Aperio Group LLC Has $946,000 Holdings in Old National Bancorp (ONB)
Aperio Group LLC lessened its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,717 shares of the bank’s stock after selling 3,522 shares during the period. Aperio Group LLC’s holdings in Old National Bancorp were worth $946,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in shares of Old National Bancorp by 11.4% during the 2nd quarter. Wells Fargo & Company MN now owns 223,737 shares of the bank’s stock worth $3,860,000 after acquiring an additional 22,984 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Old National Bancorp during the 2nd quarter worth approximately $505,000. Paragon Capital Management Ltd bought a new stake in shares of Old National Bancorp during the 2nd quarter worth approximately $186,000. Foundry Partners LLC lifted its holdings in shares of Old National Bancorp by 9.3% during the 2nd quarter. Foundry Partners LLC now owns 1,101,866 shares of the bank’s stock worth $19,007,000 after acquiring an additional 93,355 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Old National Bancorp by 7.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,821 shares of the bank’s stock worth $187,000 after acquiring an additional 717 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Old National Bancorp (ONB) opened at $17.30 on Monday. The stock has a market cap of $2,344.55, a price-to-earnings ratio of 14.91 and a beta of 1.04. Old National Bancorp has a 52 week low of $15.38 and a 52 week high of $18.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86.
Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share (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 the consensus estimate 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 quarter last year, the firm earned $0.25 earnings per share. sell-side analysts forecast that Old National Bancorp will post 1.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, November 30th. Old National Bancorp’s payout ratio is currently 47.71%.
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Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine downgraded shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Boenning Scattergood assumed coverage on shares of Old National Bancorp in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $20.50 price objective for the company. Jefferies Group LLC reissued a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a research note on Friday, August 11th. Finally, 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 note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.92.
Old National Bancorp 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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