Principal Financial Group Inc. reduced its position in Old National Bancorp (NASDAQ:ONB) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,042,710 shares of the bank’s stock after selling 10,690 shares during the period. Principal Financial Group Inc. owned 0.77% of Old National Bancorp worth $19,081,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its holdings in shares of Old National Bancorp by 22.9% in the 3rd quarter. Prudential Financial Inc. now owns 1,147,606 shares of the bank’s stock valued at $21,002,000 after buying an additional 213,580 shares in the last quarter. Foundry Partners LLC boosted its holdings in shares of Old National Bancorp by 6.3% in the 3rd quarter. Foundry Partners LLC now owns 1,171,611 shares of the bank’s stock valued at $21,440,000 after buying an additional 69,745 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Old National Bancorp in the 3rd quarter valued at about $428,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Old National Bancorp by 65.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,628 shares of the bank’s stock valued at $597,000 after buying an additional 12,891 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Old National Bancorp in the 3rd quarter valued at about $223,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Old National Bancorp (NASDAQ ONB) opened at $17.15 on Friday. The company has a market cap of $2,385.21, a P/E ratio of 15.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.85. Old National Bancorp has a 1 year low of $15.38 and a 1 year high of $18.95.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The firm had revenue of $154.84 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.25 EPS. 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 given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, November 30th. Old National Bancorp’s dividend payout ratio is presently 47.71%.

ONB has been the subject of several research analyst reports. BidaskClub lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Raymond James Financial, Inc. raised shares of Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a research report on Friday, August 11th. ValuEngine lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, UBS AG raised shares of Old National Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Old National Bancorp presently has a consensus rating of “Hold” and an average price target of $18.92.

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

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