Dalton Greiner Hartman Maher & Co. trimmed its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 996,776 shares of the bank’s stock after selling 234,521 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Old National Bancorp were worth $17,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Phillips Financial Management LLC raised its position in Old National Bancorp by 1.0% in the 2nd quarter. Phillips Financial Management LLC now owns 26,652 shares of the bank’s stock worth $446,000 after purchasing an additional 261 shares during the period. Amalgamated Bank raised its position in Old National Bancorp by 1.8% in the 2nd quarter. Amalgamated Bank now owns 18,328 shares of the bank’s stock worth $316,000 after purchasing an additional 326 shares during the period. Shelton Capital Management raised its position in Old National Bancorp by 8.9% in the 2nd quarter. Shelton Capital Management now owns 13,428 shares of the bank’s stock worth $232,000 after purchasing an additional 1,102 shares during the period. ETRADE Capital Management LLC raised its position in Old National Bancorp by 4.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 26,179 shares of the bank’s stock worth $452,000 after purchasing an additional 1,165 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Old National Bancorp by 0.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 374,710 shares of the bank’s stock worth $6,464,000 after purchasing an additional 2,634 shares during the period. Hedge funds and other institutional investors own 72.99% of the company’s stock.

Old National Bancorp (NASDAQ:ONB) opened at $18.00 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market cap of $2,440.00, a PE ratio of 16.51 and a beta of 1.03. Old National Bancorp has a one year low of $15.38 and a one year high of $18.95.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.52 dividend on an annualized basis and a yield of 2.89%. Old National Bancorp’s dividend payout ratio is currently 47.71%.

A number of research firms recently weighed in on ONB. BidaskClub raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Raymond James Financial upgraded shares of Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Tuesday, September 19th. UBS Group upgraded shares of Old National Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 19th. Zacks Investment Research downgraded shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, Boenning Scattergood set a $21.00 target price on shares of Old National Bancorp and gave the stock a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.19.

COPYRIGHT VIOLATION WARNING: “Dalton Greiner Hartman Maher & Co. Sells 234,521 Shares of Old National Bancorp (ONB)” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/dalton-greiner-hartman-maher-co-sells-234521-shares-of-old-national-bancorp-onb/1802362.html.

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.

Want to see what other hedge funds are holding ONB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old National Bancorp (NASDAQ:ONB).

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

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.