Old National Bancorp (ONB) Expected to Announce Earnings on Tuesday

Old National Bancorp (NASDAQ:ONB - Get Free Report) is expected to announce 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 wish to listen to the company's conference call can do so using this link.

Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company posted $0.46 earnings per share. 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 Stock Up 0.7 %

Shares of NASDAQ ONB traded up $0.13 during mid-day trading on Friday, reaching $19.59. The company had a trading volume of 4,943,720 shares, compared to its average volume of 2,432,454. 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 has a twelve month low of $15.60 and a twelve month high of $24.49. The stock's 50 day moving average is $21.26 and its 200-day moving average is $21.42. The stock has a market capitalization of $6.25 billion, a PE ratio of 11.66 and a beta of 0.82.

Old National Bancorp Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $27.00 price objective on shares of Old National Bancorp in a research report on Monday, April 14th. Raymond James reduced their price objective on shares of 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. Barclays cut their target price on Old National Bancorp from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 price objective (up previously from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Old National Bancorp presently has an average rating of "Moderate Buy" and an average target price 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.