Old National Bancorp $ONB Position Increased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in Old National Bancorp (NASDAQ:ONB) by 345.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,126 shares of the bank’s stock after buying an additional 80,737 shares during the quarter. Squarepoint Ops LLC’s holdings in Old National Bancorp were worth $2,222,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Old National Bancorp by 439.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,595,144 shares of the bank’s stock worth $55,380,000 after acquiring an additional 2,114,266 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Old National Bancorp during the second quarter valued at $208,000. Headlands Technologies LLC acquired a new position in shares of Old National Bancorp in the 2nd quarter valued at $190,000. CANADA LIFE ASSURANCE Co increased its stake in Old National Bancorp by 0.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 292,432 shares of the bank’s stock worth $6,244,000 after purchasing an additional 754 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Old National Bancorp by 257.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 72,161 shares of the bank’s stock worth $1,540,000 after buying an additional 52,001 shares during the period. Institutional investors own 83.66% of the company’s stock.

Old National Bancorp Trading Up 0.4%

Old National Bancorp stock opened at $23.09 on Friday. Old National Bancorp has a 12 month low of $16.83 and a 12 month high of $24.49. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.80. The stock has a market cap of $9.02 billion, a P/E ratio of 13.50 and a beta of 0.84. The company’s fifty day simple moving average is $21.28 and its 200-day simple moving average is $21.64.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Tuesday, February 1st. The bank reported $0.46 earnings per share (EPS) for the quarter. Old National Bancorp had a return on equity of 10.42% and a net margin of 17.39%.The business had revenue of $222.80 million during the quarter. As a group, sell-side analysts forecast that Old National Bancorp will post 2.08 EPS for the current fiscal year.

Old National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, December 5th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. Old National Bancorp’s payout ratio is presently 32.75%.

Analyst Ratings Changes

Several research firms have recently weighed in on ONB. Weiss Ratings reissued a “buy (b)” rating on shares of Old National Bancorp in a research report on Monday. Truist Financial lowered their price objective on shares of Old National Bancorp from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Piper Sandler reissued an “overweight” rating and set a $26.00 target price (down from $27.00) on shares of Old National Bancorp in a research note on Thursday, October 23rd. UBS Group assumed coverage on Old National Bancorp in a research report on Monday. They issued a “neutral” rating and a $25.00 target price for the company. Finally, Cowen reissued a “hold” rating on shares of Old National Bancorp in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Old National Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Old National Bancorp Company 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.