Old National Bancorp (NASDAQ:ONB) – Equities research analysts at Piper Jaffray reduced their Q2 2018 earnings per share estimates for shares of Old National Bancorp in a report issued on Tuesday, April 24th. Piper Jaffray analyst N. Race now forecasts that the bank will post earnings of $0.24 per share for the quarter, down from their previous estimate of $0.32. Piper Jaffray also issued estimates for Old National Bancorp’s Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.26 EPS, Q1 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.38 EPS and FY2019 earnings at $1.44 EPS.
Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings data on Monday, April 23rd. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $170.96 million during the quarter, compared to analyst estimates of $170.43 million. Old National Bancorp had a net margin of 15.23% and a return on equity of 8.18%. During the same quarter in the previous year, the business posted $0.27 earnings per share.
NASDAQ:ONB opened at $18.05 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $2,691.48, a PE ratio of 15.26 and a beta of 0.86. Old National Bancorp has a 1-year low of $15.38 and a 1-year high of $18.88.
Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. increased its position in Old National Bancorp by 5,903.3% during the fourth quarter. Meeder Asset Management Inc. now owns 7,324 shares of the bank’s stock worth $128,000 after purchasing an additional 7,202 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in Old National Bancorp during the fourth quarter worth approximately $177,000. Stifel Financial Corp acquired a new position in Old National Bancorp during the third quarter worth approximately $196,000. Capital Analysts LLC increased its position in Old National Bancorp by 88.3% during the fourth quarter. Capital Analysts LLC now owns 11,260 shares of the bank’s stock worth $950,000 after purchasing an additional 5,279 shares during the last quarter. Finally, Field & Main Bank acquired a new position in Old National Bancorp during the fourth quarter worth approximately $206,000. 66.54% of the stock is owned by hedge funds and other institutional investors.
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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