Old National Bancorp Declares Quarterly Dividend of $0.15 (NASDAQ:ONB)

Old National Bancorp (NASDAQ:ONB – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.145 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, June 5th.

Old National Bancorp has a payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Old National Bancorp to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 20.4%.

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Old National Bancorp Stock Performance

ONB opened at $23.44 on Thursday. The company’s 50 day moving average is $22.87 and its 200 day moving average is $22.83. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.89. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 12.08 and a beta of 0.85. Old National Bancorp has a 12-month low of $19.39 and a 12-month high of $26.17.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Old National Bancorp had a net margin of 18.90% and a return on equity of 11.23%. The business had revenue of $702.70 million during the quarter, compared to analysts’ expectations of $706.62 million. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 44.4% on a year-over-year basis. On average, equities research analysts predict that Old National Bancorp will post 2.58 EPS for the current year.

Old National Bancorp Company Profile

(Get Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

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