Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. It also provides debit and ATM cards, telephone access, and online banking, as well as other electronic and mobile banking services; and cash management, private banking, brokerage, trust, and investment advisory services. As of December 31, 2016, the company operated 191 banking centers located primarily in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:ONB
CUSIP68003310
Phone800-731-2265
Debt
Debt-to-Equity Ratio0.88
Current Ratio0.86
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio17.93
Forward P/E Ratio15.17
P/E Growth1.86
Sales & Book Value
Annual Sales$678.72 million
Price / Sales4.39
Cash Flow$1.4285 per share
Price / Cash13.70
Book Value$14.17 per share
Price / Book1.38
Profitability
EPS (Most Recent Fiscal Year)$1.10
Net Income$95.72 million
Net Margins15.23%
Return on Equity8.18%
Return on Assets1.02%
Miscellaneous
Employees2,801
Outstanding Shares152,170,000
Market Cap$2,921.70
Old National Bancorp (NASDAQ:ONB) Frequently Asked Questions
What is Old National Bancorp's stock symbol?
Old National Bancorp trades on the NASDAQ under the ticker symbol "ONB."
How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?
Old National Bancorp declared a quarterly dividend on Thursday, April 26th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.13 per share on Friday, June 15th. This represents a $0.52 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, May 31st. View Old National Bancorp's Dividend History.
How were Old National Bancorp's earnings last quarter?
Old National Bancorp (NASDAQ:ONB) released its quarterly earnings data on Monday, July, 23rd. The bank reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The bank earned $184.10 million during the quarter, compared to analyst estimates of $174.05 million. Old National Bancorp had a net margin of 15.23% and a return on equity of 8.18%. The firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. View Old National Bancorp's Earnings History.
When is Old National Bancorp's next earnings date?
What price target have analysts set for ONB?
10 brokerages have issued 12 month target prices for Old National Bancorp's shares. Their forecasts range from $18.00 to $21.00. On average, they expect Old National Bancorp's share price to reach $19.3333 in the next twelve months. This suggests that the stock has a possible downside of 2.0%. View Analyst Ratings for Old National Bancorp.
What is the consensus analysts' recommendation for Old National Bancorp?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Old National Bancorp stock?
Here are some recent quotes from research analysts about Old National Bancorp stock:
- 1. According to Zacks Investment Research, "Old National Bancorp is a bank holding company that operates banking offices and ATMs throughout Indiana, Illinois, Ohio, Kentucky, and Tennessee. Through various subsidiaries, Old National provides a broad range of banking services as well as trust and investment management services, insurance brokerage services for both individuals and companies, and investment products. (Company Press Release) " (6/27/2018)
- 2. Hovde Group analysts commented, "SLM reported $0.28 vs our/consensus $0.24 estimates. There were a couple of moving pieces but net-net we get to a core $0.26, which jives with the $0.02 raise to the bottom end of guidance. The beat was driven by better than expected NII (higher NIM and faster loan growth) and a slightly better provision expense. The moving pieces we can see are $0.01 of derivative hedging gains. A rounded $0.01 assuming the tax rate had been 26% (guide) vs the 24.5% effective. We would argue that the underinvestment in the quarter $0.6M vs ~$7.5M guide should be offset by the $7M in retirement eligible stock-based comp/severance expense. Overall our first take is that the results were strong." (4/23/2018)
Who are some of Old National Bancorp's key competitors?
Some companies that are related to Old National Bancorp include Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), CIT Group (CIT), Synovus Financial (SNV), BOK Financial (BOKF), PacWest Bancorp (PACW), Webster Financial (WBS), First Horizon National (FHN), Akbank T.A.S. (AKBTY), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), TCF Financial (TCF), Valley National Bancorp (VLY) and UMB Financial (UMBF).
Who are Old National Bancorp's key executives?
Old National Bancorp's management team includes the folowing people:
- Mr. Robert G. Jones, Chairman & CEO (Age 61)
- Mr. James A. Sandgren, Pres & COO (Age 51)
- Mr. James C. Ryan III, Sr. Exec. VP & Chief Financial Officer (Age 46)
- Mr. Jeffrey L. Knight, Exec. VP, Chief Legal Counsel Gov. Relations & Corp. Sec. (Age 58)
- Mr. Daryl D. Moore, Sr. Exec. VP & Chief Credit Exec. (Age 60)
Has Old National Bancorp been receiving favorable news coverage?
News coverage about ONB stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old National Bancorp earned a news sentiment score of 0.22 on Accern's scale. They also assigned headlines about the bank an impact score of 45.58 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Old National Bancorp's major shareholders?
Old National Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include Deprince Race & Zollo Inc. (1.11%), Foundry Partners LLC (0.89%), SG Capital Management LLC (0.41%), Peregrine Capital Management LLC (0.20%), Municipal Employees Retirement System of Michigan (0.02%) and Sit Investment Associates Inc. (0.02%). Company insiders that own Old National Bancorp stock include Daryl D Moore, James A Sandgren, James T Morris, John R Kamin, Katherine E White, Kendra L Vanzo, Rebecca S Skillman and Robert G Jones. View Institutional Ownership Trends for Old National Bancorp.
Which institutional investors are selling Old National Bancorp stock?
ONB stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Municipal Employees Retirement System of Michigan. Company insiders that have sold Old National Bancorp company stock in the last year include John R Kamin, Katherine E White and Robert G Jones. View Insider Buying and Selling for Old National Bancorp.
Which institutional investors are buying Old National Bancorp stock?
ONB stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, SG Capital Management LLC, Deprince Race & Zollo Inc., Creative Financial Designs Inc. ADV, Sit Investment Associates Inc. and Amalgamated Bank. Company insiders that have bought Old National Bancorp stock in the last two years include James A Sandgren, James T Morris, Kendra L Vanzo and Rebecca S Skillman. View Insider Buying and Selling for Old National Bancorp.
How do I buy shares of Old National Bancorp?
Shares of ONB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Old National Bancorp's stock price today?
One share of ONB stock can currently be purchased for approximately $19.72.
How big of a company is Old National Bancorp?
Old National Bancorp has a market capitalization of $2.92 billion and generates $678.72 million in revenue each year. The bank earns $95.72 million in net income (profit) each year or $1.10 on an earnings per share basis. Old National Bancorp employs 2,801 workers across the globe.
How can I contact Old National Bancorp?
Old National Bancorp's mailing address is ONE MAIN ST, EVANSVILLE IN, 47708. The bank can be reached via phone at 800-731-2265 or via email at [email protected]
MarketBeat Community Rating for Old National Bancorp (NASDAQ ONB)
MarketBeat's community ratings are surveys of what our community members think about Old National Bancorp and other stocks. Vote "Outperform" if you believe ONB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ONB will underperform the S&P 500 over the long term. You may vote once every thirty days.
