Old National Bancorp (NASDAQ:ONB) Plans $0.13 Quarterly Dividend

Old National Bancorp (NASDAQ:ONB) declared a quarterly dividend on Friday, January 26th, Wall Street Journal reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.13 per share by the bank on Thursday, March 15th. This represents a $0.52 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, February 28th.

Old National Bancorp (NASDAQ:ONB) opened at $18.10 on Wednesday. The company has a market cap of $2,767.51, a PE ratio of 25.49 and a beta of 0.87. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.86. Old National Bancorp has a 12-month low of $15.38 and a 12-month high of $18.88.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). The firm had revenue of $163.40 million for the quarter, compared to the consensus estimate of $170.13 million. Old National Bancorp had a return on equity of 7.80% and a net margin of 14.10%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. research analysts expect that Old National Bancorp will post 1.29 EPS for the current fiscal year.

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price target on shares of Old National Bancorp in a research report on Tuesday, February 27th. Zacks Investment Research lowered shares of Old National Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. BidaskClub upgraded shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, February 11th. Hilliard Lyons upgraded shares of Old National Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Friday, February 9th. Finally, Boenning Scattergood set a $21.00 price target on shares of Old National Bancorp and gave the company a “buy” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.38.

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About Old National Bancorp

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.

Dividend History for Old National Bancorp (NASDAQ:ONB)

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