Old National Bancorp (ONB) Scheduled to Post Quarterly Earnings on Monday

Old National Bancorp (NASDAQ:ONB) is scheduled to post its quarterly earnings results before the market opens on Monday, April 23rd. Analysts expect Old National Bancorp to post earnings of $0.29 per share for the quarter.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.03). Old National Bancorp had a net margin of 14.10% and a return on equity of 7.80%. The firm had revenue of $163.40 million during the quarter, compared to analysts’ expectations of $170.13 million. During the same period last year, the company earned $0.25 EPS. The business’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts expect Old National Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of ONB stock opened at $16.85 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.86. Old National Bancorp has a one year low of $15.38 and a one year high of $18.88. The company has a market capitalization of $2,592.64, a PE ratio of 15.32 and a beta of 0.86.

ONB has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, December 27th. BidaskClub upgraded shares of Old National Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Hilliard Lyons upgraded shares of Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, February 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price objective on shares of Old National Bancorp in a report on Friday, December 22nd. Finally, Boenning Scattergood set a $21.00 price objective on shares of Old National Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.43.

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About Old National Bancorp

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.

Earnings History for Old National Bancorp (NASDAQ:ONB)

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