Old National Bancorp (NASDAQ:ONB – Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.82 for the period, compared to the consensus earnings per share estimate of $1.82.
Old National Bancorp Price Performance
NASDAQ ONB opened at $18.62 on Monday. Old National Bancorp has a 52 week low of $12.36 and a 52 week high of $20.43. The firm has a market capitalization of $5.94 billion, a P/E ratio of 10.06 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $17.84 and a 200-day moving average price of $17.03.
Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Old National Bancorp had a net margin of 18.83% and a return on equity of 10.67%. The firm had revenue of $750.93 million during the quarter, compared to analyst estimates of $474.10 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts anticipate that Old National Bancorp will post 1.85 earnings per share for the current year.
Wall Street Analyst Weigh In
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Insider Activity
In other news, CEO James A. Sandgren sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $19.94, for a total transaction of $498,500.00. Following the completion of the transaction, the chief executive officer now directly owns 287,409 shares in the company, valued at approximately $5,730,935.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kendra L. Vanzo sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $19.85, for a total transaction of $397,000.00. Following the completion of the transaction, the insider now directly owns 117,676 shares in the company, valued at approximately $2,335,868.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James A. Sandgren sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $19.94, for a total value of $498,500.00. Following the transaction, the chief executive officer now owns 287,409 shares of the company’s stock, valued at $5,730,935.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,165 shares of company stock worth $1,168,424. 1.07% of the stock is currently owned by insiders.
About Old National Bancorp
Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.
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