Old National Bancorp (ONB) to Release Quarterly Earnings on Monday

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Old National Bancorp (NASDAQ:ONB) will issue its quarterly earnings data before the market opens on Monday, October 22nd. Analysts expect the company to announce earnings of $0.32 per share for the quarter.

Old National Bancorp (NASDAQ:ONB) last announced its earnings results on Monday, July 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. Old National Bancorp had a net margin of 15.19% and a return on equity of 8.08%. The company had revenue of $184.10 million for the quarter, compared to analyst estimates of $174.05 million. During the same period in the prior year, the business earned $0.28 earnings per share. Old National Bancorp’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts expect Old National Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of ONB stock opened at $18.75 on Friday. Old National Bancorp has a 1 year low of $16.36 and a 1 year high of $20.95. The company has a market cap of $2.94 billion, a PE ratio of 17.32, a P/E/G ratio of 1.84 and a beta of 0.85. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91.

ONB has been the topic of a number of research reports. BidaskClub lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. ValuEngine lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Zacks Investment Research upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, September 25th. Royal Bank of Canada restated a “hold” rating and issued a $21.00 price objective on shares of Old National Bancorp in a report on Tuesday, July 24th. Finally, Hovde Group restated a “hold” rating on shares of Old National Bancorp in a report on Thursday, July 26th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.44.

About Old National Bancorp

Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.

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Earnings History for Old National Bancorp (NASDAQ:ONB)

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