United Services Automobile Association Has $457,000 Holdings in Old National Bancorp (NASDAQ:ONB)

United Services Automobile Association trimmed its stake in shares of Old National Bancorp (NASDAQ:ONB) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,060 shares of the bank’s stock after selling 944 shares during the period. United Services Automobile Association’s holdings in Old National Bancorp were worth $457,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ONB. Advantage Alpha Capital Partners LP raised its stake in shares of Old National Bancorp by 12.7% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 29,064 shares of the bank’s stock valued at $631,000 after purchasing an additional 3,269 shares during the period. Emerald Advisers LLC acquired a new stake in Old National Bancorp in the 4th quarter valued at approximately $104,000. Vanguard Group Inc. lifted its stake in Old National Bancorp by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 33,921,274 shares of the bank’s stock valued at $736,261,000 after acquiring an additional 290,005 shares in the last quarter. LPL Financial LLC lifted its stake in Old National Bancorp by 3.8% in the 4th quarter. LPL Financial LLC now owns 114,726 shares of the bank’s stock valued at $2,490,000 after acquiring an additional 4,147 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Old National Bancorp during the 4th quarter worth approximately $1,412,000. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Old National Bancorp from $23.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. StockNews.com cut shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Barclays raised their price objective on Old National Bancorp from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Raymond James reiterated a “strong-buy” rating and set a $29.00 target price (up previously from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price target (up from $24.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.29.

Old National Bancorp Price Performance

Shares of NASDAQ ONB opened at $21.51 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average price is $22.85 and its two-hundred day moving average price is $21.33. The company has a market cap of $6.86 billion, a PE ratio of 12.80 and a beta of 0.85. Old National Bancorp has a twelve month low of $15.38 and a twelve month high of $24.49.

Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. During the same quarter last year, the firm posted $0.46 EPS. On average, analysts predict that Old National Bancorp will post 2.08 EPS for the current year.

Old National Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. Old National Bancorp’s dividend payout ratio (DPR) is currently 33.33%.

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.