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.
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.
ILLEGAL ACTIVITY NOTICE: This story was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2018/01/05/10729-shares-in-old-national-bancorp-onb-purchased-by-stifel-financial-corp.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).
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.