Marshall Wace LLP acquired a new position in shares of Old National Bancorp (NASDAQ:ONB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 53,031 shares of the bank’s stock, valued at approximately $870,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new stake in shares of Old National Bancorp during the fourth quarter valued at about $882,000. Toronto Dominion Bank purchased a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $35,000. LPL Financial LLC boosted its stake in shares of Old National Bancorp by 78.8% in the fourth quarter. LPL Financial LLC now owns 54,660 shares of the bank’s stock valued at $842,000 after purchasing an additional 24,086 shares during the period. BlackRock Inc. boosted its stake in shares of Old National Bancorp by 0.9% in the fourth quarter. BlackRock Inc. now owns 22,170,651 shares of the bank’s stock valued at $341,428,000 after purchasing an additional 196,092 shares during the period. Finally, Texas Permanent School Fund boosted its stake in shares of Old National Bancorp by 2.8% in the fourth quarter. Texas Permanent School Fund now owns 98,555 shares of the bank’s stock valued at $1,518,000 after purchasing an additional 2,695 shares during the period. Hedge funds and other institutional investors own 63.87% of the company’s stock.
In other news, insider Daryl D. Moore sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $17.15, for a total transaction of $171,500.00. Following the transaction, the insider now directly owns 85,979 shares of the company’s stock, valued at approximately $1,474,539.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.41% of the company’s stock.
Old National Bancorp (NASDAQ:ONB) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Old National Bancorp had a net margin of 23.07% and a return on equity of 8.43%. The business had revenue of $196.60 million during the quarter, compared to the consensus estimate of $198.64 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, sell-side analysts expect that Old National Bancorp will post 1.34 EPS for the current fiscal year.
ONB has been the subject of several recent research reports. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. ValuEngine raised shares of Vale from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Old National Bancorp presently has a consensus rating of “Hold” and a consensus price target of $21.00.
Old National Bancorp Profile
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.
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