Dividend Growth of Old National Bancorp(ONB)

Old National Bancorp(ONB) is having a Dividend Yield of 2.8% with the Annual cash Dividend per share of $0.52. The last quarter cash dividend per share pay out was $0.13. Old National Bancorp has a 5 year average dividend yield of 3.21% and the stock has a Indicated annual dividend of $0.52. Old National Bancorp(ONB) formally announced its most recent dividend on January 27, 2017 with a Dividend per share of $0.13. The new indicated annual dividend based on announced dividend per share is $0.52. The dividend yield based on the forward looking indicated annual dividend is 2.8%. Old National Bancorp(ONB) has the most recent dividend payout ratio of 0.5 with a 5-year average payout ratio of 0.44. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.06. The 5 year historical dividend growth of Old National Bancorp(ONB) is at the rate of 9.23% while the R-Squared dividend growth is 0.96. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Old National Bancorp (NASDAQ:ONB) rose 0.54% or 0.1 points on Thursday and made its way into the gainers of the day. After trading began at $18.6 the stock was seen hitting $18.75 as a peak level and $18.45 as the lowest level. The stock ended up at $18.7. The daily volume was measured at 561,558 shares. The 52-week high of the share price is $18.8 and the 52-week low is $10.825. The company has a market cap of $2,527 million. Shares of Old National Bancorp rose by 4.76% in the last five trading days and 8.09% for the last 4 weeks. Old National Bancorp is up 10.84% in the last 3-month period. Year-to-Date the stock performance stands at 3.03%.

Currently the company Insiders own 2.7% of Old National Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.82% . Institutional Investors own 70.77% of Old National Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -6.45%. Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Robert G Jones (CHAIRMAN AND CEO) sold 70,000 shares at 17.93 per share price.On Nov 3, 2016, Kendra L Vanzo (ASSOC ENGAGEMENT & INTEGRATION) purchased 1,000 shares at 14.35 per share price.On Aug 18, 2016, Daryl D Moore (EXECUTIVE VICE PRES AND CCO) sold 33,442 shares at 13.80 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Old National Bancorp was Downgraded by Raymond James to Mkt Perform on Nov 22, 2016.

Old National Bancorp Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.26. The company had revenue of $172.70 million for the quarter, compared to analysts expectations of $155.05 million. The companys revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Old National Bancorp is a bank holding company that operates banking offices and ATMs throughout Indiana, Illinois, Ohio, Kentucky, and Tennessee. Through various subsidiaries, Old National provides a broad range of banking services as well as trust and investment management services, insurance brokerage services for both individuals and companies, and investment products. (Company Press Release)


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