Dynamic Advisor Solutions LLC Has $307,000 Stock Position in Old National Bancorp (NASDAQ:ONB)

Dynamic Advisor Solutions LLC cut its holdings in Old National Bancorp (NASDAQ:ONB) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,139 shares of the bank’s stock after selling 520 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Old National Bancorp were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Old National Bancorp by 58.9% in the 4th quarter. UMB Bank n.a. now owns 1,788 shares of the bank’s stock valued at $39,000 after acquiring an additional 663 shares during the last quarter. HB Wealth Management LLC acquired a new position in Old National Bancorp in the 4th quarter worth about $220,000. Fifth Third Wealth Advisors LLC bought a new position in Old National Bancorp in the fourth quarter valued at about $209,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Old National Bancorp during the fourth quarter valued at about $652,000. Finally, Versant Capital Management Inc grew its holdings in shares of Old National Bancorp by 58.4% during the fourth quarter. Versant Capital Management Inc now owns 1,668 shares of the bank’s stock worth $36,000 after purchasing an additional 615 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Old National Bancorp Trading Up 0.5 %

ONB opened at $23.58 on Wednesday. Old National Bancorp has a 1-year low of $15.36 and a 1-year high of $24.17. The company has a market cap of $7.52 billion, a P/E ratio of 14.04 and a beta of 0.87. The company has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $20.31. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.83.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.46 EPS. Analysts predict that Old National Bancorp will post 2.03 EPS for the current fiscal year.

Old National Bancorp Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, December 5th. Old National Bancorp’s payout ratio is currently 33.33%.

Analysts Set New Price Targets

ONB has been the topic of several recent research reports. Barclays lifted their target price on shares of Old National Bancorp from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Keefe, Bruyette & Woods increased their target price on shares of Old National Bancorp from $23.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Raymond James restated a “strong-buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Old National Bancorp in a research report on Wednesday, January 22nd. StockNews.com cut shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Stephens reaffirmed an “overweight” rating and set a $27.00 price target on shares of Old National Bancorp in a research report on Wednesday, January 22nd. One 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 company’s stock. According to data from MarketBeat.com, Old National Bancorp has a consensus rating of “Moderate Buy” and a consensus price target 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.