Comerica Bank Lifts Old National Bank Stake to 263,057 Shares

Comerica Bank raised its old national bank position by 27.8% in the fourth quarter, ending with 263,057 shares worth $5,869,000. For shareholders, the filing shows one of the larger institutional holders kept adding even after Old National Bancorp posted quarterly results and reset its dividend.

263,057 shares in Comerica's filing

263,057 shares was Comerica's reported position after it bought 57,152 additional shares during the period. The stake equaled 0.07% of Old National Bancorp, a small slice on paper but still part of a wider base in which 83.66% of the stock is currently owned by institutional investors and hedge funds.

27.8% growth in a single quarter is the key move here. That kind of increase shows the buyer was not trimming exposure; it was building it, and the latest SEC filing leaves a clear paper trail for investors tracking where large holders are leaning.

Old National's $0.61 quarter

$0.61 per share was Old National Bancorp's quarterly earnings result on Wednesday, April 22nd, and it beat the consensus estimate of $0.60 by $0.01. Revenue came in at $702.69 million, up 44.4% from the same quarter last year, while return on equity reached 15.41% and net margin was 18.90%.

$23.97 was where ONB opened on Friday, leaving the shares below the $26.17 one-year high but above the $19.39 one-year low. Analysts still expect 2.58 EPS for the current fiscal year, so the quarter leaves room for a larger full-year target if the current run rate holds.

$0.145 dividend on May 16

$0.145 per share is the quarterly dividend Old National Bancorp announced, with stockholders of record on Tuesday, May 5th set to receive it on Saturday, May 16th. The annualized payout is $0.58 and the dividend yield is 2.4%, giving income-focused holders a concrete cash return while the stock trades near the middle of its 52-week range.

1,604 shares worth $36,000 was the size of JFS Wealth Advisors LLC's increase in the same name during the fourth quarter, one of several institutional moves listed alongside Comerica's. For readers following ONB, the immediate watch point is whether the recent buying matches the bank's earnings pace and dividend schedule, or whether the ownership data simply reflects short-term portfolio reshuffling around a better-than-expected quarter.