Natixis Advisors L.P. Buys 50,685 Shares of Old National Bancorp (NASDAQ:ONB)

Natixis Advisors L.P. increased its holdings in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 266,797 shares of the bank's stock after buying an additional 50,685 shares during the quarter. Natixis Advisors L.P. owned 0.09% of Old National Bancorp worth $4,505,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Parkside Financial Bank & Trust lifted its stake in shares of Old National Bancorp by 57.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,608 shares of the bank's stock valued at $38,000 after acquiring an additional 949 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in shares of Old National Bancorp during the fourth quarter worth about $181,000. Trust Point Inc. acquired a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $189,000. Prime Capital Investment Advisors LLC bought a new position in Old National Bancorp in the 4th quarter valued at approximately $192,000. Finally, PNC Financial Services Group Inc. boosted its position in Old National Bancorp by 5.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 15,633 shares of the bank's stock worth $227,000 after buying an additional 876 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Old National Bancorp Trading Up 1.0 %

Shares of ONB stock traded up $0.17 during trading hours on Friday, hitting $17.45. 1,353,620 shares of the company were exchanged, compared to its average volume of 2,004,879. The company has a 50 day simple moving average of $16.62 and a two-hundred day simple moving average of $16.14. The firm has a market cap of $5.57 billion, a P/E ratio of 9.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 0.92. Old National Bancorp has a fifty-two week low of $11.80 and a fifty-two week high of $17.64.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Old National Bancorp had a net margin of 20.99% and a return on equity of 11.31%. The business had revenue of $440.20 million for the quarter, compared to analyst estimates of $440.00 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Old National Bancorp's revenue was down 3.8% on a year-over-year basis. Equities analysts anticipate that Old National Bancorp will post 1.83 EPS for the current year.

Old National Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Monday, March 4th. Old National Bancorp's payout ratio is 30.27%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ONB shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $20.00 price target on shares of Old National Bancorp in a research note on Tuesday, April 2nd. Barclays increased their price target on Old National Bancorp from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, April 24th. StockNews.com lowered Old National Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, May 3rd. UBS Group decreased their target price on shares of Old National Bancorp from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Wednesday, January 24th. Finally, Stephens lowered their price target on shares of Old National Bancorp from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Old National Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $18.86.

Insider Activity at Old National Bancorp

In related news, CFO Brendon B. Falconer sold 49,375 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $16.28, for a total value of $803,825.00. Following the transaction, the chief financial officer now directly owns 88,712 shares in the company, valued at approximately $1,444,231.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.07% of the stock is currently owned by corporate insiders.

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.