Old National Bancorp (NASDAQ:ONB - Get Free Report) will likely be announcing its Q2 2025 earnings results before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.51 per share and revenue of $622.83 million for the quarter.
Old National Bancorp (NASDAQ:ONB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. The firm had revenue of $486.87 million during the quarter, compared to analyst estimates of $478.37 million. Old National Bancorp had a net margin of 18.74% and a return on equity of 9.98%. 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
Old National Bancorp stock traded down $0.01 during midday trading on Friday, reaching $22.92. 1,275,684 shares of the stock traded hands, compared to its average volume of 3,208,568. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $21.55 and a two-hundred day moving average price of $21.63. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 13.32 and a beta of 0.85. Old National Bancorp has a fifty-two week low of $16.83 and a fifty-two week high of $24.49.
Old National Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, June 5th. Old National Bancorp's payout ratio is 32.56%.
Institutional Trading of Old National Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Old National Bancorp by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 913,117 shares of the bank's stock worth $19,349,000 after purchasing an additional 64,110 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Old National Bancorp by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,843,946 shares of the bank's stock worth $60,263,000 after purchasing an additional 215,203 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Old National Bancorp by 87.8% in the 1st quarter. Jones Financial Companies Lllp now owns 12,696 shares of the bank's stock worth $269,000 after purchasing an additional 5,936 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Old National Bancorp by 2.0% in the 1st quarter. Royal Bank of Canada now owns 214,065 shares of the bank's stock worth $4,536,000 after purchasing an additional 4,153 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on ONB shares. National Bankshares set a $24.00 target price on shares of Old National Bancorp in a research note on Tuesday, May 20th. Truist Financial boosted their price target on shares of Old National Bancorp from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Old National Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Citigroup dropped their price target on shares of Old National Bancorp from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays boosted their price target on shares of Old National Bancorp from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Old National Bancorp currently has an average rating of "Moderate Buy" and an average target price of $26.30.
Read Our Latest Research Report on ONB
Old National Bancorp Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Old National Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old National Bancorp wasn't on the list.
While Old National Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
