OLD National Bancorp IN Makes New $2.01 Million Investment in Lamar Advertising Company $LAMR

Key Points

• OLD National Bancorp IN bought a new position of 15,913 shares in Lamar Advertising during Q4, valued at approximately $2.01 million.
• Lamar reported quarterly EPS of $1.50, missing analysts' estimate of $2.18 while revenue was $595.93 million, and management set FY2026 guidance at 5.72–5.83 EPS.
• The company raised its quarterly dividend to $1.60 (annualized $6.40) for a 4.8% yield, though the payout ratio is a high 110.92%.

OLD National Bancorp IN acquired a new position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,913 shares of the real estate investment trust's stock, valued at approximately $2,014,000.

Several other hedge funds have also recently bought and sold shares of LAMR. Nisa Investment Advisors LLC increased its holdings in shares of Lamar Advertising by 31.4% during the third quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust's stock worth $5,625,000 after purchasing an additional 10,982 shares during the period. Assetmark Inc. increased its holdings in shares of Lamar Advertising by 31.3% during the third quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust's stock worth $12,520,000 after purchasing an additional 24,391 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of Lamar Advertising by 89.4% during the third quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust's stock worth $9,090,000 after purchasing an additional 35,048 shares during the period. Berkshire Hathaway Inc increased its holdings in shares of Lamar Advertising by 2.8% during the third quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust's stock worth $147,162,000 after purchasing an additional 32,603 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Lamar Advertising by 323.6% during the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust's stock worth $9,531,000 after purchasing an additional 57,520 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LAMR shares. Wells Fargo & Company raised their target price on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. Weiss Ratings raised shares of Lamar Advertising from a "hold (c+)" rating to a "buy (b)" rating in a report on Monday, February 23rd. TD Cowen reaffirmed a "buy" rating on shares of Lamar Advertising in a report on Monday, February 23rd. Finally, UBS Group set a $150.00 target price on shares of Lamar Advertising in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.80.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR opened at $134.35 on Friday. The company's 50 day simple moving average is $132.34 and its 200 day simple moving average is $128.77. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 23.28 and a beta of 1.20. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 1 year low of $110.78 and a 1 year high of $139.76.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings data on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($0.68). The firm had revenue of $595.93 million during the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, research analysts predict that Lamar Advertising Company will post 8.23 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.8%. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.55. The ex-dividend date of this dividend was Monday, March 16th. Lamar Advertising's payout ratio is 110.92%.

Insider Transactions at Lamar Advertising

In related news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the transaction, the executive vice president directly owned 15,850 shares of the company's stock, valued at $2,039,102.50. This trade represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.24% of the stock is owned by company insiders.

Lamar Advertising Company Profile

Lamar Advertising Company NASDAQ: LAMR is one of North America's largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.

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