10,729 Shares in Old National Bancorp (ONB) Purchased by Stifel Financial Corp

Stifel Financial Corp bought a new position in Old National Bancorp (NASDAQ:ONB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,729 shares of the bank’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in Old National Bancorp by 219.1% in the 3rd quarter. Advisor Group Inc. now owns 9,921 shares of the bank’s stock worth $181,000 after purchasing an additional 6,812 shares in the last quarter. Adviser Investments LLC purchased a new stake in Old National Bancorp in the 3rd quarter worth approximately $212,000. 361 Capital LLC purchased a new stake in Old National Bancorp in the 3rd quarter worth approximately $213,000. Columbia Asset Management lifted its stake in Old National Bancorp by 4.0% in the 2nd quarter. Columbia Asset Management now owns 12,478 shares of the bank’s stock worth $215,000 after purchasing an additional 478 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Old National Bancorp in the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 72.99% of the company’s stock.

Old National Bancorp (NASDAQ ONB) opened at $17.65 on Friday. The company has a market cap of $2,358.10, a price-to-earnings ratio of 16.19 and a beta of 1.03. Old National Bancorp has a twelve month low of $15.38 and a twelve month high of $18.95. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.95.

Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $154.84 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.25 EPS. equities research analysts expect that Old National Bancorp will post 1.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, November 30th. Old National Bancorp’s payout ratio is 47.71%.

Several analysts have issued reports on the stock. BidaskClub cut shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report 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 report on Friday, December 22nd. ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Boenning Scattergood set a $21.00 price target on shares of Old National Bancorp and gave the stock a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.19.

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

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