Ameritas Investment Partners Inc. Continues to Hold Position in Old National Bancorp (ONB)

Ameritas Investment Partners Inc. continued to hold its stake in shares of Old National Bancorp (NASDAQ:ONB) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,477 shares of the bank’s stock at the close of the second quarter. Ameritas Investment Partners Inc.’s holdings in Old National Bancorp were worth $198,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ONB. BlackRock Inc. raised its position in shares of Old National Bancorp by 52,609.0% in the 1st quarter. BlackRock Inc. now owns 16,743,528 shares of the bank’s stock valued at $290,500,000 after buying an additional 16,711,762 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Old National Bancorp by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,353,720 shares of the bank’s stock valued at $195,853,000 after buying an additional 603,021 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Old National Bancorp by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 12,455,653 shares of the bank’s stock valued at $216,106,000 after buying an additional 586,666 shares in the last quarter. State Street Corp raised its position in shares of Old National Bancorp by 9.7% in the 2nd quarter. State Street Corp now owns 6,021,497 shares of the bank’s stock valued at $103,868,000 after buying an additional 530,755 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Old National Bancorp by 25.5% in the 2nd quarter. Macquarie Group Ltd. now owns 2,596,000 shares of the bank’s stock valued at $44,781,000 after buying an additional 527,480 shares in the last quarter. Institutional investors own 71.94% of the company’s stock.

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ONB has been the subject of several analyst reports. Boenning Scattergood set a $21.00 target price on shares of Old National Bancorp and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Jefferies Group LLC restated a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research report on Friday, August 11th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 target price on shares of Old National Bancorp in a research report on Wednesday, July 26th. Finally, Zacks Investment Research cut shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.92.

Old National Bancorp (NASDAQ:ONB) last announced its earnings results on Tuesday, October 24th. The bank reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $154.84 million for the quarter, compared to the consensus estimate of $152.48 million. Old National Bancorp had a net margin of 21.61% and a return on equity of 8.39%. During the same period last year, the firm posted $0.25 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, November 30th. Old National Bancorp’s dividend payout ratio is currently 47.71%.

In related news, insider John R. Kamin sold 5,531 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $16.56, for a total value of $91,593.36. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.79% of the company’s stock.

Old National Bancorp Profile

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.

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Institutional Ownership by Quarter for Old National Bancorp (NASDAQ:ONB)

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