Old National Bancorp [ONB] stock prices are up 3.02% to $18.44 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ONB shares have gain 2.33% over the last week, with a monthly amount drifted -6.54%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Overweight rating on March 08, 2024, and set its price target to $20. On December 01, 2023, Citigroup initiated with a Buy rating and assigned a price target of $17 on the stock. UBS upgraded its rating to a Buy and increased its price target to $15.50 on July 10, 2023. UBS initiated its recommendation with a Neutral and recommended $16 as its price target on March 15, 2023. Stephens upgraded its rating to Overweight for this stock on May 13, 2022, but kept the price target unchanged to $19. In a note dated December 20, 2021, Keefe Bruyette upgraded an Outperform rating on this stock but restated the target price of $22.
The stock price of Old National Bancorp [ONB] has been fluctuating between $12.36 and $20.43 over the past year. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Old National Bancorp [NASDAQ: ONB] shares were valued at $18.44 at the most recent close of the market. An investor can expect a potential return of 24.73% based on the average ONB price forecast.
Analyzing the ONB fundamentals
The Old National Bancorp [NASDAQ:ONB] reported sales of 2.77B for trailing twelve months, representing a surge of 20.13%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.17 points at the first support level, and at 17.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.66, and for the 2nd resistance point, it is at 18.88.
Ratios To Look Out For
It’s worth pointing out that Old National Bancorp [NASDAQ:ONB]’s Current Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 10.84.
Transactions by insiders
Recent insider trading involved Stewart Derrick J, Director, that happened on Jul 30 ’24 when 14679.0 shares were sold. PRESIDENT AND COO, Sander Mark G completed a deal on Jul 30 ’24 to sell 0.1 million shares. Meanwhile, DIRECTOR DERRICK J STEWART bought 14679.0 shares on Jul 30 ’24.
