Pacer Advisors Inc. Grows Stock Holdings in Old National Bancorp (NASDAQ:ONB)

Pacer Advisors Inc. grew its holdings in shares of Old National Bancorp (NASDAQ:ONBFree Report) by 79.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,993 shares of the bank’s stock after buying an additional 19,430 shares during the quarter. Pacer Advisors Inc.’s holdings in Old National Bancorp were worth $743,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in shares of Old National Bancorp in the second quarter valued at $32,000. Parkside Financial Bank & Trust raised its holdings in Old National Bancorp by 57.2% in the third 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 in the last quarter. Money Concepts Capital Corp acquired a new stake in Old National Bancorp in the fourth quarter valued at $39,000. Ronald Blue Trust Inc. raised its holdings in Old National Bancorp by 55.6% in the third quarter. Ronald Blue Trust Inc. now owns 2,898 shares of the bank’s stock valued at $40,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Quarry LP raised its holdings in Old National Bancorp by 115.1% in the first quarter. Quarry LP now owns 2,925 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,565 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Old National Bancorp Stock Down 1.0 %

Shares of NASDAQ:ONB opened at $16.04 on Thursday. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.27 and a beta of 0.83. Old National Bancorp has a 1-year low of $11.66 and a 1-year high of $17.64. The company’s fifty day moving average is $16.52 and its two-hundred day moving average is $15.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.92 and a current ratio of 0.92.

Old National Bancorp (NASDAQ:ONBGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Old National Bancorp had a return on equity of 12.04% and a net margin of 22.91%. The firm had revenue of $689.85 million during the quarter, compared to analyst estimates of $448.87 million. During the same period last year, the business earned $0.56 EPS. Equities analysts anticipate that Old National Bancorp will post 1.84 EPS for the current year.

Old National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a $0.14 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.49%. Old National Bancorp’s dividend payout ratio (DPR) is presently 28.87%.

Analyst Ratings Changes

Several analysts recently issued reports on ONB shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Old National Bancorp in a report on Tuesday. StockNews.com cut shares of Old National Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. UBS Group cut their price target on shares of Old National Bancorp from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Stephens cut their price target on shares of Old National Bancorp from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Finally, Barclays began coverage on shares of Old National Bancorp in a report on Friday, March 8th. They set an “overweight” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.43.

Read Our Latest Report on ONB

Old National Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Old National Bancorp (NASDAQ:ONB)

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