Earnings and Growth Analysis : Old National Bancorp (NASDAQ:ONB)

Earnings results for Old National Bancorp (NASDAQ:ONB)

Old National Bancorp is expected* to report earnings on 10/19/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.35. The reported EPS for the same quarter last year was $0.46.

Old National Bancorp last announced its quarterly earnings results on July 19th, 2021. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $204.91 million for the quarter, compared to analyst estimates of $205.33 million. Old National Bancorp has generated $1.50 earnings per share over the last year ($1.81 diluted earnings per share) and currently has a price-to-earnings ratio of 9.6. Earnings for Old National Bancorp are expected to grow by 16.67% in the coming year, from $1.32 to $1.54 per share. Old National Bancorp has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Old National Bancorp will be holding an earnings conference call on Tuesday, October 19th at 10:00 AM Eastern. Interested parties can or dial in at 855-859-2056 with passcode “4242648”.

Analyst Opinion on Old National Bancorp (NASDAQ:ONB)

According to the issued ratings of 2 analysts in the last year, the consensus rating for Old National Bancorp stock is Buy based on the current 1 hold rating and 1 buy rating for ONB. The average twelve-month price target for Old National Bancorp is $18.50 with a high price target of $20.00 and a low price target of $17.00.

on ONB’s analyst rating history

Old National Bancorp has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $18.50, Old National Bancorp has a forecasted upside of 6.8% from its current price of $17.33. Old National Bancorp has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Old National Bancorp (NASDAQ:ONB)

Old National Bancorp pays a meaningful dividend of 3.22%, higher than the bottom 25% of all stocks that pay dividends. Old National Bancorp has only been increasing its dividend for 2 years. The dividend payout ratio of Old National Bancorp is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old National Bancorp will have a dividend payout ratio of 36.36% next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Old National Bancorp (NASDAQ:ONB)

In the past three months, Old National Bancorp insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $1,665.00 in company stock and sold $0.00 in company stock. Only 1.15% of the stock of Old National Bancorp is held by insiders. 72.42% of the stock of Old National Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Old National Bancorp (NASDAQ:ONB

Earnings for Old National Bancorp are expected to grow by 16.67% in the coming year, from $1.32 to $1.54 per share. The P/E ratio of Old National Bancorp is 9.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of Old National Bancorp is 9.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.51. Old National Bancorp has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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