41,641 Shares in Old National Bancorp $ONB Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Old National Bancorp (NASDAQ:ONB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,641 shares of the bank’s stock, valued at approximately $889,000.

Other institutional investors have also recently made changes to their positions in the company. OLD National Bancorp IN boosted its holdings in shares of Old National Bancorp by 2,525.9% in the 2nd quarter. OLD National Bancorp IN now owns 44,844,379 shares of the bank’s stock valued at $956,979,000 after buying an additional 43,136,619 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Old National Bancorp by 1.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 17,942,513 shares of the bank’s stock valued at $380,202,000 after acquiring an additional 216,188 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Old National Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 17,290,139 shares of the bank’s stock valued at $366,370,000 after acquiring an additional 183,850 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Old National Bancorp by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,813,765 shares of the bank’s stock valued at $188,105,000 after acquiring an additional 389,556 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Old National Bancorp by 17.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,557,437 shares of the bank’s stock worth $75,382,000 after purchasing an additional 520,528 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Old National Bancorp Stock Up 4.2%

ONB stock opened at $21.10 on Friday. Old National Bancorp has a fifty-two week low of $16.83 and a fifty-two week high of $24.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 12.34 and a beta of 0.89. The business’s fifty day moving average price is $21.16 and its two-hundred day moving average price is $21.52.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, February 1st. The bank reported $0.46 EPS for the quarter. Old National Bancorp had a net margin of 17.39% and a return on equity of 14.95%. The business had revenue of $222.80 million for the quarter. On average, equities analysts anticipate that Old National Bancorp will post 2.08 earnings per share for the current year.

Old National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, December 5th. Old National Bancorp’s payout ratio is 32.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ONB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old National Bancorp in a research note on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $26.00 price objective (down from $27.00) on shares of Old National Bancorp in a research report on Thursday, October 23rd. Cowen reiterated a “hold” rating on shares of Old National Bancorp in a research note on Monday, October 27th. TD Cowen increased their price target on Old National Bancorp from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, October 27th. Finally, Truist Financial reduced their price objective on shares of Old National Bancorp from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.27.

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.