Old National Bancorp (ONB) : Yakira Capital Management added new position in Old National Bancorp during the most recent quarter end. The investment management firm now holds 1,620,803 shares of Old National Bancorp which is valued at $19.9 Million , the company said in a statement filed on May 13, 2016 with the SEC.Old National Bancorp makes up approximately 7.59% of Yakira Capital Management’s portfolio.
Other Hedge Funds, Including , Driehaus Capital Management added ONB to its portfolio by purchasing 564,530 company shares during the most recent quarter which is valued at $6.9 Million. Old National Bancorp makes up approx 0.24% of Driehaus Capital Management’s portfolio. 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.Swiss National Bank boosted its stake in ONB in the latest quarter, The investment management firm added 42,056 additional shares and now holds a total of 221,185 shares of Old National Bancorp which is valued at $2.8 Million.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.Aperio Group reduced its stake in ONB by selling 2,610 shares or 11.44% in the most recent quarter. The Hedge Fund company now holds 20,208 shares of ONB which is valued at $270,787.
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.