Old National Bancorp (NASDAQ:ONB) released its quarterly earnings data on Tuesday. The bank reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03, Bloomberg Earnings reports. Old National Bancorp had a return on equity of 8.25% and a net margin of 21.02%. During the same period in the previous year, the firm earned $0.25 EPS.

Shares of Old National Bancorp (NASDAQ ONB) opened at 18.55 on Tuesday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 17.62 and a beta of 1.10. The firm has a 50-day moving average price of $17.58 and a 200-day moving average price of $16.93. Old National Bancorp has a 12 month low of $13.95 and a 12 month high of $18.95.

A number of research analysts recently commented on ONB shares. BidaskClub cut Old National Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. upgraded Old National Bancorp from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a report on Tuesday, September 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a report on Friday, August 11th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price objective on shares of Old National Bancorp in a report on Wednesday, July 26th. Finally, UBS AG upgraded Old National Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Old National Bancorp has a consensus rating of “Buy” and an average price target of $18.83.

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In other Old National Bancorp news, insider John R. Kamin sold 5,531 shares of Old National Bancorp stock in a transaction on Monday, August 14th. The shares were sold at an average price of $16.56, for a total value of $91,593.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.79% of the stock is owned by company insiders.

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.

Earnings History for Old National Bancorp (NASDAQ:ONB)

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