Price T Rowe Associates Inc. MD Buys 21,330 Shares of Old National Bancorp (NASDAQ:ONB)

Price T Rowe Associates Inc. MD lifted its position in shares of Old National Bancorp (NASDAQ:ONB - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,596 shares of the bank's stock after acquiring an additional 21,330 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.07% of Old National Bancorp worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ONB. Lee Danner & Bass Inc. acquired a new position in Old National Bancorp during the fourth quarter worth about $25,000. Empowered Funds LLC bought a new stake in shares of Old National Bancorp during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Old National Bancorp by 58.4% during the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank's stock worth $36,000 after purchasing an additional 615 shares in the last quarter. UMB Bank n.a. lifted its stake in Old National Bancorp by 58.9% in the 4th quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock valued at $39,000 after purchasing an additional 663 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in Old National Bancorp in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of Old National Bancorp from $30.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on Old National Bancorp from $26.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Barclays cut their price target on Old National Bancorp from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Stephens reaffirmed an "overweight" rating and issued a $27.00 price objective on shares of Old National Bancorp in a research note on Monday, April 14th. Finally, Raymond James cut their target price on shares of Old National Bancorp from $29.00 to $27.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Old National Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.63.

Old National Bancorp Trading Down 0.7 %

Old National Bancorp stock traded down $0.16 during mid-day trading on Friday, hitting $21.40. 1,600,094 shares of the stock were exchanged, compared to its average volume of 2,494,623. The firm's fifty day simple moving average is $20.42 and its two-hundred day simple moving average is $21.66. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.84. Old National Bancorp has a 12 month low of $15.60 and a 12 month high of $24.49. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.74 and a beta of 0.85.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The firm had revenue of $486.87 million during the quarter, compared to the consensus estimate of $478.37 million. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. Analysts forecast that Old National Bancorp will post 2.08 EPS for the current year.

Old National Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 5th. Old National Bancorp's dividend payout ratio (DPR) is 32.56%.

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.