Northern Trust Corp Has $44.10 Million Position in Old National Bancorp (ONB)

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Northern Trust Corp increased its position in shares of Old National Bancorp (NASDAQ:ONB) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,863,822 shares of the bank’s stock after purchasing an additional 6,728 shares during the quarter. Northern Trust Corp owned approximately 1.88% of Old National Bancorp worth $44,103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Old National Bancorp by 0.9% during the fourth quarter. BlackRock Inc. now owns 22,170,651 shares of the bank’s stock worth $341,428,000 after purchasing an additional 196,092 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Old National Bancorp by 2.7% during the third quarter. Vanguard Group Inc. now owns 15,238,108 shares of the bank’s stock worth $294,096,000 after purchasing an additional 405,285 shares during the last quarter. Vanguard Group Inc boosted its holdings in Old National Bancorp by 2.7% during the third quarter. Vanguard Group Inc now owns 15,238,108 shares of the bank’s stock worth $294,096,000 after purchasing an additional 405,285 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Old National Bancorp by 8.8% during the third quarter. Bank of New York Mellon Corp now owns 3,754,443 shares of the bank’s stock worth $72,460,000 after purchasing an additional 302,698 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Old National Bancorp by 8.7% during the third quarter. The Manufacturers Life Insurance Company now owns 2,971,175 shares of the bank’s stock worth $57,344,000 after purchasing an additional 238,182 shares during the last quarter. Institutional investors and hedge funds own 63.44% of the company’s stock.

ONB has been the topic of several research reports. Boenning Scattergood reaffirmed a “buy” rating on shares of Old National Bancorp in a research report on Thursday, January 24th. Stephens reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Old National Bancorp in a research report on Wednesday, December 19th. BidaskClub lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, ValuEngine lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Old National Bancorp presently has an average rating of “Hold” and an average target price of $20.38.

NASDAQ ONB opened at $16.33 on Friday. Old National Bancorp has a 12-month low of $14.45 and a 12-month high of $20.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $2.87 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.02.

Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). The firm had revenue of $204.38 million for the quarter, compared to analysts’ expectations of $194.62 million. Old National Bancorp had a net margin of 23.05% and a return on equity of 8.69%. During the same period in the prior year, the firm posted $0.22 EPS. Research analysts predict that Old National Bancorp will post 1.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.52 annualized dividend and a yield of 3.18%. Old National Bancorp’s dividend payout ratio is currently 40.31%.

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Old National Bancorp Company Profile

Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.

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

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