Xact Kapitalforvaltning AB purchased a new position in shares of Old National Bancorp (NASDAQ:ONB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,376 shares of the bank’s stock, valued at approximately $233,000.

A number of other institutional investors also recently added to or reduced their stakes in ONB. Peregrine Capital Management LLC purchased a new stake in shares of Old National Bancorp in the fourth quarter valued at $8,014,000. The Manufacturers Life Insurance Company grew its position in shares of Old National Bancorp by 11.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,936,282 shares of the bank’s stock valued at $33,788,000 after purchasing an additional 206,262 shares during the period. LSV Asset Management grew its position in shares of Old National Bancorp by 13.4% in the fourth quarter. LSV Asset Management now owns 1,641,900 shares of the bank’s stock valued at $28,651,000 after purchasing an additional 194,346 shares during the period. Arizona State Retirement System grew its position in shares of Old National Bancorp by 219.7% in the fourth quarter. Arizona State Retirement System now owns 224,869 shares of the bank’s stock valued at $3,924,000 after purchasing an additional 154,533 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Old National Bancorp by 53.1% in the fourth quarter. Deutsche Bank AG now owns 442,479 shares of the bank’s stock valued at $7,720,000 after purchasing an additional 153,498 shares during the period. 66.61% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

ONB stock opened at $17.05 on Tuesday. Old National Bancorp has a 12-month low of $15.38 and a 12-month high of $18.88. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2,562.23, a price-to-earnings ratio of 15.50 and a beta of 0.86.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). Old National Bancorp had a net margin of 14.10% and a return on equity of 7.80%. The firm had revenue of $163.40 million for the quarter, compared to analysts’ expectations of $170.13 million. During the same period last year, the firm posted $0.25 EPS. Old National Bancorp’s revenue was down 5.5% on a year-over-year basis. research analysts anticipate that Old National Bancorp will post 1.25 earnings per share for the current year.

A number of equities research analysts have recently commented on ONB shares. Zacks Investment Research downgraded Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Old National Bancorp in a research report on Friday, December 22nd. BidaskClub downgraded Old National Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Boenning Scattergood set a $21.00 price objective on Old National Bancorp and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.43.

COPYRIGHT VIOLATION NOTICE: “Xact Kapitalforvaltning AB Purchases New Stake in Old National Bancorp (ONB)” was posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/04/17/xact-kapitalforvaltning-ab-purchases-new-stake-in-old-national-bancorp-onb.html.

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.

Want to see what other hedge funds are holding ONB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old National Bancorp (NASDAQ:ONB).

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

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.