Old National Bancorp (NASDAQ:ONB) Shares Bought by Foundry Partners LLC

Foundry Partners LLC raised its position in Old National Bancorp (NASDAQ:ONB - Free Report) by 2,494.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 482,028 shares of the bank's stock after purchasing an additional 463,449 shares during the quarter. Foundry Partners LLC owned about 0.16% of Old National Bancorp worth $8,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ONB. Raymond James & Associates boosted its holdings in Old National Bancorp by 579.7% in the 1st quarter. Raymond James & Associates now owns 107,774 shares of the bank's stock valued at $1,765,000 after purchasing an additional 91,918 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Old National Bancorp by 16.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 36,494 shares of the bank's stock worth $598,000 after acquiring an additional 5,032 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Old National Bancorp by 420.6% in the 1st quarter. US Bancorp DE now owns 42,408 shares of the bank's stock worth $696,000 after acquiring an additional 34,262 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Old National Bancorp by 34.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 14,433 shares of the bank's stock worth $236,000 after acquiring an additional 3,701 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Old National Bancorp by 97.7% in the 1st quarter. Rhumbline Advisers now owns 953,125 shares of the bank's stock worth $15,612,000 after acquiring an additional 470,904 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Old National Bancorp Stock Up 2.6 %

Old National Bancorp stock traded up $0.41 during mid-day trading on Friday, reaching $16.19. 2,327,107 shares of the company's stock were exchanged, compared to its average volume of 2,550,391. The company has a market cap of $4.75 billion, a P/E ratio of 8.35 and a beta of 0.83. Old National Bancorp has a twelve month low of $11.66 and a twelve month high of $17.64. 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 fifty day moving average of $16.44 and a 200-day moving average of $15.87.

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

Old National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Monday, March 4th. Old National Bancorp's dividend payout ratio is presently 28.87%.

Analyst Upgrades and Downgrades

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

Old National Bancorp 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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