Old National Bancorp (ONB) Announces Quarterly Dividend of $0.11
Old National Bancorp (NYSE:ONB) declared a quarterly dividend on Thursday, May 1st, American Banking and Market News reports. Investors of record on Monday, June 2nd will be given a dividend of 0.11 per share on Monday, June 16th. 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, May 29th.
A number of research firms have recently commented on ONB. Analysts at Jefferies Group reiterated a “hold” rating on shares of Old National Bancorp in a research note on Tuesday. They now have a $15.00 price target on the stock. On a related note, analysts at SunTrust cut their price target on shares of Old National Bancorp from $16.00 to $15.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Old National Bancorp from $15.00 to $16.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.37.
Shares of Old National Bancorp (NYSE:ONB) traded down 0.85% during mid-day trading on Thursday, hitting $14.00. 720,385 shares of the company’s stock traded hands. Old National Bancorp has a one year low of $11.81 and a one year high of $15.80. The stock has a 50-day moving average of $14.50 and a 200-day moving average of $14.59. The company has a market cap of $1.399 billion and a price-to-earnings ratio of 14.12.
Old National Bancorp (NYSE:ONB) last announced its earnings results on Monday, April 28th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. During the same quarter in the previous year, the company posted $0.24 earnings per share. Analysts expect that Old National Bancorp will post $1.08 EPS for the current fiscal year.
Old National Bancorp (NYSE:ONB), is a financial holding company.
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