Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings data on Tuesday. The bank reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03), Bloomberg Earnings reports. The business had revenue of $163.40 million during the quarter, compared to analyst estimates of $170.13 million. Old National Bancorp had a net margin of 21.61% and a return on equity of 8.39%. Old National Bancorp’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share.
Shares of Old National Bancorp (NASDAQ:ONB) traded down $0.10 during mid-day trading on Tuesday, hitting $18.35. 398,300 shares of the stock traded hands, compared to its average volume of 581,579. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 16.83 and a beta of 1.03. Old National Bancorp has a 1-year low of $15.38 and a 1-year high of $18.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 0.86.
ONB has been the topic of several analyst reports. BidaskClub raised shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research cut shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Boenning Scattergood set a $21.00 price target on shares of Old National Bancorp and gave the stock a “buy” rating in a research note on Thursday, October 26th. Piper Jaffray Companies initiated coverage on shares of Old National Bancorp in a research note on Friday, October 6th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, ValuEngine raised shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Old National Bancorp has an average rating of “Hold” and a consensus price target of $19.19.
About Old National Bancorp
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.
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.