Tributary Capital Management buys $11,170,042 stake in Old National Bancorp (ONB)

Old National Bancorp (ONB) : Tributary Capital Management scooped up 83,894 additional shares in Old National Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 818,918 shares of Old National Bancorp which is valued at $11,170,042.Old National Bancorp makes up approximately 1.55% of Tributary Capital Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in ONB in the latest quarter, The investment management firm added 13,292 additional shares and now holds a total of 95,567 shares of Old National Bancorp which is valued at $1,303,534. Ropes Wealth Advisors added ONB to its portfolio by purchasing 24,620 company shares during the most recent quarter which is valued at $335,817. Old National Bancorp makes up approx 0.11% of Ropes Wealth Advisors’s portfolio. Sg Americas Securities added ONB to its portfolio by purchasing 19,659 company shares during the most recent quarter which is valued at $261,465. Livingston Group Asset Management Co (operating As Southp… added ONB to its portfolio by purchasing 3,714 company shares during the most recent quarter which is valued at $48,802. Old National Bancorp makes up approx 0.03% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.

Old National Bancorp opened for trading at $13.7 and hit $13.8099 on the upside on Wednesday, eventually ending the session at $13.75, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 6,81,074 shares. Company has a market cap of $1,856 M.

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.Piper Jaffray Initiated Old National Bancorp on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $13.50.

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.

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