1 week Ago By Defense World Staff
Pictet Asset Management Holding SA boosted its position in shares of Old National Bancorp ( NASDAQ:ONB – Free Report ) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,281 shares of the bank’s stock after acquiring an additional 3,448 shares during the period.
Pictet Asset Management Holding SA’s holdings in Old National Bancorp were worth $983,000 at the end of the most recent quarter. Several other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Old National Bancorp during the 4th quarter valued at $76,684,000.
JPMorgan Chase & Co. increased its stake in Old National Bancorp by 12.3% in the 4th quarter.
JPMorgan Chase & Co. now owns 3,927,078 shares of the bank’s stock worth $85,237,000 after buying an additional 428,970 shares in the last quarter. Ausdal Financial Partners Inc.
raised its holdings in Old National Bancorp by 7.7% during the fourth quarter. Ausdal Financial Partners Inc.
now owns 30,928 shares of the bank’s stock valued at $671,000 after acquiring an additional 2,201 shares during the period. Advantage Alpha Capital Partners LP lifted its position in shares of Old National Bancorp by 12.7% in the fourth quarter.
Advantage Alpha Capital Partners LP now owns 29,064 shares of the bank’s stock valued at $631,000 after acquiring an additional 3,269 shares in the last quarter. Finally, Emerald Advisers LLC bought a new position in shares of Old National Bancorp in the fourth quarter worth about $104,000. Hedge funds and other institutional investors own 83.
66% of the company’s stock. Wall Street Analysts Forecast Growth ONB has been the topic of a number of research analyst reports. Stephens reissued an “overweight” rating and issued a $27.
00 price target on shares of Old National Bancorp in a report on Wednesday, January 22nd. Raymond James lowered their target price on shares of Old National Bancorp from $29.00 to $27.
00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 target price (up from $24.
00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Finally, Barclays boosted their price target on shares of Old National Bancorp from $26.00 to $27.
00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.
00. Old National Bancorp Stock Performance Shares of NASDAQ:ONB opened at $17.97 on Monday.
The firm has a fifty day simple moving average of $22.44 and a two-hundred day simple moving average of $21.45.
Old National Bancorp has a 52 week low of $15.38 and a 52 week high of $24.49.
The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.
84. The stock has a market capitalization of $5.73 billion, a P/E ratio of 10.
70 and a beta of 0.82. Old National Bancorp ( NASDAQ:ONB – Get Free Report ) last released its quarterly earnings results on Tuesday, January 21st.
The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.
03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.
24%. During the same period last year, the company earned $0.46 earnings per share.
On average, analysts expect that Old National Bancorp will post 2.08 earnings per share for the current fiscal year. Old National Bancorp Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Wednesday, March 5th were given a dividend of $0.14 per share. This represents a $0.
56 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Wednesday, March 5th.
Old National Bancorp’s dividend payout ratio is currently 33.33%. Old National Bancorp Profile ( Free Report ) Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States.
It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. Recommended Stories Five stocks we like better than Old National Bancorp Should You Add These Warren Buffett Stocks to Your Portfolio? Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? Dividend Capture Strategy: What You Need to Know Disney 2025 Shareholders: Major Updates for Investors Transportation Stocks Investing Advance Auto Parts Stock: A Classic Rebound Play in the Making 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 – Free Report ).
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