Old National Bancorp (NASDAQ:ONB) Shares Sold by Boston Partners

Boston Partners lowered its holdings in Old National Bancorp (NASDAQ:ONB - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,170,732 shares of the bank's stock after selling 46,265 shares during the quarter. Boston Partners owned approximately 0.74% of Old National Bancorp worth $36,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust increased its position in Old National Bancorp by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,258 shares of the bank's stock valued at $55,000 after buying an additional 650 shares in the last quarter. PNC Financial Services Group Inc. increased 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 valued at $227,000 after buying an additional 876 shares in the last quarter. Arizona State Retirement System increased its position in Old National Bancorp by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 83,312 shares of the bank's stock valued at $1,211,000 after buying an additional 1,125 shares in the last quarter. Retirement Systems of Alabama increased its position in Old National Bancorp by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 366,492 shares of the bank's stock valued at $6,190,000 after buying an additional 1,163 shares in the last quarter. Finally, Ziegler Capital Management LLC increased its position in Old National Bancorp by 2.3% during the 4th quarter. Ziegler Capital Management LLC now owns 61,245 shares of the bank's stock valued at $1,034,000 after buying an additional 1,361 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

ONB has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $18.00 target price on shares of Old National Bancorp in a report on Tuesday, April 9th. UBS Group lowered their price target 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. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $20.00 price target on shares of Old National Bancorp in a report on Tuesday, April 2nd. Barclays upped their price target on Old National Bancorp from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, April 24th. Finally, StockNews.com downgraded Old National Bancorp from a "hold" rating to a "sell" rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.86.

Insider Buying and Selling at Old National Bancorp

In other Old National Bancorp news, CFO Brendon B. Falconer sold 49,375 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $16.28, for a total transaction of $803,825.00. Following the completion of the transaction, the chief financial officer now owns 88,712 shares in the company, valued at approximately $1,444,231.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.07% of the stock is currently owned by company insiders.

Old National Bancorp Price Performance

Shares of NASDAQ:ONB traded up $0.02 during trading on Wednesday, hitting $17.58. 1,521,709 shares of the company's stock were exchanged, compared to its average volume of 2,145,119. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.92 and a quick ratio of 0.92. Old National Bancorp has a 52-week low of $12.20 and a 52-week high of $17.82. The business's 50-day simple moving average is $16.66 and its 200 day simple moving average is $16.21. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 9.56 and a beta of 0.83.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last released 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 return on equity of 11.31% and a net margin of 20.99%. The firm had revenue of $440.20 million during the quarter, compared to analysts' expectations of $440.00 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm's revenue was down 3.8% on a year-over-year basis. As a group, equities analysts predict that Old National Bancorp will post 1.83 EPS for the current year.

Old National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, March 4th. Old National Bancorp's dividend payout ratio is presently 30.27%.

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.