Old National Bancorp (NASDAQ:ONB) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,113,518 shares of the bank’s stock after selling 3,789 shares during the period. Leeward Investments LLC MA owned about 0.35% of Old National Bancorp worth $20,778,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Leuthold Group LLC acquired a new position in shares of Old National Bancorp during the 1st quarter valued at $3,142,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Old National Bancorp by 188.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,458 shares of the bank’s stock worth $885,000 after buying an additional 33,615 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Old National Bancorp by 35.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 113,082 shares of the bank’s stock valued at $1,969,000 after buying an additional 29,400 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Old National Bancorp by 27.9% during the 1st quarter. First Eagle Investment Management LLC now owns 446,698 shares of the bank’s stock valued at $7,777,000 after buying an additional 97,350 shares during the period. Finally, Busey Bank lifted its position in Old National Bancorp by 41.6% during the 2nd quarter. Busey Bank now owns 38,519 shares of the bank’s stock worth $662,000 after acquiring an additional 11,316 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Old National Bancorp Trading Up 15.6 %

Shares of NASDAQ ONB opened at $22.15 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $18.93 and its two-hundred day moving average price is $18.07. Old National Bancorp has a 52-week low of $13.67 and a 52-week high of $22.19. The stock has a market capitalization of $7.07 billion, a P/E ratio of 13.42 and a beta of 0.82.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $485.86 million for the quarter, compared to analyst estimates of $482.20 million. Old National Bancorp had a return on equity of 10.10% and a net margin of 17.93%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, analysts anticipate that Old National Bancorp will post 1.84 earnings per share for the current fiscal year.

Old National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Thursday, September 5th. Old National Bancorp’s dividend payout ratio (DPR) is presently 33.94%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ONB. Royal Bank of Canada increased their price objective on shares of Old National Bancorp from $19.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Barclays raised their price target on shares of Old National Bancorp from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, StockNews.com lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.43.

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.