Xact Kapitalforvaltning AB purchased a new stake in Old National Bancorp (NASDAQ:ONB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,376 shares of the bank’s stock, valued at approximately $233,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of Old National Bancorp by 5,903.3% in the 4th quarter. Meeder Asset Management Inc. now owns 7,324 shares of the bank’s stock valued at $128,000 after buying an additional 7,202 shares during the period. Zeke Capital Advisors LLC acquired a new position in Old National Bancorp during the fourth quarter worth $177,000. Stifel Financial Corp acquired a new position in Old National Bancorp during the third quarter worth $196,000. Field & Main Bank acquired a new position in Old National Bancorp during the fourth quarter worth $206,000. Finally, Virtu Financial LLC acquired a new position in Old National Bancorp during the fourth quarter worth $212,000. 66.61% of the stock is owned by institutional investors and hedge funds.
Shares of ONB stock opened at $17.05 on Tuesday. The firm has a market cap of $2,562.23, a P/E ratio of 15.50 and a beta of 0.86. Old National Bancorp has a 1 year low of $15.38 and a 1 year high of $18.88. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.86.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). The firm had revenue of $163.40 million for the quarter, compared to analyst estimates of $170.13 million. Old National Bancorp had a return on equity of 7.80% and a net margin of 14.10%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. research analysts predict that Old National Bancorp will post 1.25 earnings per share for the current year.
Several equities analysts recently issued reports on ONB shares. Zacks Investment Research raised Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, December 27th. BidaskClub raised Old National Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Hilliard Lyons raised Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Friday, February 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price objective on shares of Old National Bancorp in a report on Friday, December 22nd. Finally, Boenning Scattergood set a $21.00 price objective on Old National Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.43.
About Old National Bancorp
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking.
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