19,500 Shares in Old National Bancorp (NASDAQ:ONB) Acquired by Versor Investments LP

Versor Investments LP acquired a new stake in Old National Bancorp (NASDAQ:ONB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,500 shares of the bank’s stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Old National Bancorp by 194.8% in the second quarter. GAMMA Investing LLC now owns 1,521 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,005 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Old National Bancorp by 1,766.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank’s stock valued at $26,000 after buying an additional 1,325 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in Old National Bancorp in the 2nd quarter valued at approximately $28,000. LRI Investments LLC purchased a new position in Old National Bancorp during the first quarter worth $48,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Old National Bancorp during the second quarter worth $103,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Old National Bancorp Stock Performance

Shares of ONB stock opened at $21.23 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 12.87 and a beta of 0.82. Old National Bancorp has a one year low of $14.32 and a one year high of $22.75. The company has a 50 day moving average price of $19.28 and a 200 day moving average price of $18.32.

Old National Bancorp (NASDAQ:ONB) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Old National Bancorp had a return on equity of 10.10% and a net margin of 17.93%. The business had revenue of $485.86 million for the quarter, compared to analyst estimates of $482.20 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Old National Bancorp will post 1.84 EPS for the current year.

Old National Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, December 5th. Old National Bancorp’s dividend payout ratio (DPR) is presently 33.94%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ONB shares. StockNews.com downgraded shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on shares of Old National Bancorp from $19.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Barclays raised their target price on shares of Old National Bancorp from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Old National Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.43.

About Old National Bancorp

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.