California Public Employees Retirement System increased its position in shares of Old National Bancorp (NASDAQ:ONB) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,395 shares of the bank’s stock after acquiring an additional 9,795 shares during the period. California Public Employees Retirement System owned approximately 0.24% of Old National Bancorp worth $5,918,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ONB. Valeo Financial Advisors LLC acquired a new position in Old National Bancorp during the third quarter worth about $129,000. Advisor Group Inc. grew its holdings in Old National Bancorp by 219.1% during the third quarter. Advisor Group Inc. now owns 9,921 shares of the bank’s stock worth $181,000 after acquiring an additional 6,812 shares during the period. Stifel Financial Corp acquired a new position in Old National Bancorp during the third quarter worth about $196,000. Adviser Investments LLC acquired a new position in Old National Bancorp during the third quarter worth about $212,000. Finally, 361 Capital LLC acquired a new position in Old National Bancorp during the third quarter worth about $213,000. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

Old National Bancorp (NASDAQ:ONB) opened at $17.60 on Friday. The firm has a market capitalization of $2,380.00, a PE ratio of 16.15 and a beta of 1.03. Old National Bancorp has a 12 month low of $15.38 and a 12 month high of $18.95. 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 (NASDAQ:ONB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. The firm had revenue of $154.84 million for the quarter, compared to analysts’ expectations of $152.48 million. During the same quarter last year, the business posted $0.25 EPS. analysts expect that Old National Bancorp will post 1.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.52 annualized dividend and a yield of 2.95%. Old National Bancorp’s dividend payout ratio (DPR) is presently 47.71%.

A number of equities analysts recently weighed in on the company. BidaskClub cut Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research raised Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price target on shares of Old National Bancorp in a research note on Friday, December 22nd. ValuEngine raised Old National Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Boenning Scattergood set a $21.00 price target on Old National Bancorp and gave the stock a “buy” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.19.

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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.

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

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