Old National Bancorp $ONB Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its position in shares of Old National Bancorp (NASDAQ:ONB) by 97.5% during the 3rd quarter, Holdings Channel reports. The firm owned 53,101 shares of the bank’s stock after purchasing an additional 26,219 shares during the period. Vise Technologies Inc.’s holdings in Old National Bancorp were worth $1,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody Aldrich Partners LLC grew its holdings in Old National Bancorp by 4.2% during the third quarter. Moody Aldrich Partners LLC now owns 344,037 shares of the bank’s stock worth $8,477,000 after acquiring an additional 13,810 shares during the period. WESPAC Advisors LLC acquired a new stake in Old National Bancorp in the 3rd quarter valued at about $340,000. Brucke Financial Inc. acquired a new stake in Old National Bancorp in the 3rd quarter valued at about $295,000. Signaturefd LLC lifted its holdings in Old National Bancorp by 58.9% in the 3rd quarter. Signaturefd LLC now owns 7,108 shares of the bank’s stock valued at $175,000 after acquiring an additional 2,636 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Old National Bancorp during the 3rd quarter valued at about $431,000. Institutional investors own 83.66% of the company’s stock.

Insider Activity at Old National Bancorp

In related news, CFO John Moran sold 19,261 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $25.57, for a total transaction of $492,503.77. Following the completion of the sale, the chief financial officer directly owned 101,467 shares in the company, valued at approximately $2,594,511.19. This trade represents a 15.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Old National Bancorp Stock Down 0.5%

NASDAQ:ONB opened at $24.93 on Friday. The business’s fifty day moving average price is $25.18 and its 200 day moving average price is $24.67. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 10.18 and a beta of 0.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.85. Old National Bancorp has a 1-year low of $19.60 and a 1-year high of $27.36.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Wednesday, October 21st. The bank reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Old National Bancorp had a return on equity of 12.02% and a net margin of 23.36%. The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $732.04 million. During the same period last year, the company posted $0.59 EPS. On average, sell-side analysts forecast that Old National Bancorp will post 2.57 earnings per share for the current fiscal year.

Old National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Saturday, September 5th were issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, September 4th. Old National Bancorp’s dividend payout ratio (DPR) is currently 23.67%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ONB. Royal Bank Of Canada reduced their price objective on shares of Old National Bancorp from $29.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, October 9th. National Bank Financial set a $32.00 target price on shares of Old National Bancorp in a report on Friday, September 11th. Wells Fargo & Company initiated coverage on shares of Old National Bancorp in a research note on Thursday, September 24th. They set an “overweight” rating and a $30.00 target price for the company. Jefferies Financial Group restated a “hold” rating and set a $27.00 target price on shares of Old National Bancorp in a report on Wednesday, July 22nd. Finally, Raymond James Financial upgraded shares of Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Tuesday, October 6th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Old National Bancorp Company Profile

Old National Bancorp is a regional bank holding company headquartered in Evansville, Indiana. Founded in 1834, it operates primarily through Old National Bank, serving individuals, businesses and organizations across the Midwest.

The company offers consumer and commercial banking services, including checking and savings accounts, loans, mortgages, treasury management and digital banking. It also provides wealth management and trust services, as well as solutions for businesses and institutional clients.

Old National has expanded over its history through organic growth and acquisitions, building a presence in markets including Indiana, Illinois, Michigan, Wisconsin, Minnesota and Kentucky.