Old National Bancorp (ONB) To Go Ex-Dividend on September 4th

Old National Bancorp (NASDAQ:ONB) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Saturday, September 5th will be given a dividend of 0.145 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, September 4th.

Old National Bancorp has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Old National Bancorp to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 20.4%.

Old National Bancorp Stock Down 0.0%

Shares of NASDAQ ONB opened at $27.07 on Friday. Old National Bancorp has a 12-month low of $19.39 and a 12-month high of $27.36. The company has a market cap of $10.36 billion, a P/E ratio of 12.03 and a beta of 0.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average price of $25.97 and a 200 day moving average price of $24.39.

Old National Bancorp (NASDAQ:ONB) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $726.86 million during the quarter, compared to the consensus estimate of $716.25 million. Old National Bancorp had a return on equity of 11.80% and a net margin of 21.60%.The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. Research analysts anticipate that Old National Bancorp will post 2.6 EPS for the current fiscal year.

About Old National Bancorp

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.