Ameriprise Financial Inc. boosted its position in Old National Bancorp (NASDAQ:ONB) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 960,699 shares of the bank’s stock after purchasing an additional 12,625 shares during the quarter. Ameriprise Financial Inc. owned about 0.71% of Old National Bancorp worth $16,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ONB. Wells Fargo & Company MN lifted its position in shares of Old National Bancorp by 2.4% during the 1st quarter. Wells Fargo & Company MN now owns 200,753 shares of the bank’s stock valued at $3,482,000 after acquiring an additional 4,640 shares during the period. US Bancorp DE lifted its position in shares of Old National Bancorp by 58.9% during the 1st quarter. US Bancorp DE now owns 10,714 shares of the bank’s stock valued at $185,000 after acquiring an additional 3,970 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Old National Bancorp by 8.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 27,337 shares of the bank’s stock valued at $474,000 after acquiring an additional 2,069 shares during the period. Swiss National Bank lifted its position in shares of Old National Bancorp by 1.7% during the 1st quarter. Swiss National Bank now owns 211,084 shares of the bank’s stock valued at $3,662,000 after acquiring an additional 3,600 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Old National Bancorp by 7.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 82,411 shares of the bank’s stock valued at $1,430,000 after acquiring an additional 5,861 shares during the period. Institutional investors and hedge funds own 72.62% of the company’s stock.

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A number of analysts have recently weighed in on ONB shares. BidaskClub upgraded Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Raymond James Financial, Inc. upgraded Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research report on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “hold – neutral” rating on shares of Old National Bancorp in a research report on Monday, June 12th. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 target price on shares of Old National Bancorp in a research report on Friday, August 11th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $18.00 target price on shares of Old National Bancorp in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.67.

Shares of Old National Bancorp (NASDAQ:ONB) opened at 18.25 on Thursday. The stock’s 50 day moving average price is $16.81 and its 200-day moving average price is $16.79. Old National Bancorp has a 52-week low of $13.69 and a 52-week high of $18.95. The company has a market capitalization of $2.47 billion, a P/E ratio of 17.33 and a beta of 1.10.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. The firm had revenue of $153.60 million during the quarter, compared to analyst estimates of $153.57 million. During the same period last year, the company earned $0.31 earnings per share. On average, equities analysts expect that Old National Bancorp will post $1.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Wednesday, August 30th. Old National Bancorp’s payout ratio is currently 49.52%.

In other news, insider John R. Kamin sold 5,531 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $16.56, for a total value of $91,593.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.79% of the stock is owned by company insiders.

Old National Bancorp Company 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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