Old National Bancorp (NASDAQ:ONB) Shares Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lifted its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,145 shares of the bank’s stock after purchasing an additional 919 shares during the period. Ameritas Investment Partners Inc.’s holdings in Old National Bancorp were worth $1,656,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ONB. First Eagle Investment Management LLC raised its stake in Old National Bancorp by 27.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,698 shares of the bank’s stock valued at $7,777,000 after purchasing an additional 97,350 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of Old National Bancorp by 10.9% during the first quarter. Foundry Partners LLC now owns 534,462 shares of the bank’s stock valued at $9,305,000 after buying an additional 52,434 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Old National Bancorp by 35.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 113,082 shares of the bank’s stock worth $1,969,000 after acquiring an additional 29,400 shares during the last quarter. ProShare Advisors LLC grew its stake in Old National Bancorp by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 66,963 shares of the bank’s stock worth $1,166,000 after acquiring an additional 3,027 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Old National Bancorp by 4.7% in the 1st quarter. Russell Investments Group Ltd. now owns 236,491 shares of the bank’s stock valued at $4,117,000 after acquiring an additional 10,673 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Old National Bancorp Trading Down 0.7 %

Shares of Old National Bancorp stock traded down $0.14 during trading hours on Wednesday, hitting $20.05. The company’s stock had a trading volume of 1,336,774 shares, compared to its average volume of 2,081,386. The business has a fifty day moving average of $17.17 and a 200 day moving average of $16.77. Old National Bancorp has a 1-year low of $12.36 and a 1-year high of $20.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.40 billion, a PE ratio of 10.91 and a beta of 0.84.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 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 $750.93 million during the quarter, compared to the consensus estimate of $474.10 million. During the same period in the prior year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Old National Bancorp will post 1.82 EPS for the current year.

Old National Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Wednesday, June 5th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.79%. Old National Bancorp’s payout ratio is currently 30.27%.

Insider Activity at Old National Bancorp

In other Old National Bancorp news, CFO Brendon B. Falconer sold 49,375 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $16.28, for a total value of $803,825.00. Following the completion of the sale, the chief financial officer now owns 88,712 shares of the company’s stock, valued at $1,444,231.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Chady M. Alahmar sold 17,165 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $15.90, for a total transaction of $272,923.50. Following the completion of the sale, the chief executive officer now directly owns 50,001 shares in the company, valued at $795,015.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brendon B. Falconer sold 49,375 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $16.28, for a total value 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 disclosure for this sale can be found here. Company insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ONB shares. Royal Bank of Canada raised their price objective on Old National Bancorp from $19.00 to $22.00 and gave the stock a “sector perform” rating in a report on Wednesday. StockNews.com cut Old National Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. Hovde Group initiated coverage on shares of Old National Bancorp in a report on Monday, June 3rd. They set an “outperform” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $20.00 target price on shares of Old National Bancorp in a report on Tuesday, April 2nd. Finally, Barclays upped their price target on shares of Old National Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.63.

Old National Bancorp 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.