Old National Bancorp (NASDAQ:ONB) Stake Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky held its stake in shares of Old National Bancorp (NASDAQ:ONB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,993 shares of the bank’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Old National Bancorp were worth $746,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ONB. Personal Capital Advisors Corp raised its stake in shares of Old National Bancorp by 5.0% in the first quarter. Personal Capital Advisors Corp now owns 683,960 shares of the bank’s stock worth $11,525,000 after buying an additional 32,636 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in Old National Bancorp by 3.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,239,362 shares of the bank’s stock worth $21,503,000 after buying an additional 37,605 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Old National Bancorp by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 14,980 shares of the bank’s stock worth $259,000 after buying an additional 370 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Old National Bancorp by 2.6% in the first quarter. Nisa Investment Advisors LLC now owns 47,400 shares of the bank’s stock valued at $822,000 after buying an additional 1,200 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Old National Bancorp by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 55,100 shares of the bank’s stock valued at $956,000 after buying an additional 800 shares in the last quarter. 71.26% of the stock is currently owned by institutional investors.

Shares of Old National Bancorp (NASDAQ ONB) remained flat at $16.25 during mid-day trading on Friday. The company’s stock had a trading volume of 543,853 shares. The stock’s 50 day moving average price is $16.76 and its 200-day moving average price is $17.11. The company has a market capitalization of $2.20 billion, a P/E ratio of 15.43 and a beta of 1.10. Old National Bancorp has a one year low of $13.53 and a one year high of $18.95.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Wednesday, August 30th. Old National Bancorp’s payout ratio is 49.52%.

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Several research analysts have weighed in on the company. Zacks Investment Research upgraded Old National Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, May 25th. Jefferies Group LLC reissued a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a research note on Monday, May 15th. BidaskClub raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a “hold – neutral” rating on shares of Old National Bancorp in a research note on Monday, June 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.30.

In other news, insider John R. Kamin sold 5,531 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $16.56, for a total transaction of $91,593.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 13,863 shares of company stock valued at $232,637 over the last ninety days. 1.79% of the stock is owned by 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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