Old National Bancorp Stock Analysis

ONB Stock  USD 23.16  0.02  0.09%   
Old National Bancorp is overvalued with Real Value of 20.02 and Target Price of 18.21. The main objective of Old National stock analysis is to determine its intrinsic value, which is an estimate of what Old National Bancorp is worth, separate from its market price. There are two main types of Old National's stock analysis: fundamental analysis and technical analysis.
The Old National stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Old National's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Old Stock Analysis Notes

About 84.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.2. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Old National Bancorp has Price/Earnings To Growth (PEG) ratio of 2.45. The entity last dividend was issued on the 5th of December 2024. The firm had 105:100 split on the 3rd of January 2005. 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. To find out more about Old National Bancorp contact James III at 800 731 2265 or learn more at https://www.oldnational.com.

Old National Quarterly Total Revenue

679.92 Million

Old National Bancorp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Old National's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Old National Bancorp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Old National Bancorp has a poor financial position based on the latest SEC disclosures
Over 84.0% of the company shares are owned by institutional investors
Latest headline from investing.com: Old National Bancorp stock target lifted, overweight on Bremer acquisition

Old National Bancorp Upcoming and Recent Events

Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Old National previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
23rd of April 2024
Upcoming Quarterly Report
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23rd of July 2024
Next Financial Report
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31st of March 2024
Next Fiscal Quarter End
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28th of January 2025
Next Fiscal Year End
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31st of December 2023
Last Quarter Report
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31st of December 2023
Last Financial Announcement
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Old Largest EPS Surprises

Earnings surprises can significantly impact Old National's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2011-08-01
2011-06-300.160.180.0212 
2010-11-01
2010-09-300.110.130.0218 
2009-04-27
2009-03-310.060.080.0233 
View All Earnings Estimates

Old National Environmental, Social, and Governance (ESG) Scores

Old National's ESG score is a quantitative measure that evaluates Old National's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Old National's operations that may have significant financial implications and affect Old National's stock price as well as guide investors towards more socially responsible investments.

Old Stock Institutional Investors

Shares
Silvercrest Asset Management Group Llc2024-09-30
M
Northern Trust Corp2024-09-30
3.6 M
Charles Schwab Investment Management Inc2024-09-30
3.6 M
Jpmorgan Chase & Co2024-09-30
3.5 M
Morgan Stanley - Brokerage Accounts2024-09-30
3.5 M
Bank Of America Corp2024-06-30
3.4 M
Fisher Asset Management, Llc2024-09-30
3.2 M
Bank Of New York Mellon Corp2024-09-30
M
Pzena Investment Management, Llc2024-09-30
M
Blackrock Inc2024-06-30
38.9 M
Vanguard Group Inc2024-09-30
33.6 M
Note, although Old National's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Old Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 7.9 B.

Old Profitablity

The company has Net Profit Margin of 0.3 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.45 %, which entails that for every 100 dollars of revenue, it generated $0.45 of operating income.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.01  0.01 
Return On Capital Employed 0.02  0.02 
Return On Assets 0.01  0.01 
Return On Equity 0.10  0.11 

Management Efficiency

Old National Bancorp has Return on Asset of 0.0101 % which means that on every $100 spent on assets, it made $0.0101 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0892 %, implying that it generated $0.0892 on every 100 dollars invested. Old National's management efficiency ratios could be used to measure how well Old National manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.11, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, Old National's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 3.3 B, whereas Total Current Assets are forecasted to decline to about 4.7 B.
Last ReportedProjected for Next Year
Book Value Per Share 19.13  15.91 
Tangible Book Value Per Share 11.91  13.70 
Enterprise Value Over EBITDA 10.75  16.71 
Price Book Value Ratio 0.88  0.84 
Enterprise Value Multiple 10.75  16.71 
Price Fair Value 0.88  0.84 
Enterprise Value1.9 B1.6 B
Leadership effectiveness at Old National Bancorp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield
0.0242
Operating Margin
0.4497
Profit Margin
0.2961
Forward Dividend Yield
0.0242
Beta
0.807

Technical Drivers

As of the 2nd of December, Old National holds the Semi Deviation of 1.23, risk adjusted performance of 0.0969, and Coefficient Of Variation of 850.06. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Old National, as well as the relationship between them.

Old National Bancorp Price Movement Analysis

Execute Study
The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Old National middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Old National Bancorp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Old National Bancorp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Old National insiders, such as employees or executives, is commonly permitted as long as it does not rely on Old National's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Old National insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Old National Outstanding Bonds

Old National issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Old National Bancorp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Old bonds can be classified according to their maturity, which is the date when Old National Bancorp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Old National Predictive Daily Indicators

Old National intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Old National stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Old National Corporate Filings

26th of November 2024
Other Reports
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25th of November 2024
Other Reports
ViewVerify
F4
18th of November 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
13th of November 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
12th of November 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
6th of November 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
31st of October 2024
The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934
ViewVerify
10Q
30th of October 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify

Old National Forecast Models

Old National's time-series forecasting models are one of many Old National's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Old National's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Old Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Old National prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Old shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Old National. By using and applying Old Stock analysis, traders can create a robust methodology for identifying Old entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.43  0.22 
Operating Profit Margin 0.47  0.77 
Net Profit Margin 0.33  0.18 
Gross Profit Margin 0.88  0.78 

Current Old Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Old analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Old analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
18.21Strong Buy7Odds
Old National Bancorp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Old analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Old stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Old National Bancorp, talking to its executives and customers, or listening to Old conference calls.
Old Analyst Advice Details

Old Stock Analysis Indicators

Old National Bancorp stock analysis indicators help investors evaluate how Old National stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Old National shares will generate the highest return on investment. By understating and applying Old National stock analysis, traders can identify Old National position entry and exit signals to maximize returns.
Begin Period Cash Flow728.4 M
Total Stockholder Equity5.6 B
Capital Lease Obligations21 M
Property Plant And Equipment Net565.4 M
Cash And Short Term Investments430.9 M
Cash430.9 M
50 Day M A19.8724
Net Interest Income1.5 B
Total Current Liabilities26.8 B
Forward Price Earnings11.3766
Investments-2.4 B
Interest Expense703.7 M
Stock Based Compensation27.9 M
Long Term DebtB
Common Stock Shares Outstanding291.9 M
Tax Provision194.4 M
Quarterly Earnings Growth Y O Y-0.102
Free Cash Flow478 M
Other Current Assets1.2 B
Net Debt4.9 B
Other Operating ExpensesB
Non Current Assets Total2.7 B
Liabilities And Stockholders Equity49.1 B
Non Currrent Assets Other5.4 B

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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.
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