Old National Bancorp stock: Pacer boosts ONB stake 482% while Allspring trims holdings

Old National Bancorp stock: Pacer boosts ONB stake 482% while Allspring trims holdings

NEW YORK, Jan 2, 2026, 09:04 ET

  • Pacer Advisors raised its Old National Bancorp holding to 60,480 shares at Sept. 30, from 10,400 a quarter earlier.
  • Allspring Global Investments Holdings cut its stake to about 2.67 million shares from about 2.84 million.
  • Old National shares were at $22.31 on Friday.

Pacer Advisors Inc increased its holding in Old National Bancorp (ONB) to 60,480 shares at the end of the third quarter, worth about $1.3 million, a regulatory filing showed. Allspring Global Investments Holdings LLC trimmed its position to about 2.67 million shares worth roughly $58.2 million, another filing showed.

The moves were disclosed in Form 13F filings, quarterly reports that large U.S. investment managers submit to the Securities and Exchange Commission listing many of their U.S.-traded equity holdings.

Investors track the filings for clues on institutional appetite, particularly in regional lenders where fund ownership can shape liquidity and sentiment.

The reports are backward-looking and show positions as of Sept. 30, not trades since. Still, the filings offer a snapshot of how big managers were positioned heading into the final quarter of the year.

Pacer reported 10,400 Old National shares at June 30 and added 50,080 shares by Sept. 30, lifting the position by about 482%. Allspring cut its stake by 174,863 shares, or about 6.1%, from roughly 2.84 million shares at the end of June.

Old National Bancorp operates as the bank holding company for Old National Bank. StockAnalysis

Old National shares were at $22.31 on Friday, down about 31 cents from the previous close.

Analysts tracked by MarketBeat rate the stock a “moderate buy” and set an average price target of $26. Old National pays a quarterly dividend of 14 cents a share, or 56 cents annualized. MarketBeat

Institutional investors own about 83.7% of Old National shares, MarketBeat data show, with BlackRock and Vanguard among the largest holders. MarketBeat

Form 13F filings do not include all assets, such as certain derivatives, and they do not show short positions. They also allow managers to change course quickly, meaning reported positions can diverge from current holdings.

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