Old National Bancorp (ONB) Releases Earnings Results, Beats Expectations By $0.08 EPS

Old National Bancorp (ONB) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.23. Analysts expectations of $153.69 million. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Old National Bancorp. Piper Jaffray Initiated Old National Bancorp on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $13.50.

Old National Bancorp opened for trading at $13.1 and hit $13.19 on the upside on Friday, eventually ending the session at $13.16, with a gain of 0.30% or 0.04 points. The heightened volatility saw the trading volume jump to 10,30,091 shares. Company has a market cap of $1,505 M.

In a different news, on Jun 1, 2016, Christopher A Wolking (SEVP – CFO) sold 3,000 shares at $13.17 per share price. According to the SEC, on May 16, 2016, Randall T Shepard (director) purchased 1,000 shares at $12.28 per share price. On May 9, 2016, Niel C Ellerbrook (director) purchased 15,000 shares at $12.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned banking subsidiary provides a range of services including commercial and consumer loan and depository services private banking brokerage trust investment advisory and other traditional banking services. Through its non-bank affiliates it provides insurance brokerage services and other financial services. It operates in two segments: banking which consists of lending and depository activities along with cash management private banking brokerage trust and investment advisory services and insurance which offers full-service insurance brokerage services including commercial property and casualty surety loss control services employee benefits consulting and administration and personal insurance. Old National Bank provides a range of services including commercial and consumer loan and depository services lease financing and other traditional banking services.

Old National Bancorp

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