LSV Asset Management lessened its stake in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,396 shares of the bank's stock after selling 149,004 shares during the quarter. LSV Asset Management owned approximately 0.09% of Old National Bancorp worth $6,412,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Old National Bancorp by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 3,498,108 shares of the bank's stock valued at $65,275,000 after acquiring an additional 416,647 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Old National Bancorp by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,677,013 shares of the bank's stock valued at $79,810,000 after purchasing an additional 47,149 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Old National Bancorp in the 4th quarter worth $209,000. Stifel Financial Corp grew its stake in Old National Bancorp by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 53,594 shares of the bank's stock worth $1,000,000 after buying an additional 648 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. acquired a new position in Old National Bancorp during the 4th quarter valued at about $652,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on ONB. Raymond James lowered their price target on Old National Bancorp from $29.00 to $27.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Barclays lowered their target price on shares of Old National Bancorp from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. 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. Finally, Stephens reiterated an "overweight" rating and set a $27.00 price objective on shares of Old National Bancorp in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.71.
Read Our Latest Research Report on ONB
Old National Bancorp Stock Performance
Shares of NASDAQ:ONB traded up $0.13 during midday trading on Friday, reaching $19.59. The company's stock had a trading volume of 4,943,720 shares, compared to its average volume of 2,432,454. The firm has a market capitalization of $6.25 billion, a PE ratio of 11.66 and a beta of 0.82. The stock has a fifty day moving average of $21.26 and a 200 day moving average of $21.42. Old National Bancorp has a twelve month low of $15.60 and a twelve month high of $24.49. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.84.
Old National Bancorp (NASDAQ:ONB - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.49 earnings per share 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 quarter last year, the company posted $0.46 earnings per share. On average, equities analysts expect that Old National Bancorp will post 2.08 EPS for the current fiscal year.
Old National Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.86%. Old National Bancorp's payout ratio is 33.33%.
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.
Featured Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
