Old National Bancorp (ONB) Issues Earnings Results, Beats Estimates By $0.03 EPS
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.
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