California State Teachers Retirement System reduced its position in shares of Old National Bancorp (NASDAQ:ONB) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,944 shares of the bank’s stock after selling 23,145 shares during the quarter. California State Teachers Retirement System’s holdings in Old National Bancorp were worth $3,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Old National Bancorp by 0.4% during the second quarter. BlackRock Inc. now owns 16,815,750 shares of the bank’s stock worth $290,072,000 after acquiring an additional 72,222 shares in the last quarter. Vanguard Group Inc. raised its position in Old National Bancorp by 1.3% during the second quarter. Vanguard Group Inc. now owns 12,616,903 shares of the bank’s stock worth $217,642,000 after acquiring an additional 161,250 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Old National Bancorp by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 11,418,907 shares of the bank’s stock valued at $208,966,000 after purchasing an additional 65,187 shares during the period. State Street Corp raised its position in shares of Old National Bancorp by 9.7% in the second quarter. State Street Corp now owns 6,021,497 shares of the bank’s stock valued at $103,868,000 after purchasing an additional 530,755 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Old National Bancorp by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 3,590,299 shares of the bank’s stock valued at $65,703,000 after purchasing an additional 42,046 shares during the period. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Zacks Investment Research raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price objective on shares of Old National Bancorp in a research report on Friday, December 22nd. ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Boenning Scattergood set a $21.00 price objective on shares of Old National Bancorp and gave the company a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.19.

Old National Bancorp (NASDAQ:ONB) opened at $17.60 on Friday. Old National Bancorp has a 1 year low of $15.38 and a 1 year high of $18.95. The company has a market cap of $2,380.00, a PE ratio of 16.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Old National Bancorp had a net margin of 21.61% and a return on equity of 8.39%. The business had revenue of $154.84 million for the quarter, compared to analyst estimates of $152.48 million. During the same period last year, the firm earned $0.25 earnings per share. analysts anticipate that Old National Bancorp will post 1.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, November 30th. Old National Bancorp’s dividend payout ratio is 47.71%.

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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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Institutional Ownership by Quarter for Old National Bancorp (NASDAQ:ONB)

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