Deprince Race & Zollo Inc. lessened its position in Old National Bancorp (NASDAQ:ONB) by 53.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,112 shares of the bank’s stock after selling 437,499 shares during the period. Deprince Race & Zollo Inc. owned 0.22% of Old National Bancorp worth $5,962,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of ONB. Toronto Dominion Bank bought a new position in Old National Bancorp in the fourth quarter worth approximately $35,000. Claybrook Capital LLC bought a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $51,000. Oregon Public Employees Retirement Fund bought a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $57,000. LS Investment Advisors LLC lifted its holdings in shares of Old National Bancorp by 133.9% in the fourth quarter. LS Investment Advisors LLC now owns 9,911 shares of the bank’s stock valued at $153,000 after purchasing an additional 5,674 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Old National Bancorp by 9.8% in the fourth quarter. Strs Ohio now owns 10,100 shares of the bank’s stock valued at $155,000 after purchasing an additional 900 shares in the last quarter. 64.27% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ ONB traded down $0.27 during mid-day trading on Friday, hitting $16.87. The company had a trading volume of 874,153 shares, compared to its average volume of 811,232. The stock has a market cap of $2.96 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. Old National Bancorp has a 1 year low of $14.45 and a 1 year high of $20.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.83 and a current ratio of 0.83.
A number of research firms have recently weighed in on ONB. Zacks Investment Research lowered Old National Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. BidaskClub raised Old National Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Old National Bancorp in a research report on Thursday, January 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Old National Bancorp has a consensus rating of “Hold” and a consensus price target of $20.38.
TRADEMARK VIOLATION NOTICE: “Old National Bancorp (NASDAQ:ONB) Shares Sold by Deprince Race & Zollo Inc.” was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/21/deprince-race-zollo-inc-sells-437499-shares-of-old-national-bancorp-onb.html.
Old National Bancorp Profile
Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.
Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.