Old National Bancorp (ONB) Projected to Post Earnings on Tuesday

Old National Bancorp (NASDAQ:ONB) will likely be releasing its Q2 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect Old National Bancorp to post earnings of $0.51 per share and revenue of $622.83 million for the quarter.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $486.87 million for the quarter, compared to the consensus estimate of $478.37 million. Old National Bancorp had a return on equity of 9.98% and a net margin of 18.74%. On average, analysts expect Old National Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old National Bancorp Price Performance

Shares of NASDAQ ONB opened at $23.32 on Tuesday. The business’s 50 day moving average price is $21.42 and its two-hundred day moving average price is $21.60. The company has a market cap of $7.46 billion, a PE ratio of 13.56 and a beta of 0.85. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.82. Old National Bancorp has a twelve month low of $16.83 and a twelve month high of $24.49.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, June 5th. Old National Bancorp’s dividend payout ratio (DPR) is presently 32.56%.

Hedge Funds Weigh In On Old National Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Old National Bancorp by 2.0% in the 1st quarter. Royal Bank of Canada now owns 214,065 shares of the bank’s stock valued at $4,536,000 after acquiring an additional 4,153 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Old National Bancorp by 87.8% in the 1st quarter. Jones Financial Companies Lllp now owns 12,696 shares of the bank’s stock valued at $269,000 after acquiring an additional 5,936 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Old National Bancorp by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,843,946 shares of the bank’s stock valued at $60,263,000 after acquiring an additional 215,203 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Old National Bancorp by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 913,117 shares of the bank’s stock valued at $19,349,000 after acquiring an additional 64,110 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial upped their target price on Old National Bancorp from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday. Barclays upped their target price on Old National Bancorp from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. National Bankshares set a $24.00 target price on Old National Bancorp in a research report on Tuesday, May 20th. Wall Street Zen raised Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group initiated coverage on Old National Bancorp in a research report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 target price on the stock. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Old National Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $26.30.

Old National Bancorp Company Profile

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.