Old National Bancorp (ONB) Releases Earnings Results, Beats Estimates By $0.02 EPS

Old National Bancorp (NASDAQ:ONB) issued its earnings results on Monday. The bank reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02, MarketWatch Earnings reports. Old National Bancorp had a net margin of 15.19% and a return on equity of 8.08%. During the same quarter last year, the firm earned $0.29 EPS.

NASDAQ ONB opened at $18.75 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.88. Old National Bancorp has a 52-week low of $16.36 and a 52-week high of $20.95. The company has a market cap of $2.86 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.79 and a beta of 0.85.

ONB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub upgraded shares of Old National Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 21st. ValuEngine upgraded shares of Old National Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of Old National Bancorp in a research note on Tuesday, July 24th. Finally, DA Davidson increased their price objective 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. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.44.

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 for Old National Bancorp (NASDAQ:ONB)

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