Old National Bancorp (ONB) Releases Quarterly Earnings Results
Old National Bancorp (NYSE:ONB) posted its quarterly earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25, Analyst Ratings.Net reports. During the same quarter in the previous year, the company posted $0.23 earnings per share.
ONB has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Old National Bancorp from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $16.70 price target on the stock. Analysts at Guggenheim raised their price target on shares of Old National Bancorp from $0.50 to $15.00 in a research note to investors on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.17.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of 0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Old National Bancorp’s previous quarterly dividend of $0.10.
Old National Bancorp (NYSE:ONB), is a financial holding company.
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