JOYN Advisors Inc. bought a new stake in Old National Bancorp (NASDAQ:ONB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,911 shares of the bank’s stock, valued at approximately $225,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Aperio Group LLC raised its stake in shares of Old National Bancorp by 5.7% during the 4th quarter. Aperio Group LLC now owns 54,676 shares of the bank’s stock worth $954,000 after buying an additional 2,959 shares during the last quarter. US Bancorp DE raised its stake in shares of Old National Bancorp by 27.2% during the 4th quarter. US Bancorp DE now owns 16,711 shares of the bank’s stock worth $292,000 after buying an additional 3,571 shares during the last quarter. Afam Capital Inc. raised its stake in shares of Old National Bancorp by 1.3% during the 3rd quarter. Afam Capital Inc. now owns 329,365 shares of the bank’s stock worth $6,027,000 after buying an additional 4,126 shares during the last quarter. Capital Analysts LLC raised its stake in shares of Old National Bancorp by 88.3% during the 4th quarter. Capital Analysts LLC now owns 11,260 shares of the bank’s stock worth $950,000 after buying an additional 5,279 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Old National Bancorp by 2.5% during the 4th quarter. Swiss National Bank now owns 230,784 shares of the bank’s stock worth $4,027,000 after buying an additional 5,600 shares during the last quarter. 65.41% of the stock is owned by institutional investors.
Old National Bancorp (ONB) remained flat at $$17.85 during trading on Friday. The stock had a trading volume of 2,145,202 shares, compared to its average volume of 741,220. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $2,714.29, a PE ratio of 25.14 and a beta of 0.87. Old National Bancorp has a 12 month low of $15.38 and a 12 month high of $18.88.
Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). The business had revenue of $163.40 million during the quarter, compared to analysts’ expectations of $170.13 million. Old National Bancorp had a net margin of 14.10% and a return on equity of 7.80%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. equities analysts expect that Old National Bancorp will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.91%. The ex-dividend date was Wednesday, February 28th. Old National Bancorp’s dividend payout ratio (DPR) is 73.24%.
Several research firms have recently issued reports on ONB. Zacks Investment Research raised Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, December 27th. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Boenning Scattergood set a $21.00 price objective on Old National Bancorp and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Old National Bancorp in a research report on Tuesday, February 27th. Finally, Hilliard Lyons upgraded Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.38.
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About Old National Bancorp
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking.
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