Old National Bancorp (NASDAQ:ONB) Chairman Robert G. Jones sold 20,008 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $17.42, for a total value of $348,539.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Old National Bancorp (NASDAQ:ONB) traded down 0.86% during midday trading on Monday, hitting $17.30. 162,590 shares of the stock traded hands. The company has a market cap of $2.34 billion, a P/E ratio of 16.17 and a beta of 1.07. The company’s 50 day moving average is $15.14 and its 200-day moving average is $13.72. Old National Bancorp has a one year low of $10.69 and a one year high of $17.60.
Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Monday, October 31st. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Old National Bancorp had a return on equity of 7.62% and a net margin of 19.79%. During the same period in the prior year, the company posted $0.26 EPS. On average, equities research analysts forecast that Old National Bancorp will post $1.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.98%. Old National Bancorp’s payout ratio is currently 48.60%.
Several research firms recently issued reports on ONB. Raymond James Financial Inc. reissued a “market perform” rating on shares of Old National Bancorp in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Old National Bancorp from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Thursday, November 3rd. Hovde Group started coverage on shares of Old National Bancorp in a report on Wednesday, August 3rd. They issued a “market perform” rating and a $14.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of Old National Bancorp from $13.00 to $13.50 and gave the company a “market perform” rating in a report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in Old National Bancorp during the second quarter worth approximately $2,703,000. New York State Teachers Retirement System boosted its stake in shares of Old National Bancorp by 2.6% in the second quarter. New York State Teachers Retirement System now owns 306,934 shares of the company’s stock worth $3,846,000 after buying an additional 7,765 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in shares of Old National Bancorp by 62.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 69,470 shares of the company’s stock worth $870,000 after buying an additional 26,755 shares during the period. Foundry Partners LLC boosted its stake in shares of Old National Bancorp by 2,602.5% in the second quarter. Foundry Partners LLC now owns 867,437 shares of the company’s stock worth $10,869,000 after buying an additional 835,340 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Old National Bancorp by 1.1% in the second quarter. Capstone Asset Management Co. now owns 29,146 shares of the company’s stock worth $365,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 70.77% of the company’s stock.
About Old National Bancorp