Old National Bancorp (ONB) to Issue Quarterly Dividend of $0.15 on June 15th

Old National Bancorp (NASDAQ:ONB) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Friday, June 5th will be paid a dividend of 0.145 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, June 5th.

Old National Bancorp has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Old National Bancorp to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 20.4%.

Old National Bancorp Trading Up 2.1%

Old National Bancorp stock opened at $23.85 on Wednesday. The firm has a market cap of $9.21 billion, a PE ratio of 12.29 and a beta of 0.84. Old National Bancorp has a 12 month low of $19.39 and a 12 month high of $26.17. The stock’s 50 day simple moving average is $23.30 and its two-hundred day simple moving average is $23.11. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.89.

Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Old National Bancorp had a net margin of 18.90% and a return on equity of 11.23%. The firm had revenue of $702.70 million during the quarter, compared to analysts’ expectations of $706.62 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue was up 44.4% compared to the same quarter last year. Analysts anticipate that Old National Bancorp will post 2.58 earnings per share for the current year.

Old National Bancorp Company Profile

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.