Equities analysts expect that Old National Bancorp (NASDAQ:ONB) will announce $0.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Old National Bancorp’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Old National Bancorp posted earnings per share of $0.28 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The company is expected to announce its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Old National Bancorp will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.09. For the next fiscal year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.10 to $1.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Old National Bancorp.

Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $153.60 million for the quarter, compared to the consensus estimate of $153.57 million. Old National Bancorp had a net margin of 21.02% and a return on equity of 8.25%. During the same period last year, the firm posted $0.31 EPS.

ONB has been the topic of several recent analyst reports. Hilliard Lyons raised shares of Old National Bancorp from an “underperform” rating to a “neutral” rating and upped their price target for the company from $17.00 to $17.50 in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 price target on shares of Old National Bancorp in a report on Friday, May 5th. Zacks Investment Research cut shares of Old National Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Keefe, Bruyette & Woods reaffirmed a “hold – neutral” rating on shares of Old National Bancorp in a report on Monday, June 12th. Finally, BidaskClub raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Old National Bancorp presently has an average rating of “Hold” and an average price target of $18.30.

In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $16.56, for a total transaction of $91,593.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 13,863 shares of company stock valued at $232,637. 1.79% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC raised its stake in Old National Bancorp by 26.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,968 shares of the bank’s stock valued at $104,000 after buying an additional 1,232 shares during the last quarter. North Star Investment Management Corp. raised its stake in Old National Bancorp by 25.2% in the first quarter. North Star Investment Management Corp. now owns 6,077 shares of the bank’s stock valued at $105,000 after buying an additional 1,225 shares during the last quarter. Neuburgh Advisers LLC raised its stake in Old National Bancorp by 26.0% in the first quarter. Neuburgh Advisers LLC now owns 8,206 shares of the bank’s stock valued at $142,000 after buying an additional 1,694 shares during the last quarter. Stifel Financial Corp acquired a new stake in Old National Bancorp during the first quarter valued at $178,000. Finally, Tyers Asset Management LLC raised its stake in Old National Bancorp by 26.0% in the first quarter. Tyers Asset Management LLC now owns 10,444 shares of the bank’s stock valued at $181,000 after buying an additional 2,156 shares during the last quarter. Hedge funds and other institutional investors own 71.26% of the company’s stock.

Old National Bancorp (NASDAQ ONB) traded down 0.30% on Wednesday, hitting $16.65. 482,216 shares of the company were exchanged. Old National Bancorp has a 52-week low of $13.49 and a 52-week high of $18.95. The firm has a 50 day moving average of $16.82 and a 200-day moving average of $17.13. The stock has a market cap of $2.26 billion, a PE ratio of 15.81 and a beta of 1.10.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.13 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.52 annualized dividend and a yield of 3.12%. Old National Bancorp’s dividend payout ratio is presently 49.52%.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate Old National Bancorp (ONB) to Post $0.26 EPS” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/08/16/zacks-brokerages-anticipate-old-national-bancorp-onb-to-post-0-26-eps.html.

Old National Bancorp Company Profile

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.

Get a free copy of the Zacks research report on Old National Bancorp (ONB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.