SG Americas Securities LLC Has $153,000 Stock Position in Old National Bancorp (NASDAQ:ONB)

SG Americas Securities LLC lowered its holdings in Old National Bancorp (NASDAQ:ONB - Free Report) by 93.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,054 shares of the bank's stock after selling 124,160 shares during the quarter. SG Americas Securities LLC's holdings in Old National Bancorp were worth $153,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ONB. OneAscent Financial Services LLC acquired a new position in shares of Old National Bancorp during the fourth quarter valued at $620,000. Ziegler Capital Management LLC lifted its stake in shares of Old National Bancorp by 2.3% during the fourth quarter. Ziegler Capital Management LLC now owns 61,245 shares of the bank's stock valued at $1,034,000 after acquiring an additional 1,361 shares during the period. Legacy Wealth Asset Management LLC acquired a new position in shares of Old National Bancorp during the fourth quarter valued at $181,000. First Hawaiian Bank lifted its stake in shares of Old National Bancorp by 9.1% during the fourth quarter. First Hawaiian Bank now owns 38,542 shares of the bank's stock valued at $651,000 after acquiring an additional 3,230 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Old National Bancorp by 93.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 99,804 shares of the bank's stock valued at $1,451,000 after acquiring an additional 48,239 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Old National Bancorp Stock Down 1.3 %

Shares of NASDAQ:ONB traded down $0.21 during mid-day trading on Tuesday, reaching $15.48. 1,542,794 shares of the stock were exchanged, compared to its average volume of 2,200,045. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.54 billion, a P/E ratio of 7.98 and a beta of 0.83. Old National Bancorp has a one year low of $11.66 and a one year high of $17.64. The stock's 50 day simple moving average is $16.45 and its 200-day simple moving average is $15.84.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The firm had revenue of $689.85 million for the quarter, compared to the consensus estimate of $448.87 million. Old National Bancorp had a return on equity of 12.04% and a net margin of 22.91%. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities research analysts predict that Old National Bancorp will post 1.84 EPS for the current year.

Old National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.62%. Old National Bancorp's payout ratio is presently 28.87%.

Analyst Ratings Changes

ONB has been the topic of several analyst reports. Barclays initiated coverage on Old National Bancorp in a research note on Friday, March 8th. They issued an "overweight" rating and a $20.00 target price on the stock. Stephens cut their target price on Old National Bancorp from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 24th. UBS Group cut their target price on Old National Bancorp from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. StockNews.com lowered Old National Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, December 27th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $18.00 price target on shares of Old National Bancorp in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Old National Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $18.71.

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.