Stieven Capital Advisors Lowers stake in Old National Bancorp (ONB)

Old National Bancorp (ONB) : Stieven Capital Advisors reduced its stake in Old National Bancorp by 0.35% during the most recent quarter end. The investment management company now holds a total of 1,226,609 shares of Old National Bancorp which is valued at $15.1 Million after selling 4,261 shares in Old National Bancorp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Old National Bancorp makes up approximately 4.19% of Stieven Capital Advisors’s portfolio.

Other Hedge Funds, Including , Group One Trading sold out all of its stake in ONB during the most recent quarter. The investment firm sold 200 shares of ONB which is valued $2,458.Lsv Asset Management boosted its stake in ONB in the latest quarter, The investment management firm added 280,089 additional shares and now holds a total of 1,001,756 shares of Old National Bancorp which is valued at $12.3 Million. Old National Bancorp makes up approx 0.03% of Lsv Asset Management’s portfolio. Fsi Group added ONB to its portfolio by purchasing 83,249 company shares during the most recent quarter which is valued at $1 Million. Old National Bancorp makes up approx 0.50% of Fsi Group’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in ONB in the latest quarter, The investment management firm added 1,110 additional shares and now holds a total of 24,490 shares of Old National Bancorp which is valued at $304,656. Old National Bancorp makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Ramsey Quantitative Systems boosted its stake in ONB in the latest quarter, The investment management firm added 2,336 additional shares and now holds a total of 45,046 shares of Old National Bancorp which is valued at $560,372. Old National Bancorp makes up approx 0.58% of Ramsey Quantitative Systems’s portfolio.

Old National Bancorp opened for trading at $12.57 and hit $12.805 on the upside on Friday, eventually ending the session at $12.73, with a gain of 1.60% or 0.2 points. The heightened volatility saw the trading volume jump to 9,46,694 shares. Company has a market cap of $1,455,701 M.

On the company’s financial health, Old National Bancorp reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.23.Analysts expectations of $ 139.17.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Old National Bancorp. Old National Bancorp was Upgraded by Raymond James to ” Outperform” on Mar 29, 2016.

Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned 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 it provides insurance brokerage services and other financial services. It operates in two segments: banking which consists of lending and depository activities along with cash management private banking brokerage trust and investment advisory services and insurance which offers full-service insurance brokerage services including commercial property and casualty surety loss control services employee benefits consulting and administration and personal insurance. Old National Bank provides a range of services including commercial and consumer loan and depository services lease financing and other traditional banking services.

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