Old National Bancorp (ONB) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Old National Bancorp (NASDAQ:ONB) by 0.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,418,907 shares of the bank’s stock after buying an additional 65,187 shares during the period. Dimensional Fund Advisors LP owned about 8.43% of Old National Bancorp worth $208,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Old National Bancorp by 0.4% in the second quarter. BlackRock Inc. now owns 16,815,750 shares of the bank’s stock valued at $290,072,000 after purchasing an additional 72,222 shares during the period. Vanguard Group Inc. grew its position in shares of Old National Bancorp by 1.3% in the second quarter. Vanguard Group Inc. now owns 12,616,903 shares of the bank’s stock valued at $217,642,000 after purchasing an additional 161,250 shares during the period. State Street Corp grew its position in shares of Old National Bancorp by 9.7% in the second quarter. State Street Corp now owns 6,021,497 shares of the bank’s stock valued at $103,868,000 after purchasing an additional 530,755 shares during the period. Bank of New York Mellon Corp grew its position in shares of Old National Bancorp by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 3,590,299 shares of the bank’s stock valued at $65,703,000 after purchasing an additional 42,046 shares during the period. Finally, Northern Trust Corp grew its position in shares of Old National Bancorp by 2.2% in the second quarter. Northern Trust Corp now owns 2,717,876 shares of the bank’s stock valued at $46,882,000 after purchasing an additional 59,750 shares during the period. 73.07% of the stock is owned by institutional investors.

Several analysts have recently issued reports on ONB shares. Zacks Investment Research lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. BidaskClub upgraded shares of Old National Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. UBS upgraded shares of Old National Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 19th. Jefferies Group reiterated a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research report on Friday, September 15th. Finally, ValuEngine lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.92.

Old National Bancorp (ONB) opened at $17.85 on Monday. The firm has a market cap of $2,419.09, a PE ratio of 15.39 and a beta of 1.03. Old National Bancorp has a 52-week low of $15.38 and a 52-week high of $18.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $154.84 million for the quarter, compared to analyst estimates of $152.48 million. Old National Bancorp had a net margin of 25.43% and a return on equity of 8.33%. During the same period in the previous year, the business posted $0.25 earnings per share. analysts anticipate that Old National Bancorp will post 1.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.52 dividend on an annualized basis and a yield of 2.91%. Old National Bancorp’s payout ratio is presently 47.71%.

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Old National Bancorp Profile

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.

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

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