Old National Bancorp (NASDAQ:ONB) Holdings Cut by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its position in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,726,325 shares of the bank's stock after selling 220,704 shares during the quarter. Old National Bancorp makes up 1.5% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 4th largest position. Fuller & Thaler Asset Management Inc. owned about 5.56% of Old National Bancorp worth $384,661,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ONB. Vanguard Group Inc. grew its holdings in Old National Bancorp by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 33,921,274 shares of the bank's stock valued at $736,261,000 after buying an additional 290,005 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Old National Bancorp by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,106,289 shares of the bank's stock worth $371,294,000 after acquiring an additional 132,002 shares during the last quarter. Wellington Management Group LLP increased its position in Old National Bancorp by 923.4% during the fourth quarter. Wellington Management Group LLP now owns 8,724,893 shares of the bank's stock worth $189,374,000 after purchasing an additional 7,872,318 shares during the last quarter. Victory Capital Management Inc. increased its position in Old National Bancorp by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 7,551,228 shares of the bank's stock worth $163,899,000 after purchasing an additional 326,135 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Old National Bancorp by 172.1% during the fourth quarter. William Blair Investment Management LLC now owns 5,493,490 shares of the bank's stock worth $119,236,000 after purchasing an additional 3,474,578 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Old National Bancorp Trading Up 3.8 %

NASDAQ ONB opened at $19.93 on Wednesday. The company's fifty day simple moving average is $21.09 and its 200-day simple moving average is $21.46. The stock has a market cap of $6.36 billion, a P/E ratio of 11.86 and a beta of 0.82. Old National Bancorp has a 52 week low of $15.60 and a 52 week high of $24.49. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 10.13%. The company had revenue of $486.87 million during the quarter, compared to analysts' expectations of $478.37 million. Equities research analysts predict that Old National Bancorp will post 2.08 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, March 5th. Old National Bancorp's payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James dropped their price objective 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. Stephens reiterated an "overweight" rating and set a $27.00 target price on shares of Old National Bancorp in a report on Monday, April 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 target price (up previously from $24.00) on shares of Old National Bancorp in a research report on Wednesday, January 22nd. Finally, Barclays reduced their price target on shares of Old National Bancorp from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $25.71.

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.

Want to see what other hedge funds are holding ONB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old National Bancorp (NASDAQ:ONB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.