New York State Common Retirement Fund Has $20.13 Million Stock Holdings in Old National Bancorp (NASDAQ:ONB)

New York State Common Retirement Fund increased its holdings in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 31.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,191,832 shares of the bank's stock after purchasing an additional 285,603 shares during the quarter. New York State Common Retirement Fund owned 0.41% of Old National Bancorp worth $20,130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ONB. Parkside Financial Bank & Trust raised its position in shares of Old National Bancorp by 57.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,608 shares of the bank's stock worth $38,000 after acquiring an additional 949 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in shares of Old National Bancorp during the 4th quarter worth about $181,000. Trust Point Inc. acquired a new stake in shares of Old National Bancorp during the 4th quarter worth about $189,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Old National Bancorp during the 4th quarter worth about $192,000. Finally, Lynch & Associates IN increased its position in Old National Bancorp by 18.9% during the third quarter. Lynch & Associates IN now owns 12,167 shares of the bank's stock worth $177,000 after buying an additional 1,932 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on ONB shares. StockNews.com raised Old National Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday. Stephens cut their price target on Old National Bancorp from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $20.00 target price on shares of Old National Bancorp in a report on Tuesday, April 2nd. Barclays boosted their target price on Old National Bancorp from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, UBS Group dropped their target price on Old National Bancorp from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Old National Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Old National Bancorp Trading Down 0.5 %

Old National Bancorp stock traded down $0.09 during trading on Friday, hitting $16.57. The company's stock had a trading volume of 1,325,816 shares, compared to its average volume of 2,728,749. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 8.96 and a beta of 0.83. The stock's fifty day moving average is $16.47 and its 200 day moving average is $15.95. Old National Bancorp has a 1-year low of $11.66 and a 1-year high of $17.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.92 and a current ratio of 0.92.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last released its earnings results on Tuesday, April 23rd. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $440.20 million during the quarter, compared to analyst estimates of $440.00 million. Old National Bancorp had a return on equity of 16.06% and a net margin of 20.99%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts predict that Old National Bancorp will post 1.83 EPS for the current year.

Old National Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 4th. This represents a $0.56 annualized dividend and a yield of 3.38%. Old National Bancorp's dividend payout ratio is presently 30.27%.

About Old National Bancorp

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.