Old National Bancorp (NASDAQ:ONB) Stock Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Old National Bancorp (NASDAQ:ONB - Free Report) by 96.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,324 shares of the bank's stock after buying an additional 84,273 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Old National Bancorp worth $3,197,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Old National Bancorp by 194.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,521 shares of the bank's stock worth $26,000 after buying an additional 1,005 shares in the last quarter. International Assets Investment Management LLC grew 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. HHM Wealth Advisors LLC purchased a new stake in Old National Bancorp during the 2nd quarter worth approximately $28,000. Quest Partners LLC acquired a new position in shares of Old National Bancorp in the 3rd quarter valued at approximately $91,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Old National Bancorp during the 2nd quarter valued at approximately $103,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ONB shares. Royal Bank of Canada lifted their price target on shares of Old National Bancorp from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Tuesday, November 26th. Piper Sandler reissued an "overweight" rating and issued a $27.00 target price (up previously from $23.00) on shares of Old National Bancorp in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price target on shares of Old National Bancorp from $23.00 to $28.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 26th. StockNews.com lowered Old National Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Raymond James raised Old National Bancorp from a "market perform" rating to a "strong-buy" rating and set a $28.00 target price on the stock in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.25.

Old National Bancorp Stock Performance

ONB stock traded down $0.04 during midday trading on Friday, reaching $23.08. The company had a trading volume of 1,905,434 shares, compared to its average volume of 2,143,637. The firm has a market capitalization of $7.36 billion, a PE ratio of 13.99 and a beta of 0.86. The stock has a 50 day moving average price of $20.31 and a 200 day moving average price of $18.82. Old National Bancorp has a fifty-two week low of $15.36 and a fifty-two week high of $23.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.83.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Old National Bancorp had a return on equity of 10.10% and a net margin of 17.93%. The business had revenue of $485.86 million during the quarter, compared to analyst estimates of $482.20 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts anticipate that Old National Bancorp will post 1.84 earnings per share for the current year.

Old National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, December 5th. Old National Bancorp's payout ratio is currently 33.94%.

Old National Bancorp Company 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.