Fuller & Thaler Amends ONB Stake to 6.0% as of Dec 31, 2023
Ticker: ONBPP · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 707179
| Field | Detail |
|---|---|
| Company | Old National Bancorp /In/ (ONBPP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Fuller & Thaler now owns 6.0% of Old National Bancorp, a slight decrease from prior filings.**
AI Summary
Fuller & Thaler Asset Management, Inc. filed an amended Schedule 13G/A on February 12, 2024, disclosing their ownership in Old National Bancorp /IN/ (ONB) as of December 31, 2023. The filing shows they beneficially own 19,589,010 shares of common stock, representing 6.0% of the company, with sole voting power over 19,220,754 shares. This update indicates a slight decrease in their reported ownership percentage from previous filings, which could signal a shift in their investment strategy or portfolio rebalancing.
Why It Matters
This filing matters because it shows a significant institutional investor's current stake in Old National Bancorp, providing insight into their confidence in the company and potential impact on stock liquidity.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate significant risk to the company or its shareholders.
Analyst Insight
A smart investor would note this institutional ownership update as part of their due diligence, understanding that a large fund still holds a significant stake, but also consider if the slight reduction in percentage ownership signals a broader trend or just portfolio rebalancing.
Key Numbers
- 19,589,010 — Shares Beneficially Owned (Total shares of Old National Bancorp common stock owned by Fuller & Thaler Asset Management, Inc.)
- 6.0% — Percentage of Class (The percentage of Old National Bancorp's common stock owned by Fuller & Thaler Asset Management, Inc.)
- 19,220,754 — Sole Voting Power (The number of shares over which Fuller & Thaler Asset Management, Inc. has sole voting authority.)
- 0 — Shared Voting Power (The number of shares over which Fuller & Thaler Asset Management, Inc. has shared voting authority.)
Key Players & Entities
- Fuller & Thaler Asset Management, Inc. (company) — the reporting person and institutional investor
- Old National Bancorp /IN/ (company) — the issuer of the securities
- California (company) — place of organization for Fuller & Thaler Asset Management, Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Fuller & Thaler Asset Management, Inc. will maintain a significant, but potentially slightly reduced, stake in Old National Bancorp over the next year. (Fuller & Thaler Asset Management, Inc.) — medium confidence, target: December 31, 2024
FAQ
Who filed this Schedule 13G/A amendment?
Fuller & Thaler Asset Management, Inc. filed this Schedule 13G/A amendment, as indicated by the 'FILED BY' section and 'Name of Reporting Person' on the cover page.
What company's shares are being reported in this filing?
This filing reports on the common stock of Old National Bancorp /IN/, as stated in the 'Name of Issuer' section of the Schedule 13G.
As of what date is the ownership information accurate?
The ownership information in this filing is accurate as of December 31, 2023, which is listed as the 'Date of Event which Requires Filing of this Statement'.
How many shares of Old National Bancorp does Fuller & Thaler Asset Management, Inc. beneficially own?
Fuller & Thaler Asset Management, Inc. beneficially owns 19,589,010 shares of Old National Bancorp, as reported under 'Sole Dispositive Power' on page 2 of the filing.
What percentage of Old National Bancorp's common stock does Fuller & Thaler Asset Management, Inc. own?
Fuller & Thaler Asset Management, Inc. owns 6.0% of Old National Bancorp's common stock, as stated on page 3 of the filing under 'Percentage of Class Represented by Amount in Row (9)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding OLD NATIONAL BANCORP /IN/ (ONBPP).