Sei Investments Co. Buys 15,399 Shares of Old National Bancorp (NASDAQ:ONB)

Sei Investments Co. boosted its position in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,436,381 shares of the bank's stock after purchasing an additional 15,399 shares during the quarter. Sei Investments Co. owned about 0.45% of Old National Bancorp worth $31,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in shares of Old National Bancorp in the 4th quarter worth $25,000. Empowered Funds LLC acquired a new position in Old National Bancorp in the fourth quarter valued at about $28,000. Versant Capital Management Inc boosted its holdings in Old National Bancorp by 58.4% during the fourth quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock worth $36,000 after buying an additional 615 shares during the last quarter. UMB Bank n.a. boosted its holdings in Old National Bancorp by 58.9% during the fourth quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock worth $39,000 after buying an additional 663 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Old National Bancorp during the 4th quarter worth about $65,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ONB shares. Barclays increased their price target on shares of Old National Bancorp from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. Raymond James reiterated a "strong-buy" rating and issued a $29.00 target price (up from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Stephens reissued an "overweight" rating and issued a $27.00 price target on shares of Old National Bancorp in a report on Wednesday, January 22nd. Royal Bank of Canada restated a "sector perform" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Old National Bancorp in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered Old National Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has given 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.29.

Old National Bancorp Stock Down 2.0 %

NASDAQ ONB traded down $0.43 on Friday, reaching $21.03. The company had a trading volume of 1,413,956 shares, compared to its average volume of 2,402,946. The company's fifty day moving average is $22.76 and its 200-day moving average is $21.39. Old National Bancorp has a 1-year low of $15.38 and a 1-year high of $24.49. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 12.52 and a beta of 0.85. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.93.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.49 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $0.46 earnings per share. On average, research analysts forecast that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.66%. Old National Bancorp's dividend payout ratio is currently 33.33%.

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.