Valeo Financial Advisors LLC Has $551,000 Stake in Old National Bancorp (NASDAQ:ONB)

Valeo Financial Advisors LLC boosted its position in Old National Bancorp (NASDAQ:ONB) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,364 shares of the bank’s stock after buying an additional 2,069 shares during the period. Valeo Financial Advisors LLC’s holdings in Old National Bancorp were worth $551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Old National Bancorp by 121,882.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,696,774 shares of the bank’s stock valued at $35,921,000 after buying an additional 1,695,383 shares during the period. Empowered Funds LLC acquired a new position in Old National Bancorp in the fourth quarter valued at $28,000. Choreo LLC acquired a new position in Old National Bancorp in the fourth quarter valued at $511,000. Greenleaf Trust acquired a new position in Old National Bancorp in the fourth quarter valued at $231,000. Finally, EMC Capital Management lifted its holdings in Old National Bancorp by 145.2% in the fourth quarter. EMC Capital Management now owns 22,445 shares of the bank’s stock valued at $487,000 after buying an additional 13,293 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Old National Bancorp Trading Up 0.1 %

ONB opened at $23.89 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.92. Old National Bancorp has a fifty-two week low of $15.38 and a fifty-two week high of $24.49. The firm has a market capitalization of $7.62 billion, a PE ratio of 14.22 and a beta of 0.88. The company’s 50-day moving average is $22.61 and its 200 day moving average is $20.69.

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 net margin of 18.24% and a return on equity of 14.32%. During the same period last year, the firm posted $0.46 EPS. As a group, research analysts predict that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ONB has been the topic of several research reports. Piper Sandler reiterated an “overweight” rating and set a $27.00 price objective (up previously from $23.00) on shares of Old National Bancorp in a report on Tuesday, November 26th. Raymond James reiterated a “strong-buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Old National Bancorp from $23.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. StockNews.com lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Stephens reiterated an “overweight” rating and set a $27.00 price objective on shares of Old National Bancorp in a report on Wednesday, January 22nd. One research 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 stock. According to MarketBeat.com, Old National Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $26.29.

About Old National Bancorp

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.