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

Old National Bancorp (NASDAQ:ONB) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Friday, June 5th will be given a dividend of 0.145 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, June 5th.

Old National Bancorp has a dividend payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Old National Bancorp Stock Performance

NASDAQ:ONB opened at $23.44 on Thursday. The business has a 50 day moving average of $22.87 and a 200 day moving average of $22.83. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 12.08 and a beta of 0.85. Old National Bancorp has a 1-year low of $19.39 and a 1-year high of $26.17. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.93.

Old National Bancorp (NASDAQ:ONB) last released its earnings results on Wednesday, April 22nd. The bank reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $702.70 million during the quarter, compared to the consensus estimate of $706.62 million. Old National Bancorp had a return on equity of 11.23% and a net margin of 18.90%.Old National Bancorp’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, sell-side analysts predict that Old National Bancorp will post 2.58 earnings per share for the current fiscal year.

Old National Bancorp Company Profile

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.