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

Old National Bancorp (NASDAQ:ONB - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.42 per share and revenue of $478.37 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 posted $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 Trading Up 0.7 %

NASDAQ:ONB traded up $0.13 during trading hours on Friday, hitting $19.59. The stock had a trading volume of 4,943,720 shares, compared to its average volume of 2,432,877. The business's 50 day moving average is $21.26 and its 200-day moving average is $21.44. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 11.66 and a beta of 0.82. Old National Bancorp has a one year low of $15.60 and a one year high of $24.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.92 and a current ratio of 0.93.

Old National Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.86%. The ex-dividend date was Wednesday, March 5th. Old National Bancorp's payout ratio is presently 33.33%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays dropped their price target on Old National Bancorp from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Stephens reiterated an "overweight" rating and issued a $27.00 price target on shares of Old National Bancorp in a report on Monday, April 14th. Raymond James dropped their price objective on shares of Old National Bancorp from $29.00 to $27.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $26.00 target price (up from $24.00) on shares of Old National Bancorp in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.