TBH Global Asset Management LLC Has $1.03 Million Stock Holdings in Old National Bancorp (NASDAQ:ONB)

TBH Global Asset Management LLC increased its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,610 shares of the bank’s stock after purchasing an additional 3,465 shares during the quarter. TBH Global Asset Management LLC’s holdings in Old National Bancorp were worth $1,033,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning grew its stake in Old National Bancorp by 19.0% during the 3rd quarter. Creative Planning now owns 95,315 shares of the bank’s stock valued at $1,779,000 after acquiring an additional 15,250 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Old National Bancorp by 4.7% during the third quarter. Raymond James & Associates now owns 303,439 shares of the bank’s stock worth $5,662,000 after purchasing an additional 13,620 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Old National Bancorp by 1,766.7% during the third quarter. International Assets Investment Management LLC now owns 1,400 shares of the bank’s stock worth $26,000 after purchasing an additional 1,325 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in Old National Bancorp during the third quarter valued at approximately $471,000. Finally, State of Alaska Department of Revenue increased its stake in Old National Bancorp by 7.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 36,583 shares of the bank’s stock valued at $682,000 after buying an additional 2,510 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on ONB. StockNews.com lowered shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Barclays boosted their target price on Old National Bancorp from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price target (up from $24.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Stephens reissued an “overweight” rating and issued a $27.00 price target on shares of Old National Bancorp in a research note on Wednesday, January 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $27.00 price objective (up previously from $23.00) on shares of Old National Bancorp in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.29.

Old National Bancorp Stock Performance

Shares of NASDAQ ONB opened at $24.30 on Thursday. The business’s 50-day simple moving average is $22.68 and its 200-day simple moving average is $20.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.93. Old National Bancorp has a 52 week low of $15.38 and a 52 week high of $24.49. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 14.46 and a beta of 0.88.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. Old National Bancorp had a return on equity of 14.32% and a net margin of 18.24%. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, equities research analysts expect that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Old National Bancorp Company Profile

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.