Old National Bancorp (NASDAQ:ONB) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its position in Old National Bancorp (NASDAQ:ONB) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,997 shares of the bank’s stock after selling 498 shares during the period. Natixis Advisors LLC’s holdings in Old National Bancorp were worth $1,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC purchased a new stake in Old National Bancorp in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its holdings in Old National Bancorp by 58.4% in the fourth quarter. Versant Capital Management Inc now owns 1,668 shares of the bank’s stock valued at $36,000 after purchasing an additional 615 shares during the period. UMB Bank n.a. increased its position 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 purchasing an additional 663 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Old National Bancorp during the fourth quarter worth approximately $65,000. Finally, Allworth Financial LP boosted its holdings in shares of Old National Bancorp by 150.5% in the 4th quarter. Allworth Financial LP now owns 3,507 shares of the bank’s stock valued at $82,000 after purchasing an additional 2,107 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Old National Bancorp Trading Down 0.2 %

ONB opened at $21.47 on Wednesday. The firm’s 50 day moving average is $22.84 and its 200-day moving average is $21.35. Old National Bancorp has a 52-week low of $15.38 and a 52-week high of $24.49. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $6.85 billion, a P/E ratio of 12.78 and a beta of 0.85.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 10.13%. During the same quarter in the prior year, the business posted $0.46 EPS. Analysts expect that Old National Bancorp will post 2.08 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Wednesday, March 5th. Old National Bancorp’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of research firms have recently commented on ONB. StockNews.com downgraded Old National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Barclays raised their price objective on Old National Bancorp from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Stephens reiterated an “overweight” rating and set a $27.00 target price on shares of Old National Bancorp in a report on Wednesday, January 22nd. Raymond James restated a “strong-buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $27.00 price objective (up from $23.00) on shares of Old National Bancorp in a research note on Tuesday, November 26th. 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.