Old National Bancorp (ONB) Releases Earnings Results, Beats Expectations By $0.02 EPS

Old National Bancorp (ONB) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.23. Analysts expectations of $139.17 million. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Old National Bancorp. Old National Bancorp was Upgraded by Raymond James to ” Outperform” on Mar 29, 2016.

Old National Bancorp opened for trading at $13.2 and hit $13.38 on the upside on Wednesday, eventually ending the session at $13.35, with a gain of 0.83% or 0.11 points. The heightened volatility saw the trading volume jump to 17,71,792 shares. Company has a market cap of $1,526 M.

In a different news, on Dec 16, 2015, Robert G Jones (CEO) purchased 286 shares at $13.84 per share price. According to the SEC, on Oct 28, 2015, Randall T Shepard (director) purchased 1,000 shares at $14.24 per share price. On Aug 25, 2015, Christopher A Wolking (CFO) purchased 200 shares at $13.75 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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