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.

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

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