Old National Bancorp (ONB) to Issue Quarterly Dividend of $0.15 on May 16th

Old National Bancorp (NASDAQ:ONB) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Tuesday, May 5th will be paid a dividend of 0.145 per share by the bank on Saturday, May 16th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, May 5th.

Old National Bancorp has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Old National Bancorp to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 21.5%.

Old National Bancorp Trading Up 1.2%

ONB stock opened at $25.20 on Friday. Old National Bancorp has a one year low of $16.83 and a one year high of $26.17. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 14.08 and a beta of 0.84. The company has a fifty day moving average price of $23.79 and a two-hundred day moving average price of $22.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.93.

Old National Bancorp (NASDAQ:ONB) last posted its earnings results on Wednesday, January 21st. The bank reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Old National Bancorp had a net margin of 17.91% and a return on equity of 15.06%. The company had revenue of $698.53 million during the quarter, compared to analysts’ expectations of $705.62 million. During the same quarter last year, the company posted $0.49 EPS. Equities analysts anticipate that Old National Bancorp will post 2.08 EPS for the current 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.