New York State Common Retirement Fund Has $19.40 Million Stake in Old National Bancorp (NASDAQ:ONB)

New York State Common Retirement Fund grew its stake in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 469.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,039,643 shares of the bank's stock after acquiring an additional 857,158 shares during the period. New York State Common Retirement Fund owned about 0.33% of Old National Bancorp worth $19,400,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Old National Bancorp by 1,766.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank's stock worth $26,000 after purchasing an additional 1,325 shares during the period. GAMMA Investing LLC grew its holdings in shares of Old National Bancorp by 194.8% during the second quarter. GAMMA Investing LLC now owns 1,521 shares of the bank's stock valued at $26,000 after buying an additional 1,005 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Old National Bancorp during the second quarter valued at $28,000. LRI Investments LLC acquired a new position in Old National Bancorp during the first quarter valued at $48,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Old National Bancorp in the 2nd quarter worth about $103,000. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

ONB has been the topic of a number of research reports. Royal Bank of Canada upped their target price on Old National Bancorp from $19.00 to $22.00 and gave the company a "sector perform" rating in a report on Wednesday, July 24th. Barclays increased their target price on shares of Old National Bancorp from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, StockNews.com cut shares of Old National Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.43.

Old National Bancorp Stock Up 1.4 %

Old National Bancorp stock traded up $0.26 during mid-day trading on Tuesday, hitting $19.16. 1,815,124 shares of the company's stock were exchanged, compared to its average volume of 2,015,710. Old National Bancorp has a 1-year low of $13.67 and a 1-year high of $20.43. The stock has a 50 day moving average of $18.88 and a two-hundred day moving average of $18.02. The stock has a market cap of $6.11 billion, a P/E ratio of 11.56 and a beta of 0.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.83.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.10% and a net margin of 17.93%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. As a group, analysts anticipate that Old National Bancorp will post 1.84 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were issued a $0.14 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.56 annualized dividend and a yield of 2.92%. Old National Bancorp's dividend payout ratio (DPR) is presently 33.94%.

Old National Bancorp Profile

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.