Latest news with #OldNationalBancorp
Yahoo
2 days ago
- Business
- Yahoo
Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14
The board of Old National Bancorp (NASDAQ:ONB) has announced that it will pay a dividend on the 16th of June, with investors receiving $0.14 per share. This payment means that the dividend yield will be 2.7%, which is around the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Unless the payments are sustainable, the dividend yield doesn't mean too much. Having distributed dividends for at least 10 years, Old National Bancorp has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Old National Bancorp's payout ratio of 32% is a good sign as this means that earnings decently cover dividends. Over the next 3 years, EPS is forecast to expand by 69.0%. Analysts forecast the future payout ratio could be 21% over the same time horizon, which is a number we think the company can maintain. Check out our latest analysis for Old National Bancorp The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $0.44 in 2015 to the most recent total annual payment of $0.56. This means that it has been growing its distributions at 2.4% per annum over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. The company's investors will be pleased to have been receiving dividend income for some time. Earnings have grown at around 4.2% a year for the past five years, which isn't massive but still better than seeing them shrink. If Old National Bancorp is struggling to find viable investments, it always has the option to increase its payout ratio to pay more to shareholders. We should note that Old National Bancorp has issued stock equal to 16% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 2 warning signs for Old National Bancorp that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
3 days ago
- Business
- Yahoo
Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14
The board of Old National Bancorp (NASDAQ:ONB) has announced that it will pay a dividend on the 16th of June, with investors receiving $0.14 per share. This payment means that the dividend yield will be 2.7%, which is around the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Unless the payments are sustainable, the dividend yield doesn't mean too much. Having distributed dividends for at least 10 years, Old National Bancorp has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Old National Bancorp's payout ratio of 32% is a good sign as this means that earnings decently cover dividends. Over the next 3 years, EPS is forecast to expand by 69.0%. Analysts forecast the future payout ratio could be 21% over the same time horizon, which is a number we think the company can maintain. Check out our latest analysis for Old National Bancorp The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $0.44 in 2015 to the most recent total annual payment of $0.56. This means that it has been growing its distributions at 2.4% per annum over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. The company's investors will be pleased to have been receiving dividend income for some time. Earnings have grown at around 4.2% a year for the past five years, which isn't massive but still better than seeing them shrink. If Old National Bancorp is struggling to find viable investments, it always has the option to increase its payout ratio to pay more to shareholders. We should note that Old National Bancorp has issued stock equal to 16% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 2 warning signs for Old National Bancorp that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
18-05-2025
- Business
- Yahoo
Old National Bancorp (NASDAQ:ONB) Will Pay A Dividend Of $0.14
The board of Old National Bancorp (NASDAQ:ONB) has announced that it will pay a dividend of $0.14 per share on the 16th of June. This means the annual payment will be 2.5% of the current stock price, which is lower than the industry average. We've discovered 1 warning sign about Old National Bancorp. View them for free. If it is predictable over a long period, even low dividend yields can be attractive. Having distributed dividends for at least 10 years, Old National Bancorp has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Old National Bancorp's payout ratio of 32% is a good sign as this means that earnings decently cover dividends. Looking forward, EPS is forecast to rise by 90.1% over the next 3 years. The future payout ratio could be 21% over that time period, according to analyst estimates, which is a good look for the future of the dividend. View our latest analysis for Old National Bancorp The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was $0.44 in 2015, and the most recent fiscal year payment was $0.56. This implies that the company grew its distributions at a yearly rate of about 2.4% over that duration. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. However, Old National Bancorp has only grown its earnings per share at 4.2% per annum over the past five years. While growth may be thin on the ground, Old National Bancorp could always pay out a higher proportion of earnings to increase shareholder returns. An additional note is that the company has been raising capital by issuing stock equal to 16% of shares outstanding in the last 12 months. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've picked out 1 warning sign for Old National Bancorp that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
17-05-2025
- Business
- Yahoo
Aristotle Small Cap Equity Strategy Initiated a Position in Old National Bancorp (ONB) in Q1
