Rockefeller Capital Management L.P. Takes Position in Old National Bancorp (NASDAQ:ONB)

Rockefeller Capital Management L.P. acquired a new stake in shares of Old National Bancorp (NASDAQ:ONB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,581 shares of the bank's stock, valued at approximately $382,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of Old National Bancorp by 93.6% during the 3rd quarter. Barclays PLC now owns 839,504 shares of the bank's stock valued at $15,665,000 after purchasing an additional 405,956 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Old National Bancorp by 31.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,597 shares of the bank's stock worth $590,000 after acquiring an additional 7,489 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Old National Bancorp by 13.5% during the 3rd 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 during the period. Versant Capital Management Inc increased its stake in shares of Old National Bancorp by 58.4% in the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock worth $36,000 after purchasing an additional 615 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. bought a new position in Old National Bancorp in the 4th quarter worth $652,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada decreased their price objective on Old National Bancorp from $26.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Raymond James lowered their price target on shares of Old National Bancorp from $29.00 to $27.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Stephens reissued an "overweight" rating and issued a $27.00 price objective on shares of Old National Bancorp in a research note on Monday, April 14th. StockNews.com upgraded shares of Old National Bancorp from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Citigroup cut their price target on Old National Bancorp from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Old National Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.63.

Old National Bancorp Price Performance

Shares of ONB stock traded down $0.09 on Friday, reaching $20.84. The company's stock had a trading volume of 2,535,688 shares, compared to its average volume of 2,468,784. The stock's fifty day simple moving average is $20.90 and its 200-day simple moving average is $21.52. Old National Bancorp has a 1 year low of $15.60 and a 1 year high of $24.49. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 12.40 and a beta of 0.82. 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 issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The business had revenue of $486.87 million during the quarter, compared to analysts' expectations of $478.37 million. Old National Bancorp had a net margin of 18.24% and a return on equity of 10.13%. Analysts forecast that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Old National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.69%. Old National Bancorp's dividend payout ratio (DPR) is presently 32.56%.

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.