Old National Bancorp (NASDAQ:ONB) posted its quarterly earnings data on Tuesday. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, MarketWatch Earnings reports. Old National Bancorp had a net margin of 20.00% and a return on equity of 7.81%. During the same quarter last year, the company earned $0.31 EPS.

Old National Bancorp (NASDAQ ONB) remained flat at $16.75 during mid-day trading on Tuesday. The company had a trading volume of 868,731 shares. The company has a 50 day moving average of $17.02 and a 200-day moving average of $17.27. The firm has a market capitalization of $2.27 billion, a P/E ratio of 15.55 and a beta of 1.11. Old National Bancorp has a 52 week low of $12.86 and a 52 week high of $18.95.

In other Old National Bancorp news, COO James A. Sandgren purchased 2,200 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was bought at an average cost of $16.70 per share, for a total transaction of $36,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Kamin sold 7,332 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $17.03, for a total value of $124,863.96. The disclosure for this sale can be found here. 1.79% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Old National Bancorp by 52,609.0% in the first quarter. BlackRock Inc. now owns 16,743,528 shares of the bank’s stock worth $290,500,000 after buying an additional 16,711,762 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Old National Bancorp by 4.9% in the first quarter. Vanguard Group Inc. now owns 12,455,653 shares of the bank’s stock worth $216,106,000 after buying an additional 586,666 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Old National Bancorp by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 10,750,699 shares of the bank’s stock worth $186,525,000 after buying an additional 429,008 shares during the last quarter. State Street Corp raised its position in shares of Old National Bancorp by 8.5% in the first quarter. State Street Corp now owns 5,490,742 shares of the bank’s stock worth $95,272,000 after buying an additional 428,365 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Old National Bancorp by 51.7% in the first quarter. Bank of New York Mellon Corp now owns 3,030,358 shares of the bank’s stock worth $52,576,000 after buying an additional 1,032,164 shares during the last quarter. Institutional investors own 71.10% of the company’s stock.

A number of research firms have recently issued reports on ONB. BidaskClub lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Keefe, Bruyette & Woods reiterated a “hold – neutral” rating on shares of Old National Bancorp in a research note on Monday, June 12th. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 price objective on shares of Old National Bancorp in a research note on Sunday, June 11th. Finally, Hilliard Lyons upgraded shares of Old National Bancorp from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $17.00 to $17.50 in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $16.83.

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About Old National Bancorp

Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking.

Earnings History for Old National Bancorp (NASDAQ:ONB)

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