HL Financial Services LLC Has $247,000 Position in Old National Bancorp (ONB)
HL Financial Services LLC reduced its position in Old National Bancorp (NASDAQ:ONB) by 10.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,731 shares of the company’s stock after selling 2,239 shares during the period. HL Financial Services LLC’s holdings in Old National Bancorp were worth $247,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Foundry Partners LLC boosted its position in Old National Bancorp by 2,602.5% in the second quarter. Foundry Partners LLC now owns 867,437 shares of the company’s stock worth $10,869,000 after buying an additional 835,340 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Old National Bancorp by 12.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,276,296 shares of the company’s stock worth $39,938,000 after buying an additional 357,207 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Old National Bancorp during the first quarter worth about $3,300,000. Bank of Montreal Can acquired a new position in Old National Bancorp during the second quarter worth about $2,703,000. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in Old National Bancorp by 13.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,275,187 shares of the company’s stock worth $15,978,000 after buying an additional 150,252 shares in the last quarter. Institutional investors own 70.10% of the company’s stock.
Old National Bancorp (NASDAQ:ONB) traded up 2.33% during trading on Friday, hitting $14.06. The company had a trading volume of 947,563 shares. The company’s 50 day moving average price is $13.87 and its 200-day moving average price is $12.98. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.22 and a beta of 1.25. Old National Bancorp has a 1-year low of $10.69 and a 1-year high of $15.00.
Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.23 by $0.08. Old National Bancorp had a return on equity of 7.48% and a net margin of 20.28%. During the same quarter last year, the firm posted $0.25 EPS. On average, analysts expect that Old National Bancorp will post $0.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, September 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.52 annualized dividend and a dividend yield of 3.70%. Old National Bancorp’s dividend payout ratio (DPR) is presently 45.22%.
A number of research analysts have issued reports on ONB shares. Zacks Investment Research upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Piper Jaffray Cos. assumed coverage on Old National Bancorp in a research note on Monday, July 11th. They set a “neutral” rating and a $13.50 price target on the stock. Hovde Group assumed coverage on Old National Bancorp in a research note on Wednesday, August 3rd. They set a “market perform” rating and a $14.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Old National Bancorp from $13.00 to $13.50 and gave the company a “market perform” rating in a research note on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.72.
In related news, insider Daryl D. Moore sold 33,442 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $13.80, for a total transaction of $461,499.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company’s stock.
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. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services.
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