Ruffer LLP Buys Shares of 128,478 Old National Bancorp $ONB

Ruffer LLP bought a new stake in Old National Bancorp (NASDAQ:ONB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 128,478 shares of the bank’s stock, valued at approximately $2,871,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC lifted its stake in Old National Bancorp by 72.3% in the third quarter. Rothschild Investment LLC now owns 1,275 shares of the bank’s stock valued at $28,000 after buying an additional 535 shares during the last quarter. Glenmede Investment Management LP lifted its stake in Old National Bancorp by 1.0% in the third quarter. Glenmede Investment Management LP now owns 62,048 shares of the bank’s stock valued at $1,362,000 after buying an additional 625 shares during the last quarter. Connable Office Inc. lifted its stake in Old National Bancorp by 2.9% in the third quarter. Connable Office Inc. now owns 22,191 shares of the bank’s stock valued at $487,000 after buying an additional 635 shares during the last quarter. Quantum Portfolio Management LLC lifted its stake in Old National Bancorp by 4.5% in the third quarter. Quantum Portfolio Management LLC now owns 16,058 shares of the bank’s stock valued at $352,000 after buying an additional 690 shares during the last quarter. Finally, Teza Capital Management LLC lifted its stake in Old National Bancorp by 6.8% in the second quarter. Teza Capital Management LLC now owns 10,993 shares of the bank’s stock valued at $235,000 after buying an additional 702 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

More Old National Bancorp News

Here are the key news stories impacting Old National Bancorp this week:

• Positive Sentiment: Q1 EPS beat — ONB reported $0.61 EPS vs. a $0.60 consensus and $0.45 a year ago, showing earnings strength and margin improvement. Zacks: ONB Beats Q1 Earnings
• Positive Sentiment: Analyst support — Jefferies raised its price target to $25 (hold), giving the stock another near-term bid from the research community. StreetInsider: PT Raised to $25
• Positive Sentiment: Management tone — Management signaled confident growth on the Q1 call, which can reassure investors about outlook and execution. TipRanks: Confident Growth After Earnings
• Neutral Sentiment: Earnings call transcript available for detail — the full call transcript provides color on loan growth, margins and capital deployment for investors doing deeper due diligence. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Company materials — press release and slide deck posted with quarter details and metrics for modeling. Press Release & Slide Deck
• Neutral Sentiment: Analyst roundups examine key metrics versus estimates — useful for comparing loan/deposit trends and efficiency to peers. Zacks: Key Metrics vs Estimates
• Negative Sentiment: Revenue slightly missed consensus — Q1 revenue was $702.7M vs. a $706.6M consensus, a small shortfall that may temper enthusiasm despite the EPS beat. Yahoo Finance: Misses Q1 Revenue Estimates

Analyst Ratings Changes

A number of equities research analysts have issued reports on ONB shares. Jefferies Financial Group raised their target price on Old National Bancorp from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Old National Bancorp from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, January 22nd. National Bank Financial set a $30.00 price objective on shares of Old National Bancorp in a research note on Thursday, January 22nd. Stephens assumed coverage on shares of Old National Bancorp in a research note on Friday, March 27th. They set an “overweight” rating and a $27.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Old National Bancorp from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Old National Bancorp has an average rating of “Moderate Buy” and an average price target of $27.60.

Insider Transactions at Old National Bancorp

In related news, insider Nicholas J. Chulos sold 30,000 shares of Old National Bancorp stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $25.05, for a total transaction of $751,500.00. Following the transaction, the insider directly owned 20,438 shares of the company’s stock, valued at $511,971.90. The trade was a 59.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Old National Bancorp Price Performance

Shares of NASDAQ ONB opened at $24.02 on Thursday. Old National Bancorp has a fifty-two week low of $19.39 and a fifty-two week high of $26.17. The firm’s 50-day simple moving average is $22.99 and its 200 day simple moving average is $22.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.86. The stock has a market cap of $9.28 billion, a P/E ratio of 13.42 and a beta of 0.83.

Old National Bancorp (NASDAQ:ONB) last released its earnings results on Wednesday, April 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $702.69 million for the quarter, compared to analyst estimates of $706.62 million. Old National Bancorp had a return on equity of 10.75% and a net margin of 17.91%.Old National Bancorp’s revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Equities analysts expect that Old National Bancorp will post 2.58 EPS for the current year.

Old National Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, May 16th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, May 5th. Old National Bancorp’s payout ratio is presently 32.40%.

Old National Bancorp Profile

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.