to its average volume of 3,441,681. The business's 50 day moving average is $22.60 and its 200-day moving average is $20.65. Old National Bancorp has a 1 year low of $15.38 and a 1 year high of $24.49. The company has a market capitalization of $7.61 billion, a P/E ratio of 14.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.93.
Old National Bancorp (NASDAQ:ONB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 14.32%. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Old National Bancorp will post 2.08 EPS for the current fiscal year.
Old National Bancorp Company 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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