26,145 Shares in Old National Bancorp $ONB Purchased by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC purchased a new stake in Old National Bancorp (NASDAQ:ONB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,145 shares of the bank’s stock, valued at approximately $574,000.

A number of other hedge funds also recently added to or reduced their stakes in ONB. Norges Bank acquired a new position in shares of Old National Bancorp in the second quarter valued at approximately $79,396,000. Vanguard Group Inc. increased its stake in Old National Bancorp by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 36,813,066 shares of the bank’s stock valued at $808,047,000 after buying an additional 3,379,577 shares during the period. First Trust Advisors LP raised its position in Old National Bancorp by 104.6% during the 3rd quarter. First Trust Advisors LP now owns 5,227,241 shares of the bank’s stock worth $114,738,000 after buying an additional 2,672,319 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Old National Bancorp by 439.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,595,144 shares of the bank’s stock worth $55,380,000 after acquiring an additional 2,114,266 shares during the period. Finally, Algebris UK Ltd. purchased a new stake in shares of Old National Bancorp in the third quarter valued at about $25,622,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Old National Bancorp Stock Performance

Old National Bancorp stock opened at $21.88 on Thursday. Old National Bancorp has a fifty-two week low of $16.83 and a fifty-two week high of $26.17. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 12.22 and a beta of 0.84. The stock has a fifty day moving average of $23.87 and a two-hundred day moving average of $22.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.93 and a current ratio of 0.93.

Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $698.53 million for the quarter, compared to the consensus estimate of $705.62 million. Old National Bancorp had a return on equity of 10.75% and a net margin of 17.91%.During the same period in the prior year, the business earned $0.49 earnings per share. On average, analysts anticipate that Old National Bancorp will post 2.08 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, May 16th. Shareholders of record on Tuesday, May 5th will be issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, May 5th. Old National Bancorp’s dividend payout ratio is 32.40%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ONB shares. Stephens raised their price objective on shares of Old National Bancorp from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. National Bank Financial set a $30.00 target price on Old National Bancorp in a research note on Thursday, January 22nd. TD Cowen upgraded Old National Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old National Bancorp in a research report on Monday, December 29th. Finally, UBS Group restated a “neutral” rating and set a $26.00 target price on shares of Old National Bancorp in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.45.

Insider Activity

In other Old National Bancorp news, insider Nicholas J. Chulos sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $25.05, for a total transaction of $751,500.00. Following the sale, the insider directly owned 20,438 shares of the company’s stock, valued at $511,971.90. This trade represents a 59.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is owned by corporate insiders.

Old National Bancorp Company Profile

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.