Strategic Financial Group adds Old National Bancorp (ONB) to its portfolio

Old National Bancorp (ONB) : Strategic Financial Group added new position in Old National Bancorp during the most recent quarter end. The investment management firm now holds 12,378 shares of Old National Bancorp which is valued at $164,627 , the company said in a statement filed on Aug 2, 2016 with the SEC.Old National Bancorp makes up approximately 0.09% of Strategic Financial Group’s portfolio.

Other Hedge Funds, Including , Context Bh Capital Management Lp sold out all of its stake in ONB during the most recent quarter. The investment firm sold 1,649,434 shares of ONB which is valued $21,937,472.First Citizens Bank Trust Co reduced its stake in ONB by selling 2,836 shares or 9.76% in the most recent quarter. The Hedge Fund company now holds 26,230 shares of ONB which is valued at $345,187. Old National Bancorp makes up approx 0.03% of First Citizens Bank Trust Co’s portfolio. Livingston Group Asset Management Co (operating As Southp… added ONB to its portfolio by purchasing 3,714 company shares during the most recent quarter which is valued at $48,802. Old National Bancorp makes up approx 0.03% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Hl Financial Services reduced its stake in ONB by selling 2,239 shares or 10.19% in the most recent quarter. The Hedge Fund company now holds 19,731 shares of ONB which is valued at $259,265. Old National Bancorp makes up approx 0.01% of Hl Financial Services’s portfolio.

Old National Bancorp opened for trading at $13.77 and hit $13.77 on the upside on Monday, eventually ending the session at $13.75, with a gain of 0.29% or 0.04 points. The heightened volatility saw the trading volume jump to 9,10,552 shares. Company has a market cap of $1,856 M.

On the company’s financial health, Old National Bancorp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.23.Analysts expectations of $ 153.69.During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Old National Bancorp. Hovde Group Initiated Old National Bancorp on Aug 3, 2016 to “Market Perform”, Price Target of the shares are set at $14.Piper Jaffray Initiated Old National Bancorp on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $13.50.

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.

Leave a Reply

Old National Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Old National Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.