Old National Bancorp (ONB) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. lifted its position in shares of Old National Bancorp (NASDAQ:ONB) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 990,627 shares of the bank’s stock after acquiring an additional 29,928 shares during the quarter. Ameriprise Financial Inc. owned 0.73% of Old National Bancorp worth $18,129,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Old National Bancorp by 0.4% during the 2nd quarter. BlackRock Inc. now owns 16,815,750 shares of the bank’s stock worth $290,072,000 after purchasing an additional 72,222 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Old National Bancorp by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 12,616,903 shares of the bank’s stock worth $217,642,000 after purchasing an additional 161,250 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Old National Bancorp by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,353,720 shares of the bank’s stock worth $195,853,000 after purchasing an additional 603,021 shares during the last quarter. State Street Corp raised its position in shares of Old National Bancorp by 9.7% during the 2nd quarter. State Street Corp now owns 6,021,497 shares of the bank’s stock worth $103,868,000 after purchasing an additional 530,755 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Old National Bancorp by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,590,299 shares of the bank’s stock worth $65,703,000 after purchasing an additional 42,046 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on ONB shares. Boenning Scattergood set a $21.00 price objective on Old National Bancorp and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded Old National Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. ValuEngine upgraded Old National Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Finally, Jefferies Group reiterated a “hold” rating and issued a $18.00 price target on shares of Old National Bancorp in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Old National Bancorp presently has a consensus rating of “Hold” and a consensus price target of $18.92.
Old National Bancorp (NASDAQ ONB) opened at $17.85 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $2,398.76, a price-to-earnings ratio of 15.26 and a beta of 1.03. Old National Bancorp has a twelve month low of $15.38 and a twelve month high of $18.95.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The company had revenue of $154.84 million during the quarter, compared to the consensus estimate of $152.48 million. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. During the same period in the previous year, the firm posted $0.25 EPS. equities research analysts anticipate that Old National Bancorp will post 1.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.52 annualized dividend and a yield of 2.91%. Old National Bancorp’s dividend payout ratio (DPR) is presently 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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