Stieven Capital Advisors L.P. Purchases Shares of 468,334 Old National Bancorp (NASDAQ:ONB)

Stieven Capital Advisors L.P. bought a new stake in shares of Old National Bancorp (NASDAQ:ONB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 468,334 shares of the bank's stock, valued at approximately $10,165,000. Old National Bancorp makes up 1.8% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 27th largest position. Stieven Capital Advisors L.P. owned approximately 0.15% of Old National Bancorp as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised 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 acquiring an additional 1,325 shares in the last quarter. Empowered Funds LLC bought a new stake in Old National Bancorp during the 4th quarter valued at $28,000. Versant Capital Management Inc raised its stake in Old National Bancorp by 58.4% during the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock valued at $36,000 after acquiring an additional 615 shares in the last quarter. UMB Bank n.a. raised its stake in Old National Bancorp by 58.9% during the 4th quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock valued at $39,000 after acquiring an additional 663 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Old National Bancorp in the 3rd quarter worth $91,000. Institutional investors own 83.66% of the company's stock.

Old National Bancorp Stock Up 0.4 %

Shares of ONB stock traded up $0.09 on Wednesday, reaching $24.30. 1,954,466 shares of the company's stock traded hands, compared to its average volume of 3,342,308. Old National Bancorp has a 12-month low of $15.38 and a 12-month high of $24.49. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $7.75 billion, a P/E ratio of 14.46 and a beta of 0.88. The business's 50 day moving average price is $22.66 and its two-hundred day moving average price is $20.76.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. Old National Bancorp had a return on equity of 14.32% and a net margin of 18.24%. During the same period in the prior year, the company earned $0.46 EPS. On average, equities analysts forecast that Old National Bancorp will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on ONB shares. StockNews.com downgraded Old National Bancorp from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their target price on Old National Bancorp from $23.00 to $28.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $26.00 target price (up from $24.00) on shares of Old National Bancorp in a research report on Wednesday, January 22nd. Raymond James reaffirmed a "strong-buy" rating and set a $29.00 target price (up from $28.00) on shares of Old National Bancorp in a research report on Wednesday, January 22nd. Finally, Stephens reaffirmed an "overweight" rating and set a $27.00 target price on shares of Old National Bancorp in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.29.

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.