Capital Z Partners Management buys $38.4 Million stake in Old National Bancorp (ONB)

Old National Bancorp (ONB) : Capital Z Partners Management scooped up 2,045 additional shares in Old National Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,122,224 shares of Old National Bancorp which is valued at $38.4 Million.Old National Bancorp makes up approximately 28.94% of Capital Z Partners Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ONB in the latest quarter, The investment management firm added 1,510,570 additional shares and now holds a total of 10,920,948 shares of Old National Bancorp which is valued at $134.2 Million. Old National Bancorp makes up approx 0.01% of Vanguard Group Inc’s portfolio.Netols Asset Management boosted its stake in ONB in the latest quarter, The investment management firm added 44,616 additional shares and now holds a total of 450,740 shares of Old National Bancorp which is valued at $5.5 Million. Old National Bancorp makes up approx 1.26% of Netols Asset Management’s portfolio. Rafferty Asset Management sold out all of its stake in ONB during the most recent quarter. The investment firm sold 25,673 shares of ONB which is valued $315,521.Schwab Charles Investment Management Inc boosted its stake in ONB in the latest quarter, The investment management firm added 9,300 additional shares and now holds a total of 486,944 shares of Old National Bancorp which is valued at $6.1 Million. Old National Bancorp makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.

Old National Bancorp opened for trading at $13.07 and hit $13.2701 on the upside on Wednesday, eventually ending the session at $13.19, with a gain of 1.38% or 0.18 points. The heightened volatility saw the trading volume jump to 9,52,965 shares. Company has a market cap of $1,508 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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