Ausdal Financial Partners Inc. Purchases 2,201 Shares of Old National Bancorp (NASDAQ:ONB)

Ausdal Financial Partners Inc. increased its position in Old National Bancorp (NASDAQ:ONB) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,928 shares of the bank’s stock after buying an additional 2,201 shares during the period. Ausdal Financial Partners Inc.’s holdings in Old National Bancorp were worth $671,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Old National Bancorp in the fourth quarter worth about $25,000. Empowered Funds LLC purchased a new position in Old National Bancorp in the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in Old National Bancorp by 58.4% in the 4th quarter. Versant Capital Management Inc now owns 1,668 shares of the bank’s stock worth $36,000 after purchasing an additional 615 shares during the period. UMB Bank n.a. grew its holdings in Old National Bancorp by 58.9% during the 4th quarter. UMB Bank n.a. now owns 1,788 shares of the bank’s stock valued at $39,000 after buying an additional 663 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Old National Bancorp during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Old National Bancorp Trading Down 0.6 %

Shares of NASDAQ ONB opened at $21.46 on Friday. Old National Bancorp has a 1-year low of $15.38 and a 1-year high of $24.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.93 and a quick ratio of 0.92. The business’s 50 day moving average is $22.79 and its two-hundred day moving average is $21.35. The stock has a market capitalization of $6.85 billion, a P/E ratio of 12.77 and a beta of 0.85.

Old National Bancorp (NASDAQ:ONB) last released its earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the company posted $0.46 EPS. As a group, research analysts expect that Old National Bancorp will post 2.08 EPS for the current year.

Old National Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.61%. Old National Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

ONB has been the subject of a number of research reports. Barclays upped their target price on shares of Old National Bancorp from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. StockNews.com downgraded shares of Old National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Stephens reaffirmed an “overweight” rating and issued a $27.00 target price on shares of Old National Bancorp in a report on Wednesday, January 22nd. Raymond James reissued a “strong-buy” rating and set a $29.00 price target (up from $28.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price target (up previously from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.29.

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.