Old National Bancorp (ONB) Scheduled to Post Quarterly Earnings on Tuesday

Old National Bancorp (NASDAQ:ONB) will be issuing its quarterly earnings data before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Old National Bancorp had a net margin of 18.83% and a return on equity of 10.67%. The firm had revenue of $750.93 million during the quarter, compared to analysts’ expectations of $474.10 million. During the same period in the prior year, the company earned $0.54 EPS. On average, analysts expect Old National Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Old National Bancorp Stock Down 0.8 %

Shares of Old National Bancorp stock opened at $19.52 on Monday. The company has a fifty day moving average price of $18.78 and a 200 day moving average price of $17.78. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96. Old National Bancorp has a twelve month low of $12.36 and a twelve month high of $20.43. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 11.48 and a beta of 0.83.

Old National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were given a $0.14 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.87%. Old National Bancorp’s payout ratio is currently 32.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ONB shares. Barclays upped their price objective on shares of Old National Bancorp from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada upped their price objective on shares of Old National Bancorp from $19.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Finally, StockNews.com cut shares of Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Old National Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.88.

Insider Activity

In other news, CEO James A. Sandgren sold 25,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $19.94, for a total value of $498,500.00. Following the sale, the chief executive officer now owns 287,409 shares in the company, valued at approximately $5,730,935.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO James A. Sandgren sold 25,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $19.94, for a total transaction of $498,500.00. Following the sale, the chief executive officer now owns 287,409 shares in the company, valued at $5,730,935.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kendra L. Vanzo sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $19.85, for a total transaction of $397,000.00. Following the sale, the insider now owns 117,676 shares in the company, valued at approximately $2,335,868.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.07% of the company’s stock.

About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.