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

Old National Bancorp (NASDAQ:ONB) is expected to be announcing its earnings results 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Old National Bancorp (NASDAQ:ONB) last released its earnings results on Tuesday, January 21st. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. During the same period in the previous 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 Price Performance

Shares of ONB opened at $19.59 on Monday. 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 has a twelve month low of $15.60 and a twelve month high of $24.49. The stock 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 50 day moving average of $21.26 and a 200-day moving average of $21.47.

Old National Bancorp Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of 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. Raymond James decreased their price target on Old National Bancorp from $29.00 to $27.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd. 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, Royal Bank of Canada reissued 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 equities research analyst has rated the stock with a sell rating, one has assigned 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.com, the company has an average rating of “Moderate Buy” and an average price target of $25.71.

About Old National Bancorp

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.