Teacher Retirement System of Texas increased its stake in Old National Bancorp (NASDAQ:ONB) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,821 shares of the bank’s stock after buying an additional 717 shares during the period. Teacher Retirement System of Texas’ holdings in Old National Bancorp were worth $187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ONB. Suntrust Banks Inc. raised its position in Old National Bancorp by 0.5% in the first quarter. Suntrust Banks Inc. now owns 21,217 shares of the bank’s stock valued at $368,000 after buying an additional 114 shares in the last quarter. Arizona State Retirement System raised its position in Old National Bancorp by 0.3% in the second quarter. Arizona State Retirement System now owns 70,636 shares of the bank’s stock valued at $1,218,000 after buying an additional 200 shares in the last quarter. Creative Planning raised its position in Old National Bancorp by 1.0% in the second quarter. Creative Planning now owns 22,590 shares of the bank’s stock valued at $390,000 after buying an additional 213 shares in the last quarter. Boston Private Wealth LLC raised its position in Old National Bancorp by 0.3% in the first quarter. Boston Private Wealth LLC now owns 84,231 shares of the bank’s stock valued at $1,461,000 after buying an additional 284 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Old National Bancorp by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 14,980 shares of the bank’s stock valued at $259,000 after buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

Shares of Old National Bancorp (NASDAQ 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. Old National Bancorp has a 12 month low of $13.53 and a 12 month high of $18.95. The firm has a market capitalization of $2.22 billion, a P/E ratio of 15.53 and a beta of 1.10.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $153.60 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.31 earnings per share. On average, equities analysts predict that Old National Bancorp will post $1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. Old National Bancorp’s payout ratio is 49.52%.

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Several research analysts have recently commented on the company. Zacks Investment Research upgraded Old National Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, May 25th. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 price target on shares of Old National Bancorp in a report on Friday, May 5th. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a “hold – neutral” rating on shares of Old National Bancorp in a research report on Monday, June 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.30.

In other Old National Bancorp news, insider John R. Kamin sold 7,332 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $17.03, for a total value of $124,863.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Kamin sold 5,531 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $16.56, for a total value of $91,593.36. The disclosure for this sale can be found here. 1.79% of the stock is currently owned by company insiders.

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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