Old National Bancorp (NASDAQ:ONB) is scheduled to be posting its quarterly earnings results before the market opens on Monday, July 22nd. Analysts expect Old National Bancorp to post earnings of $0.33 per share for the quarter.
Old National Bancorp (NASDAQ:ONB) last released its earnings results on Monday, April 22nd. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $196.60 million for the quarter, compared to the consensus estimate of $198.64 million. Old National Bancorp had a net margin of 23.07% and a return on equity of 8.43%. Old National Bancorp’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts expect Old National Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:ONB opened at $16.78 on Friday. The stock has a market cap of $2.91 billion, a P/E ratio of 13.01, a PEG ratio of 1.56 and a beta of 0.98. Old National Bancorp has a twelve month low of $14.45 and a twelve month high of $20.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day moving average is $16.54.
Several analysts have commented on ONB shares. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.
Old National Bancorp Company Profile
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, interest-bearing checking, 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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