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

Old National Bancorp (NASDAQ:ONB) is set to issue its quarterly earnings data before the market opens on Monday, October 19th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings data on Monday, July 20th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.24 by $0.09. Old National Bancorp had a net margin of 21.24% and a return on equity of 7.84%. The business had revenue of $207.50 million for the quarter, compared to analyst estimates of $194.37 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, analysts expect Old National Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ ONB opened at $13.76 on Friday. The company has a 50 day simple moving average of $13.40 and a two-hundred day simple moving average of $13.61. Old National Bancorp has a fifty-two week low of $11.19 and a fifty-two week high of $18.74. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.97 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.83 and a current ratio of 0.83.

Several research firms recently weighed in on ONB. Piper Sandler cut their price target on Old National Bancorp from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Royal Bank of Canada increased their target price on Old National Bancorp from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Zacks Investment Research lowered Old National Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, BidaskClub upgraded shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Old National Bancorp currently has a consensus rating of “Hold” and a consensus price target of $14.67.

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. The company accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, 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, letters of credit, and lease financing.

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Earnings History for Old National Bancorp (NASDAQ:ONB)

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