Equities analysts expect Old National Bancorp (NASDAQ:ONB) to report $178.10 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Old National Bancorp’s earnings, with estimates ranging from $177.00 million to $179.50 million. Old National Bancorp posted sales of $154.84 million during the same quarter last year, which suggests a positive year over year growth rate of 15%. The firm is scheduled to report its next quarterly earnings report before the market opens on Monday, October 22nd.

According to Zacks, analysts expect that Old National Bancorp will report full-year sales of $716.52 million for the current fiscal year, with estimates ranging from $708.20 million to $724.70 million. For the next financial year, analysts expect that the business will post sales of $811.99 million, with estimates ranging from $804.90 million to $825.56 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Old National Bancorp.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Monday, July 23rd. The bank reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $184.10 million during the quarter, compared to the consensus estimate of $174.05 million. Old National Bancorp had a net margin of 15.19% and a return on equity of 8.08%. Old National Bancorp’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS.

Several research firms have recently weighed in on ONB. DA Davidson increased their price target on shares of Old National Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, June 25th. ValuEngine cut shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Hovde Group reaffirmed a “hold” rating on shares of Old National Bancorp in a research report on Thursday, July 26th. Zacks Investment Research cut shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, BidaskClub cut shares of Old National Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.44.

A number of hedge funds have recently modified their holdings of ONB. MUFG Americas Holdings Corp acquired a new stake in shares of Old National Bancorp in the 2nd quarter valued at $104,000. Qube Research & Technologies Ltd acquired a new stake in shares of Old National Bancorp in the 2nd quarter valued at $119,000. Citigroup Inc. raised its holdings in shares of Old National Bancorp by 105.6% in the 1st quarter. Citigroup Inc. now owns 8,919 shares of the bank’s stock valued at $150,000 after purchasing an additional 4,582 shares in the last quarter. Natixis acquired a new stake in shares of Old National Bancorp in the 1st quarter valued at $172,000. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Old National Bancorp by 47.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 11,010 shares of the bank’s stock valued at $213,000 after purchasing an additional 3,541 shares in the last quarter. 73.48% of the stock is owned by institutional investors.

Shares of Old National Bancorp stock traded down $0.47 during mid-day trading on Monday, hitting $18.71. The stock had a trading volume of 1,216,085 shares, compared to its average volume of 862,660. Old National Bancorp has a 12-month low of $16.36 and a 12-month high of $20.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.84 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.52 annualized dividend and a yield of 2.78%. Old National Bancorp’s dividend payout ratio is presently 47.27%.

About Old National Bancorp

Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing.

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Earnings History and Estimates for Old National Bancorp (NASDAQ:ONB)

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