BNP Paribas Arbitrage SA Increases Position in Old National Bancorp (ONB)

Remigio Civitarese
Сентября 19, 2017

It improved, as 15 investors sold ONB shares while 63 reduced holdings. Hedge funds and other institutional investors own 72.90% of the company's stock. Accern also assigned news coverage about the financial services provider an impact score of 46.6742245022298 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. Old Commercial Bank In invested 1.97% in Old National Bancorp (NASDAQ:ONB). Boston Private Wealth LLC now owns 87,795 shares worth $1,514,000. Neuburgh Advisers LLC raised its position in shares of Old National Bancorp by 26.0% during the 1st quarter. Boston Private Wealth LLC grew its holdings by buying 3,564 shares an increase of 4.2% in the quarter. Tyers Asset Management LLC increased its stake in Old National Bancorp by 26.0% during the first quarter. This dividend represents a yeild of $3.18 which is the dividend as a percentage of the current share price. US Bancorp DE raised its position in Old National Bancorp by 58.9% in the 1st quarter. BlackRock Inc. now owns 16,743,528 shares of the bank's stock worth $290,500,000 after purchasing an additional 16,711,762 shares during the last quarter.

Among 8 analysts covering Old National Bancorp (NASDAQ:ONB), 1 have Buy rating, 0 Sell and 7 Hold. Jefferies Group LLC reiterated a hold rating and issued a $18.00 target price on shares of Old National Bancorp in a research note on Friday, August 11th. Zacks Investment Research cut shares of Old National Bancorp from a "buy" rating to a "hold" rating in a research note on Wednesday, May 24th. BidaskClub raised shares of Old National Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Old National Bancorp now has an average rating of "Hold" and a consensus target price of $18.30.

ILLEGAL ACTIVITY NOTICE: "BNP Paribas Arbitrage SA Increases Position in Old National Bancorp (ONB)" was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and global copyright and trademark legislation. The original version of this story can be read at https://www.truebluetribune.com/2017/09/17/jefferies-group-llc-reiterates-hold-rating-for-old-national-bancorp-onb.html. John R. Kamin, FORMER CIO let go of $124,864 worth of shares at an average price of $17.03 on July 17th. The shares were sold at an average price of $16.56, for a total transaction of $91,593.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John R. Kamin sold 5,531 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $17.03. The disclosure for this sale can be found here. Meadow Creek Investment Management LLC now owns 5,968 shares of the bank's stock worth $104,000 after purchasing an additional 1,232 shares during the period. Old National Bancorp had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The stock's 50 day moving average price is $16.34 and its 200-day moving average price is $16.84. The firm has a market capitalization of $2.22 billion, a P/E ratio of 15.57 and a beta of 1.08.

Nationwide Fund Advisors decreased Old National Bancorp/In (ONB) stake by 6.84% reported in 2016Q4 SEC filing.

Valley National Bancorp (NYSE:VLY) last issued its earnings results on Wednesday, July 26th. The bank reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. The company had revenue of $153.60 million during the quarter, compared to the consensus estimate of $153.57 million. During the same period previous year, the business earned $0.31 earnings per share. Moreover, Wedge Capital Management L Limited Partnership Nc has 0.01% invested in Old National Bancorp (NASDAQ:ONB) for 31,789 shares.

The firm also recently announced a dividend, which will be paid on Monday, October 2nd. Geode Cap Management Lc holds 0% in CTI BioPharma Corp (NASDAQ:CTIC) or 1.17M shares. Nasdaq.com's article titled: "Old National Bancorp (ONB) Ex-Dividend Date Scheduled for August 30, 2017" and published on August 29, 2017 is yet another important article. The dividend was $0.130 per share for the quarter which is $0.52 annualized.

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