Old National Bancorp (ONB) Scheduled to Post Earnings on Tuesday
Old National Bancorp (NASDAQ:ONB) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Old National Bancorp to post earnings of $0.26 per share for the quarter.
Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $153.60 million for the quarter, compared to analyst estimates of $153.57 million. Old National Bancorp had a net margin of 21.02% and a return on equity of 8.25%. During the same period in the previous year, the firm posted $0.31 EPS. On average, analysts expect Old National Bancorp to post $1.06 EPS for the current fiscal year and $1.2 EPS for the next fiscal year.
Old National Bancorp (NASDAQ:ONB) opened at 18.60 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 17.66 and a beta of 1.10. The stock has a 50 day moving average of $17.52 and a 200-day moving average of $16.92. Old National Bancorp has a 12 month low of $14.11 and a 12 month high of $18.95.
ONB has been the subject of several recent research reports. Boenning Scattergood initiated coverage on Old National Bancorp in a research report on Wednesday, October 4th. They set an “outperform” rating and a $20.50 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price target on shares of Old National Bancorp in a research report on Friday, August 11th. Piper Jaffray Companies started coverage on Old National Bancorp in a research report on Friday, October 6th. They issued a “neutral” rating and a $19.00 target price for the company. BidaskClub lowered Old National Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Raymond James Financial, Inc. raised Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research report on Tuesday, September 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.83.
In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $16.56, for a total value of $91,593.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.79% of the company’s stock.
Old National Bancorp Company Profile
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking.
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