Old National Bancorp (NASDAQ:ONB) is expected to pay $0.13 on Dec 15, 2016. The indicated annual dividend is $0.52. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Old National Bancorp’s current price of $17.45, the dividend is 0.74%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 1, 2016. The stock decreased 0.29% or $0.05 on November 25, hitting $17.45. Old National Bancorp (NASDAQ:ONB) has risen 34.13% since April 25, 2016 and is uptrending. It has outperformed by 28.11% the S&P500.
Old National Bancorp is a financial holding company. The company has a market cap of $2.35 billion. 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. It has a 16.2 P/E ratio. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services.
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 1.43, from 2.47 in 2016Q1. The ratio worsened, as 13 funds sold all Old National Bancorp shares owned while 36 reduced positions. 27 funds bought stakes while 94 increased positions. They now own 92.57 million shares or 15.40% more from 80.22 million shares in 2016Q1.
Alliancebernstein L P accumulated 225,609 shares or 0% of the stock. Moreover, Engineers Gate Manager Lp has 0.1% invested in Old National Bancorp (NASDAQ:ONB) for 116,610 shares. Keybank National Association Oh reported 80,088 shares or 0.01% of all its holdings. Moreover, Victory Capital Inc has 0.23% invested in Old National Bancorp (NASDAQ:ONB) for 4.66 million shares. Profund Advsrs Limited Liability Company accumulated 43,228 shares or 0.03% of the stock. Princeton Alpha Management Limited Partnership accumulated 0.19% or 85,576 shares. Amer Intl Gru Inc reported 99,220 shares or 0% of all its holdings. Citadel Advsrs Lc, a Illinois-based fund reported 129,851 shares. Suntrust Banks holds 20,244 shares or 0% of its portfolio. Blackrock Fund has 0.02% invested in the company for 8.81 million shares. Comerica Bancorporation accumulated 373,917 shares or 0.04% of the stock. Barclays Public Ltd Co has 42,558 shares for 0% of their US portfolio. Federated Invsts Pa accumulated 0% or 32,445 shares. Babson Cap Mngmt Limited Liability Company holds 0.01% or 19,115 shares in its portfolio. Loring Wolcott And Coolidge Fiduciary Llp Ma has 41,785 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 2 sales for $456,771 net activity. Shares for $14,345 were bought by Vanzo Kendra L. Wolking Christopher A sold 3,000 shares worth $39,510. Skillman Rebecca S bought $24,759 worth of stock. Morris James T had bought 500 shares worth $6,835. $461,490 worth of Old National Bancorp (NASDAQ:ONB) shares were sold by MOORE DARYL D.
Old National Bancorp (NASDAQ:ONB) Ratings Coverage
Out of 5 analysts covering Old National Bancorp (NASDAQ:ONB), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Old National Bancorp has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Raymond James upgraded the stock to “Outperform” rating in Tuesday, March 29 report. The rating was maintained by Wood on Tuesday, August 2 with “Market Perform”. The firm has “Overweight” rating by Stephens given on Tuesday, August 4. The stock of Old National Bancorp (NASDAQ:ONB) has “Neutral” rating given on Monday, July 11 by Piper Jaffray. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, November 22.
More news for Old National Bancorp (NASDAQ:ONB) were recently published by: Seekingalpha.com, which released: “Old National Bancorp: Sluggish Outlook” on November 01, 2016. Reuters.com‘s article titled: “BRIEF-Old National Bancorp says unit entered into 4 purchase agreements fo…” and published on November 21, 2016 is yet another important article.
ONB Company Profile
Old National Bancorp, incorporated on July 19, 1982, 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. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services. The Firm operates in two divisions: banking and insurance.
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