Old National Bancorp (NASDAQ:onb) declared a quarterly dividend on Tuesday, November 1st. Investors of record on Thursday, December 1st will be paid a dividend of 0.13 per share on Thursday, December 15th. This represents a $0.52 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, November 29th.

Old National Bancorp (NASDAQ:ONB) opened at 17.50 on Thursday. Old National Bancorp has a 52 week low of $10.69 and a 52 week high of $17.55. The company has a market capitalization of $2.36 billion, a PE ratio of 16.36 and a beta of 1.07. The company’s 50-day moving average price is $15.02 and its 200 day moving average price is $13.68.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Old National Bancorp had a return on equity of 7.62% and a net margin of 19.79%. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts anticipate that Old National Bancorp will post $1.02 EPS for the current year.

Dividend History for Old National Bancorp (NASDAQ:onb)

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its position in shares of Old National Bancorp by 38.4% in the second quarter. BlackRock Advisors LLC now owns 73,154 shares of the company’s stock valued at $917,000 after buying an additional 20,282 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Old National Bancorp by 22.0% in the second quarter. BlackRock Investment Management LLC now owns 601,840 shares of the company’s stock valued at $7,541,000 after buying an additional 108,637 shares during the last quarter. BlackRock Inc. raised its stake in shares of Old National Bancorp by 266.0% in the second quarter. BlackRock Inc. now owns 31,914 shares of the company’s stock valued at $400,000 after buying an additional 23,194 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Old National Bancorp by 20.6% in the second quarter. BlackRock Fund Advisors now owns 8,813,113 shares of the company’s stock valued at $110,428,000 after buying an additional 1,504,625 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Old National Bancorp by 35.8% in the second quarter. BlackRock Group LTD now owns 219,021 shares of the company’s stock valued at $2,745,000 after buying an additional 57,797 shares during the last quarter. 70.20% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on ONB. Keefe, Bruyette & Woods raised their price target on Old National Bancorp from $13.00 to $13.50 and gave the stock a “market perform” rating in a research note on Tuesday, August 2nd. Zacks Investment Research raised Old National Bancorp from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research note on Thursday, November 3rd. Hovde Group started coverage on Old National Bancorp in a research note on Wednesday, August 3rd. They issued a “market perform” rating and a $14.00 price objective on the stock. Finally, Raymond James Financial Inc. reissued a “market perform” rating on shares of Old National Bancorp in a research note on Tuesday. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Old National Bancorp has an average rating of “Hold” and an average price target of $13.71.

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About Old National Bancorp

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. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services.

5 Day Chart for NASDAQ:ONB

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