Russell Investments Group Ltd. lessened its position in Old National Bancorp (NASDAQ:ONB – Get Rating) by 36.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,001 shares of the bank’s stock after selling 291,476 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Old National Bancorp worth $9,026,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in shares of Old National Bancorp by 15.4% during the 4th quarter. ProShare Advisors LLC now owns 55,784 shares of the bank’s stock worth $1,003,000 after purchasing an additional 7,442 shares during the period. Comerica Bank increased its holdings in shares of Old National Bancorp by 5.1% during the 3rd quarter. Comerica Bank now owns 253,244 shares of the bank’s stock worth $4,644,000 after purchasing an additional 12,299 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Old National Bancorp by 54.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,238 shares of the bank’s stock worth $37,000 after purchasing an additional 790 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Old National Bancorp by 12.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,399 shares of the bank’s stock worth $744,000 after purchasing an additional 4,714 shares during the period. Finally, AXA S.A. bought a new position in shares of Old National Bancorp during the 3rd quarter worth about $280,000. Institutional investors own 76.41% of the company’s stock.
Insider Transactions at Old National Bancorp
In related news, EVP John V. Moran acquired 2,500 shares of the stock in a transaction dated Tuesday, May 9th. The stock was bought at an average price of $19.85 per share, with a total value of $49,625.00. Following the completion of the transaction, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at $49,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James C. Ryan III acquired 8,200 shares of the stock in a transaction dated Thursday, May 4th. The stock was bought at an average price of $12.22 per share, with a total value of $100,204.00. Following the completion of the transaction, the chief executive officer now directly owns 625,066 shares of the company’s stock, valued at $7,638,306.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John V. Moran acquired 2,500 shares of the stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of $19.85 per share, with a total value of $49,625.00. Following the transaction, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at $49,625. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 23,200 shares of company stock valued at $317,679 and sold 84,308 shares valued at $1,510,217. 0.89% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Old National Bancorp Price Performance
Shares of ONB stock opened at $12.21 on Friday. Old National Bancorp has a 1 year low of $11.66 and a 1 year high of $20.19. The firm’s 50 day moving average is $14.00 and its 200-day moving average is $16.74. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 6.07 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14.
Old National Bancorp (NASDAQ:ONB – Get Rating) last announced its earnings results on Tuesday, April 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $457.84 million for the quarter, compared to analyst estimates of $456.00 million. Old National Bancorp had a net margin of 28.42% and a return on equity of 12.73%. Old National Bancorp’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. Sell-side analysts forecast that Old National Bancorp will post 2.06 EPS for the current fiscal year.
Old National Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Wednesday, May 31st. Old National Bancorp’s payout ratio is presently 27.86%.
Old National Bancorp Company Profile
Old National Bancorp operates as a financial holding company. It engages in the provision of financial and banking solutions. The firm’s Community Banking segment provides commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust and investment advisory services.
Read More
- Get a free copy of the StockNews.com research report on Old National Bancorp (ONB)
- An Updraft Is Brewing For DraftKings
- PepsiCo Hits “Sweet Spot” For APAC Growth, Macros Agree
- High-Risk Mullen Automotive Continues To Build Momentum
- 3 Recession-Proof Stocks With Nice Dividends
- Oracle Stock Climbs For Third Month, Still In Buy Range
Want to see what other hedge funds are holding ONB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old National Bancorp (NASDAQ:ONB – Get Rating).
Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
