Old National Bancorp Plans Quarterly Dividend of $0.10 (ONB)
Old National Bancorp (NYSE:ONB) declared a quarterly dividend on Tuesday, October 29th, Analyst Ratings.Net reports. Shareholders of record on Monday, December 2nd will be given a dividend of $0.10 per share on Monday, December 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, November 27th.
A number of research firms have recently commented on ONB. Analysts at FIG Partners downgraded shares of Old National Bancorp from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $16.00 price target on the stock. On a related note, analysts at Raymond James downgraded shares of Old National Bancorp from a “strong-buy” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $16.00 price target on the stock. Finally, analysts at DA Davidson initiated coverage on shares of Old National Bancorp in a research note to investors on Wednesday, September 25th. They set a “neutral” rating and a $15.00 price target on the stock. Ten analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $14.82.
Old National Bancorp (NYSE:ONB) traded down 1.99% during mid-day trading on Tuesday, hitting $14.52. 963,799 shares of the company’s stock traded hands. Old National Bancorp has a 1-year low of $10.87 and a 1-year high of $15.12. The stock has a 50-day moving average of $13.86 and a 200-day moving average of $13.60. The company has a market cap of $1.465 billion and a P/E ratio of 15.55.
Old National Bancorp (NYSE:ONB) last released its earnings data on Monday, October 28th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts expect that Old National Bancorp will post $1.02 EPS for the current fiscal year.
Old National Bancorp (NYSE:ONB), is a financial holding company.
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