Yousif Capital Management LLC Has $2.43 Million Stock Position in Old National Bancorp (NASDAQ:ONB)

Yousif Capital Management LLC lowered its stake in Old National Bancorp (NASDAQ:ONB) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,882 shares of the bank’s stock after selling 4,863 shares during the period. Yousif Capital Management LLC’s holdings in Old National Bancorp were worth $2,428,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of Old National Bancorp during the 2nd quarter worth $399,000. GAMMA Investing LLC boosted its stake in shares of Old National Bancorp by 156.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,906 shares of the bank’s stock valued at $73,000 after purchasing an additional 2,385 shares in the last quarter. CWM LLC grew its holdings in shares of Old National Bancorp by 0.7% during the 3rd quarter. CWM LLC now owns 87,365 shares of the bank’s stock valued at $1,630,000 after purchasing an additional 591 shares during the last quarter. Creative Planning increased its position in Old National Bancorp by 19.0% during the 3rd quarter. Creative Planning now owns 95,315 shares of the bank’s stock worth $1,779,000 after purchasing an additional 15,250 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Old National Bancorp in the 3rd quarter valued at approximately $399,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ONB shares. Keefe, Bruyette & Woods boosted their target price on shares of Old National Bancorp from $23.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Barclays increased their target price on Old National Bancorp from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Piper Sandler restated an “overweight” rating and set a $27.00 price target (up from $23.00) on shares of Old National Bancorp in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Finally, Raymond James reissued a “strong-buy” rating and set a $29.00 target price (up from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.29.

Old National Bancorp Trading Down 0.6 %

Shares of ONB stock opened at $24.31 on Monday. The company has a market cap of $7.75 billion, a P/E ratio of 14.47 and a beta of 0.88. Old National Bancorp has a fifty-two week low of $15.36 and a fifty-two week high of $24.49. The stock has a 50 day simple moving average of $22.53 and a two-hundred day simple moving average of $20.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.93.

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

Old National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.30%. The ex-dividend date was Thursday, December 5th. Old National Bancorp’s payout ratio is currently 33.33%.

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.