Old National Bancorp (ONB) Position Held by Capital Analysts LLC
Capital Analysts LLC maintained its stake in Old National Bancorp (NASDAQ:ONB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,981 shares of the bank’s stock at the end of the second quarter. Capital Analysts LLC’s holdings in Old National Bancorp were worth $103,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Meadow Creek Investment Management LLC boosted its stake in shares of Old National Bancorp by 26.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,968 shares of the bank’s stock worth $104,000 after buying an additional 1,232 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Old National Bancorp by 25.2% in the first quarter. North Star Investment Management Corp. now owns 6,077 shares of the bank’s stock worth $105,000 after buying an additional 1,225 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Old National Bancorp by 26.0% in the first quarter. Neuburgh Advisers LLC now owns 8,206 shares of the bank’s stock worth $142,000 after buying an additional 1,694 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Old National Bancorp during the first quarter worth about $178,000. Finally, Tyers Asset Management LLC boosted its stake in shares of Old National Bancorp by 26.0% in the first quarter. Tyers Asset Management LLC now owns 10,444 shares of the bank’s stock worth $181,000 after buying an additional 2,156 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.
Shares of Old National Bancorp (ONB) opened at 16.35 on Thursday. The company’s 50 day moving average price is $16.63 and its 200 day moving average price is $17.06. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.53 and a beta of 1.10. Old National Bancorp has a 52-week low of $13.53 and a 52-week high of $18.95.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $153.60 million for the quarter, compared to the consensus estimate of $153.57 million. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. During the same quarter in the prior year, the business posted $0.31 earnings per share. Analysts forecast that Old National Bancorp will post $1.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, August 30th. Old National Bancorp’s payout ratio is presently 49.52%.
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A number of equities analysts have weighed in on ONB shares. Zacks Investment Research cut Old National Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research report on Friday, August 11th. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods reaffirmed a “hold – neutral” rating on shares of Old National Bancorp in a research report on Monday, June 12th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.30.
In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $16.56, for a total transaction of $91,593.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.79% of the stock is owned by corporate insiders.
Old National Bancorp Company Profile
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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