Old National Bancorp (NASDAQ:ONB) Shares Sold by Bfsg LLC

Bfsg LLC reduced its position in Old National Bancorp (NASDAQ:ONB) by 37.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,365 shares of the bank’s stock after selling 4,430 shares during the quarter. Bfsg LLC’s holdings in Old National Bancorp were worth $160,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ONB. Creative Planning boosted its holdings in shares of Old National Bancorp by 19.0% in the third quarter. Creative Planning now owns 95,315 shares of the bank’s stock valued at $1,779,000 after acquiring an additional 15,250 shares during the period. Raymond James & Associates boosted its holdings in shares of Old National Bancorp by 4.7% in the third quarter. Raymond James & Associates now owns 303,439 shares of the bank’s stock valued at $5,662,000 after acquiring an additional 13,620 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Old National Bancorp by 1,766.7% in the third quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,325 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Old National Bancorp during the third quarter worth approximately $471,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Old National Bancorp by 7.4% during the third quarter. State of Alaska Department of Revenue now owns 36,583 shares of the bank’s stock worth $682,000 after purchasing an additional 2,510 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Old National Bancorp Trading Up 1.3 %

Shares of ONB stock opened at $24.21 on Wednesday. Old National Bancorp has a fifty-two week low of $15.38 and a fifty-two week high of $24.49. The stock has a market cap of $7.72 billion, a P/E ratio of 14.41 and a beta of 0.88. The business has a fifty day simple moving average of $22.66 and a 200-day simple moving average of $20.76. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Old National Bancorp had a return on equity of 14.32% and a net margin of 18.24%. During the same period in the previous year, the company earned $0.46 earnings per share. On average, analysts forecast that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ONB. Stephens restated an “overweight” rating and set a $27.00 price target on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on Old National Bancorp from $23.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. StockNews.com cut Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price objective (up previously from $23.00) on shares of Old National Bancorp in a research report on Tuesday, November 26th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $29.00 price objective (up previously from $28.00) on shares of Old National Bancorp in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.29.

Old National Bancorp Profile

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.