Old National Bancorp (NASDAQ:ONB - Get Free Report) CFO Brendon B. Falconer sold 49,375 shares of the firm's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $16.28, for a total transaction of $803,825.00. Following the completion of the sale, the chief financial officer now owns 88,712 shares of the company's stock, valued at approximately $1,444,231.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Old National Bancorp Trading Up 0.8 %
NASDAQ:ONB opened at $16.70 on Tuesday. Old National Bancorp has a 52-week low of $11.66 and a 52-week high of $17.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The stock has a fifty day simple moving average of $16.48 and a 200-day simple moving average of $15.96. The company has a market capitalization of $4.90 billion, a PE ratio of 9.03 and a beta of 0.83.
Old National Bancorp (NASDAQ:ONB - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Old National Bancorp had a net margin of 20.99% and a return on equity of 16.06%. The firm had revenue of $440.20 million during the quarter, compared to the consensus estimate of $440.00 million. During the same period last year, the firm posted $0.54 EPS. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Old National Bancorp will post 1.83 earnings per share for the current fiscal year.
Old National Bancorp Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 3.35%. Old National Bancorp's dividend payout ratio is currently 30.27%.
Institutional Investors Weigh In On Old National Bancorp
Large investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in shares of Old National Bancorp in the first quarter worth $28,000. Parkside Financial Bank & Trust increased its position in Old National Bancorp by 57.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,608 shares of the bank's stock worth $38,000 after purchasing an additional 949 shares in the last quarter. Quadrant Capital Group LLC increased its position in Old National Bancorp by 14.5% during the 4th quarter. Quadrant Capital Group LLC now owns 8,045 shares of the bank's stock worth $136,000 after purchasing an additional 1,020 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in Old National Bancorp in the 4th quarter valued at about $181,000. Finally, Trust Point Inc. purchased a new position in Old National Bancorp in the 4th quarter valued at about $189,000. Institutional investors and hedge funds own 83.66% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on ONB shares. Stephens reduced their price objective on shares of Old National Bancorp from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, January 24th. UBS Group reduced their price target on Old National Bancorp from $20.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $20.00 price objective on shares of Old National Bancorp in a report on Tuesday, April 2nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $18.00 target price on shares of Old National Bancorp in a report on Tuesday, April 9th. Finally, Barclays boosted their target price on shares of Old National Bancorp from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.86.
Get Our Latest Research Report on ONB
About Old National Bancorp
(
Get 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.
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