ETRADE Capital Management LLC decreased its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 24.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,815 shares of the bank’s stock after selling 6,364 shares during the quarter. ETRADE Capital Management LLC’s holdings in Old National Bancorp were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Arizona State Retirement System increased its holdings in shares of Old National Bancorp by 0.3% in the second quarter. Arizona State Retirement System now owns 70,636 shares of the bank’s stock valued at $1,218,000 after purchasing an additional 200 shares during the period. Phillips Financial Management LLC grew its holdings in Old National Bancorp by 1.0% during the second quarter. Phillips Financial Management LLC now owns 26,652 shares of the bank’s stock worth $446,000 after acquiring an additional 261 shares during the period. Amalgamated Bank grew its holdings in Old National Bancorp by 1.8% during the second quarter. Amalgamated Bank now owns 18,328 shares of the bank’s stock worth $316,000 after acquiring an additional 326 shares during the period. Columbia Asset Management boosted its position in Old National Bancorp by 4.0% during the second quarter. Columbia Asset Management now owns 12,478 shares of the bank’s stock worth $215,000 after purchasing an additional 478 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Old National Bancorp by 7.1% during the second quarter. Teacher Retirement System of Texas now owns 10,821 shares of the bank’s stock worth $187,000 after purchasing an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Shares of Old National Bancorp (ONB) opened at $18.25 on Monday. The company has a market capitalization of $2,473.29, a PE ratio of 15.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86. Old National Bancorp has a 12 month low of $15.38 and a 12 month high of $18.95.

Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Old National Bancorp had a return on equity of 8.39% and a net margin of 21.61%. The business had revenue of $154.84 million during the quarter, compared to analyst estimates of $152.48 million. During the same quarter last year, the firm earned $0.25 earnings per share. sell-side analysts anticipate that Old National Bancorp will post 1.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.85%. Old National Bancorp’s dividend payout ratio (DPR) is currently 47.71%.

ONB has been the topic of a number of research analyst reports. BidaskClub upgraded Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. ValuEngine downgraded Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group restated a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a research report on Friday, September 15th. Piper Jaffray Companies initiated coverage on Old National Bancorp in a research report on Friday, October 6th. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Boenning Scattergood began coverage on Old National Bancorp in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $20.50 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.92.

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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. The Company focuses on community banking.

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

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