Aristotle Capital Boston, LLC, an investment advisor, released its 'Small Cap Equity Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The volatility observed in 2024 continued into the first quarter of 2025. The Russell 2000 Index experienced volatility in Q1 2025, losing -9.48% after a strong 2024. Due to uncertainty, geopolitical tensions, and a longer rate environment, February and March were challenging. In the first quarter, the strategy delivered a return of -7.34% net of fees (-7.20% gross of fees), outperforming the Russell 2000 Index's -9.48% total return. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Aristotle Capital Small Cap Equity Strategy highlighted stocks such as Old National Bancorp (NASDAQ:ONB). Old National Bancorp (NASDAQ:ONB) is a bank holding company for Old National Bank. The one-month return of Old National Bancorp (NASDAQ:ONB) was 13.94%, and its shares gained 26.89% of their value over the last 52 weeks. On May 15, 2025, Old National Bancorp (NASDAQ:ONB) stock closed at $22.32 per share with a market capitalization of $8.257 billion. Aristotle Capital Small Cap Equity Strategy stated the following regarding Old National Bancorp (NASDAQ:ONB) in its Q1 2025 investor letter: "Old National Bancorp (NASDAQ:ONB), is a regional bank serving clients primarily in the Midwest and Southeastern U.S. We believe the company's geographic location, strong balance sheet, increased loan growth and repricing of fixed-rate loans to higher rates will benefit NIMs on a go-forward basis." An individual holding a debit card, signifying the company's payment options. Old National Bancorp (NASDAQ:ONB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Old National Bancorp (NASDAQ:ONB) at the end of the fourth quarter which was 18 in the previous quarter. While we acknowledge the potential of Old National Bancorp (NASDAQ:ONB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Old National Bancorp (NASDAQ:ONB) and shared billionaire George Soros' small-cap stocks with huge upside potential. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
14-05-2025
- Business
- CNBC
Buy these dividend-paying regional bank stocks, Truist says
Large banks have many advantages over smaller counterparts, but several regional bank stocks remain standouts, according to Truist. Plus, they pay solid dividends. Bank stocks have largely reversed course after sinking on President Donald Trump 's tariff policy announcement in early April. The SPDR S & P Regional Banking ETF has seen four consecutive weeks of gains and is up about 5% so far this week. Yet the ETF is still down nearly 2% year to date. KRE YTD mountain SPDR S & P Regional Banking ETF in 2025. In this environment, Truist is being selective when it comes to small- and mid-cap (SMID) banks. "Amidst the uncertain macro backdrop, we favor a mix of names with outsize[d] organic growth opportunities driven by differentiated business models and/or footprint, potential to be disciplined participants in an eventual M & A revival, and leverage to positive cyclical trends as balance sheets turn over," a team of analysts led by David Smith wrote in a note on Monday. Since SMID-cap banks rely on customer relationships within a smaller geographic footprint, investors can look at differing economic conditions across the country, the analysts said. Here are four names Truist rates a buy, one in each geographic region. Old National Bancorp , in the Midwest, has a 2.49% dividend yield. The Evansville, Indiana-based bank recently closed its merger with Bremer Financial, expanding its footprint into new markets across Minnesota, Wisconsin and North Dakota, analyst Brian Foran said. "The bank has a good track record on meeting and beating targets of previous large deals, and we see a path of maintaining mid-to-high teens [return on tangible common equity] and getting efficiency ratio below 50s, with more than 20% EPS accretion in 2026 generated from Bremer integration," he wrote. Shares are up 4% so far this year. Foran's $26 price target suggests nearly 16% upside from Tuesday's close. In the Northeast, Webster Financial is one bank that Smith likes. He has a price target of $61 on the stock, implying 15% upside. Headquartered in Stamford, Conn., the bank's footprint spans from New York to Massachusetts, he noted. It is one of the more profitable in his research universe, with its efficient operations and low-cost, diversified funding base, he said. "Webster also boasts some niche lending businesses and high capital levels, though we expect more focus on organic growth or buybacks near term," Smith wrote. "Although higher [commercial real estate] concentration and slower growth markets are concerns, we view them as offering diversification and see a compelling valuation." The stock yields 3.03% and has lost 3% year to date. With Synovus Financial , investors get a dividend equal to a current yield of 3.15%. The bank, headquartered in Columbus, Georgia, is in the middle innings of a self-improvement journey, analyst John McDonald said. It has an attractive footprint across five states in the Southeast, with 70% of its markets in high growth areas, he said. "The bank has streamlined its structure and slimmed exposures, and is now executing on organic expansion while delivering more consistent credit quality," McDonald wrote. "Stock trades at a valuation discount, and current profitability/franchise value offers an opportunity to shed legacy perceptions through consistent execution." He has a $56 price target on Synovus, suggesting it can move 13% above Tuesday's close. Synovus Financial is down 3% so far this year. Lastly, Western Alliance Bancorp , whose dividend equals a 1.91% dividend yield, is one of the fastest growing banks based on internal growth rather than mergers and acqusitions, Smith said. Headquartered in Phoenix, Western Alliance has shifted from a real-estate heavy, community bank to a diversified commercial bank with numerous niche businesses that provide attractive profit margins, he noted. "While above-average CRE and office concentration, coupled with a poor [global financial crisis] loan loss performance, give some investors concern on credit, WAL has transformed its balance sheet," Smith wrote. "Following a considerable liquidity & capital build after the bank was caught up in the March Madness of '23 that saw its industry-leading returns dip, Western Alliance is poised to once again be among the more profitable midsize banks." Truist's 12-month price target of $92 suggests 15.5% upside from Tuesday's close. The stock has slipped 4% year to date.
