Dimensional Fund Advisors LP Purchases 841,195 Shares of Old National Bancorp (NASDAQ:ONB)

Dimensional Fund Advisors LP boosted its holdings in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,279,004 shares of the bank's stock after acquiring an additional 841,195 shares during the period. Dimensional Fund Advisors LP owned 4.88% of Old National Bancorp worth $241,176,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Raymond James & Associates raised its holdings in Old National Bancorp by 7.1% in the third quarter. Raymond James & Associates now owns 299,281 shares of the bank's stock worth $4,352,000 after purchasing an additional 19,903 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Old National Bancorp by 24.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,818 shares of the bank's stock valued at $812,000 after acquiring an additional 11,074 shares during the period. AlphaMark Advisors LLC bought a new stake in shares of Old National Bancorp in the third quarter worth about $228,000. Teacher Retirement System of Texas lifted its holdings in shares of Old National Bancorp by 54.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 129,800 shares of the bank's stock valued at $1,887,000 after purchasing an additional 45,863 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Old National Bancorp by 39.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 83,139 shares of the bank's stock valued at $1,209,000 after purchasing an additional 23,700 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ONB shares. Stephens reduced 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. StockNews.com lowered Old National Bancorp from a "hold" rating to a "sell" rating in a report on Friday, May 3rd. UBS Group decreased their price objective on Old National Bancorp from $20.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, January 24th. Barclays boosted their target price 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. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $18.00 price objective on shares of Old National Bancorp in a report on Tuesday, April 9th. One research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.86.

Old National Bancorp Stock Up 1.3 %

ONB traded up $0.22 during trading on Tuesday, reaching $17.56. 1,157,843 shares of the stock were exchanged, compared to its average volume of 2,151,823. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50 day moving average price is $16.66 and its two-hundred day moving average price is $16.21. Old National Bancorp has a twelve month low of $12.20 and a twelve month high of $17.64. The stock has a market cap of $5.60 billion, a P/E ratio of 9.49 and a beta of 0.83.

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, beating 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 during the quarter, compared to the consensus estimate of $440.00 million. During the same period last year, the business posted $0.54 EPS. Old National Bancorp's revenue was down 3.8% on a year-over-year basis. Equities analysts expect that Old National Bancorp will post 1.83 EPS for the current year.

Old National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.14 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.56 dividend on an annualized basis and a yield of 3.19%. Old National Bancorp's dividend payout ratio (DPR) is currently 30.27%.

Insiders Place Their Bets

In other Old National Bancorp news, CFO Brendon B. Falconer sold 49,375 shares of the company's 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 of the company's stock, valued at approximately $1,444,231.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.07% of the company's stock.

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.