Raymond James & Associates Has $2.19 Million Stock Holdings in Old National Bancorp (NASDAQ:ONB)

Raymond James & Associates lessened its position in Old National Bancorp (NASDAQ:ONBGet Rating) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,106 shares of the bank’s stock after selling 31,295 shares during the period. Raymond James & Associates’ holdings in Old National Bancorp were worth $2,192,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ONB. BlackRock Inc. lifted its position in Old National Bancorp by 37.6% during the 1st quarter. BlackRock Inc. now owns 33,378,748 shares of the bank’s stock worth $546,744,000 after buying an additional 9,124,230 shares in the last quarter. Vanguard Group Inc. lifted its position in Old National Bancorp by 59.8% during the 1st quarter. Vanguard Group Inc. now owns 29,663,094 shares of the bank’s stock worth $485,881,000 after buying an additional 11,101,411 shares in the last quarter. State Street Corp lifted its position in Old National Bancorp by 54.9% during the 1st quarter. State Street Corp now owns 15,423,544 shares of the bank’s stock worth $252,638,000 after buying an additional 5,465,409 shares in the last quarter. Macquarie Group Ltd. lifted its position in Old National Bancorp by 4.4% during the 2nd quarter. Macquarie Group Ltd. now owns 5,223,156 shares of the bank’s stock worth $77,250,000 after buying an additional 219,950 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Old National Bancorp by 119.2% during the 1st quarter. Northern Trust Corp now owns 4,030,089 shares of the bank’s stock worth $66,012,000 after buying an additional 2,191,601 shares in the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.

Old National Bancorp Stock Performance

Shares of ONB stock opened at $18.02 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $5.28 billion, a PE ratio of 17.00 and a beta of 0.85. The stock has a 50-day moving average of $18.18 and a 200-day moving average of $17.65. Old National Bancorp has a one year low of $14.22 and a one year high of $20.19.

Old National Bancorp (NASDAQ:ONBGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $461.92 million during the quarter, compared to analysts’ expectations of $438.18 million. Old National Bancorp had a return on equity of 10.06% and a net margin of 19.71%. Old National Bancorp’s revenue was up 120.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. As a group, sell-side analysts expect that Old National Bancorp will post 1.97 earnings per share for the current year.

Old National Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a $0.14 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.56 annualized dividend and a dividend yield of 3.11%. Old National Bancorp’s dividend payout ratio is presently 52.83%.

Analyst Ratings Changes

Several brokerages recently issued reports on ONB. Royal Bank of Canada upped their price target on shares of Old National Bancorp from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 26th. StockNews.com cut Old National Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.67.

Old National Bancorp Company Profile

(Get Rating)

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers 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.

See Also

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

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