14,522 Shares in Old National Bancorp (NASDAQ:ONB) Acquired by Sigma Planning Corp

Sigma Planning Corp acquired a new position in Old National Bancorp (NASDAQ:ONB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,522 shares of the bank’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Old National Bancorp by 1,766.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,325 shares during the period. Empowered Funds LLC bought a new position in Old National Bancorp in the 4th quarter valued at $28,000. Versant Capital Management Inc boosted its holdings in Old National Bancorp by 58.4% in the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank’s stock valued at $36,000 after purchasing an additional 615 shares during the period. UMB Bank n.a. boosted its holdings 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 period. Finally, Bank of Jackson Hole Trust bought a new position in Old National Bancorp in the 4th quarter valued at $65,000. 83.66% of the stock is owned by institutional investors.

Old National Bancorp Stock Performance

Old National Bancorp stock opened at $23.75 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $7.58 billion, a PE ratio of 14.14 and a beta of 0.88. The firm has a fifty day simple moving average of $22.89 and a two-hundred day simple moving average of $21.04. Old National Bancorp has a twelve month low of $15.38 and a twelve month high of $24.49.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 10.13%. During the same period in the prior year, the firm earned $0.46 earnings per share. Research analysts expect that Old National Bancorp will post 2.08 EPS for the current year.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, March 5th. Old National Bancorp’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several brokerages have commented on ONB. Barclays raised their price target on shares of Old National Bancorp from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price target (up from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Stephens restated an “overweight” rating and set a $27.00 price objective on shares of Old National Bancorp in a research report on Wednesday, January 22nd. Raymond James reaffirmed a “strong-buy” rating and set a $29.00 price objective (up from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $27.00 price objective (up from $23.00) on shares of Old National Bancorp in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Old National Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $26.29.

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.