Captrust Financial Advisors Has $1.66 Million Stock Holdings in Old National Bancorp (NASDAQ:ONB)

Captrust Financial Advisors cut its position in Old National Bancorp (NASDAQ:ONB - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,583 shares of the bank's stock after selling 22,251 shares during the period. Captrust Financial Advisors' holdings in Old National Bancorp were worth $1,662,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ONB. Lee Danner & Bass Inc. acquired a new stake in Old National Bancorp in the fourth quarter worth $25,000. Empowered Funds LLC acquired a new stake in shares of Old National Bancorp during the fourth quarter worth $28,000. UMB Bank n.a. raised its holdings in shares of Old National Bancorp by 58.9% during the fourth quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock worth $39,000 after acquiring an additional 663 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Old National Bancorp during the fourth quarter worth $65,000. Finally, Allworth Financial LP raised its holdings in shares of Old National Bancorp by 150.5% during the fourth quarter. Allworth Financial LP now owns 3,507 shares of the bank's stock worth $82,000 after acquiring an additional 2,107 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ONB. Citigroup dropped their price objective on shares of Old National Bancorp from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Truist Financial began coverage on shares of Old National Bancorp in a report on Tuesday. They set a "buy" rating and a $26.00 price objective on the stock. StockNews.com upgraded shares of Old National Bancorp from a "sell" rating to a "hold" rating in a report on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on shares of Old National Bancorp from $26.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Raymond James dropped their price objective on shares of Old National Bancorp from $29.00 to $27.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.67.

Old National Bancorp Stock Up 1.4%

Old National Bancorp stock opened at $22.45 on Wednesday. The company has a market cap of $7.18 billion, a P/E ratio of 13.36 and a beta of 0.85. Old National Bancorp has a 1-year low of $15.60 and a 1-year high of $24.49. The company has a fifty day simple moving average of $20.44 and a 200 day simple moving average of $21.71. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 10.13%. The company had revenue of $486.87 million during the quarter, compared to the consensus estimate of $478.37 million. Research analysts anticipate that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, March 5th. Old National Bancorp's dividend payout ratio (DPR) is presently 32.56%.

Old National Bancorp Company Profile

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.

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