Old National Bancorp (NASDAQ:ONB) Announces Quarterly Dividend of $0.14

Old National Bancorp (NASDAQ:ONB) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Saturday, December 5th will be given a dividend of $0.1450 per share by the bank on Tuesday, December 15th. This represents a $0.58 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, December 4th.

Old National Bancorp has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Old National Bancorp to earn $2.83 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 20.5%.

Old National Bancorp Stock Down 1.3%

NASDAQ ONB opened at $24.94 on Friday. Old National Bancorp has a 52 week low of $19.60 and a 52 week high of $27.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $9.43 billion, a P/E ratio of 10.18 and a beta of 0.88. The stock’s 50-day moving average price is $25.15 and its 200-day moving average price is $24.69.

Old National Bancorp (NASDAQ:ONB) last announced its quarterly earnings data on Wednesday, October 21st. The bank reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $732.04 million. Old National Bancorp had a return on equity of 12.02% and a net margin of 23.36%. During the same period in the previous year, the company posted $0.59 EPS. On average, equities research analysts predict that Old National Bancorp will post 2.57 earnings per share for the current year.

About Old National Bancorp

Old National Bancorp is a regional bank holding company headquartered in Evansville, Indiana. Founded in 1834, it operates primarily through Old National Bank, serving individuals, businesses and organizations across the Midwest. The company offers consumer and commercial banking services, including checking and savings accounts, loans, mortgages, treasury management and digital banking. It also provides wealth management and trust services, as well as solutions for businesses and institutional clients.