Old National Bancorp $ONB Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its position in shares of Old National Bancorp (NASDAQ:ONB) by 97.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,101 shares of the bank’s stock after buying an additional 26,219 shares during the quarter. Vise Technologies Inc.’s holdings in Old National Bancorp were worth $1,308,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Old National Bancorp in the 2nd quarter worth approximately $1,215,819,000. Dimensional Fund Advisors LP raised its position in shares of Old National Bancorp by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,882,650 shares of the bank’s stock valued at $395,193,000 after acquiring an additional 310,352 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Old National Bancorp during the second quarter worth $134,610,000. Bank of America Corp DE lifted its stake in Old National Bancorp by 2.5% during the first quarter. Bank of America Corp DE now owns 4,229,045 shares of the bank’s stock worth $93,462,000 after purchasing an additional 102,956 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Old National Bancorp in the second quarter worth $99,283,000. Institutional investors own 83.66% of the company’s stock.

Old National Bancorp Trading Down 0.5%

Shares of ONB stock opened at $24.93 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 0.93. Old National Bancorp has a 1 year low of $19.60 and a 1 year high of $27.36. The stock has a fifty day moving average of $25.18 and a two-hundred day moving average of $24.67. The firm has a market capitalization of $9.43 billion, a PE ratio of 10.18 and a beta of 0.88.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Wednesday, October 21st. The bank reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Old National Bancorp had a return on equity of 12.02% and a net margin of 23.36%. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $732.04 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. As a group, research analysts expect that Old National Bancorp will post 2.57 EPS for the current year.

Old National Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Saturday, September 5th were paid a dividend of $0.1450 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.58 annualized dividend and a yield of 2.3%. Old National Bancorp’s dividend payout ratio (DPR) is presently 23.67%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings upgraded shares of Old National Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 26th. Wells Fargo & Company initiated coverage on shares of Old National Bancorp in a report on Thursday, September 24th. They set an “overweight” rating and a $30.00 target price on the stock. Truist Financial raised their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. TD Cowen decreased their price target on shares of Old National Bancorp from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $27.00 price objective on shares of Old National Bancorp in a research report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Old National Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Buying and Selling

In other Old National Bancorp news, CFO John Moran sold 19,261 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $25.57, for a total transaction of $492,503.77. Following the transaction, the chief financial officer owned 101,467 shares of the company’s stock, valued at approximately $2,594,511.19. This trade represents a 15.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Old National Bancorp Company Profile

Old National Bancorp is a regional bank holding company headquartered in Evansville, Indiana. Founded in 1834, it operates primarily through Old National Bank, serving individuals, businesses and organizations across the Midwest.

The company offers consumer and commercial banking services, including checking and savings accounts, loans, mortgages, treasury management and digital banking. It also provides wealth management and trust services, as well as solutions for businesses and institutional clients.

Old National has expanded over its history through organic growth and acquisitions, building a presence in markets including Indiana, Illinois, Michigan, Wisconsin, Minnesota and Kentucky.