Old National Bancorp (NASDAQ:ONB – Get Free Report) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $20.43.
ONB has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Old National Bancorp from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Royal Bank of Canada boosted their target price on shares of Old National Bancorp from $19.00 to $22.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Old National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st.
Check Out Our Latest Report on ONB
Institutional Investors Weigh In On Old National Bancorp
Old National Bancorp Stock Performance
Shares of ONB stock opened at $21.85 on Tuesday. The company’s fifty day simple moving average is $19.00 and its 200-day simple moving average is $18.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.97 billion, a PE ratio of 13.24 and a beta of 0.82. Old National Bancorp has a 12 month low of $13.67 and a 12 month high of $22.19.
Old National Bancorp (NASDAQ:ONB – Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $485.86 million for the quarter, compared to analyst estimates of $482.20 million. Old National Bancorp had a net margin of 17.93% and a return on equity of 10.10%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Equities research analysts expect that Old National Bancorp will post 1.84 EPS for the current fiscal year.
Old National Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a $0.14 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.56%. Old National Bancorp’s payout ratio is presently 33.94%.
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.
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