Old National Bancorp (ONB) to Release Earnings on Tuesday

Old National Bancorp (NASDAQ:ONB) is expected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Old National Bancorp to post earnings of $0.42 per share and revenue of $478.37 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Old National Bancorp had a net margin of 18.24% and a return on equity of 10.13%. During the same quarter last year, the business earned $0.46 EPS. On average, analysts expect Old National Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old National Bancorp Stock Performance

NASDAQ ONB opened at $19.59 on Monday. The firm has a 50-day moving average price of $21.26 and a two-hundred day moving average price of $21.47. Old National Bancorp has a 12-month low of $15.60 and a 12-month high of $24.49. The company has a market capitalization of $6.25 billion, a P/E ratio of 11.66 and a beta of 0.82. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.84.

Old National Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Wednesday, March 5th. Old National Bancorp’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analyst Weigh In

ONB has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective (up from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Barclays dropped their price target on Old National Bancorp from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Stephens reiterated an “overweight” rating and set a $27.00 price objective on shares of Old National Bancorp in a research note on Monday, April 14th. Finally, Raymond James dropped their target price on shares of Old National Bancorp from $29.00 to $27.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.71.

Old National Bancorp Company Profile

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.