Old National Bancorp (ONB) : Dalton Greiner Hartman Maher Co reduced its stake in Old National Bancorp by 6.99% during the most recent quarter end. The investment management company now holds a total of 1,186,025 shares of Old National Bancorp which is valued at $16,367,145 after selling 89,162 shares in Old National Bancorp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Old National Bancorp makes up approximately 1.08% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in ONB in the latest quarter, The investment management firm added 494 additional shares and now holds a total of 2,143 shares of Old National Bancorp which is valued at $29,573.Legal General Group Plc boosted its stake in ONB in the latest quarter, The investment management firm added 102,632 additional shares and now holds a total of 138,663 shares of Old National Bancorp which is valued at $1,955,148.Capstone Asset Management Co boosted its stake in ONB in the latest quarter, The investment management firm added 620 additional shares and now holds a total of 29,766 shares of Old National Bancorp which is valued at $419,701. Old National Bancorp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Independent Portfolio Consultants reduced its stake in ONB by selling 500 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 68,970 shares of ONB which is valued at $975,236. Old National Bancorp makes up approx 0.31% of Independent Portfolio Consultants’s portfolio.
Old National Bancorp closed down -0.15 points or -1.05% at $14.1 with 5,18,094 shares getting traded on Tuesday. Post opening the session at $14.23, the shares hit an intraday low of $14.02 and an intraday high of $14.285 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Old National Bancorp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.23.Analysts expectations of $ 153.69.During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Old National Bancorp. Hovde Group Initiated Old National Bancorp on Aug 3, 2016 to “Market Perform”, Price Target of the shares are set at $14.
Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned 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. Through its non-bank affiliates it provides insurance brokerage services and other financial services. It operates in two segments: banking which consists of lending and depository activities along with cash management private banking brokerage trust and investment advisory services and insurance which offers full-service insurance brokerage services including commercial property and casualty surety loss control services employee benefits consulting and administration and personal insurance. Old National Bank provides a range of services including commercial and consumer loan and depository services lease financing and other traditional banking services.