Old Financial Statements From 2010 to 2025
| ONBPP Preferred Stock | USD 25.06 0.05 0.20% |
Check Old National financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Old National's main balance sheet or income statement drivers, such as , as well as many indicators such as . Old financial statements analysis is a perfect complement when working with Old National Valuation or Volatility modules.
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Old National Bancorp Company Price To Earning Analysis
Old National's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Old National Price To Earning | 28.08 X |
Most of Old National's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Old National Bancorp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Old National Bancorp has a Price To Earning of 28.08 times. This is 53.61% higher than that of the Financial Services sector and significantly higher than that of the Banks—Regional industry. The price to earning for all United States preferred stocks is 2.23% higher than that of the company.
Old National Bancorp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Old National's current stock value. Our valuation model uses many indicators to compare Old National value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Old National competition to find correlations between indicators driving Old National's intrinsic value. More Info.Old National Bancorp is considered to be number one stock in price to earning category among its peers. It is rated below average in beta category among its peers totaling about 0.03 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Old National Bancorp is roughly 33.54 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Old National's earnings, one of the primary drivers of an investment's value.About Old National Financial Statements
Old National shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Old National investors may analyze each financial statement separately, they are all interrelated. The changes in Old National's assets and liabilities, for example, are also reflected in the revenues and expenses on on Old National's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana. Old National operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 4008 people.
Pair Trading with Old National
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Old National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Old National will appreciate offsetting losses from the drop in the long position's value.Moving against Old Preferred Stock
| 0.7 | EFSI | Eagle Financial Services | PairCorr |
| 0.56 | KB | KB Financial Group | PairCorr |
| 0.5 | VBNK | VersaBank | PairCorr |
| 0.49 | EGBN | Eagle Bancorp | PairCorr |
| 0.47 | AX | Axos Financial | PairCorr |
The ability to find closely correlated positions to Old National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Old National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Old National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Old National Bancorp to buy it.
The correlation of Old National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Old National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Old National Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Old National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Old Preferred Stock Analysis
When running Old National's price analysis, check to measure Old National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old National is operating at the current time. Most of Old National's value examination focuses on studying past and present price action to predict the probability of Old National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old National's price. Additionally, you may evaluate how the addition of Old National to your portfolios can decrease your overall portfolio volatility.