A share price of Old National Bancorp [ONB] is currently trading at $19.32, down -1.13%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ONB shares have lost -0.36% over the last week, with a monthly amount glided 7.75%, and 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.
Old National Bancorp experienced fluctuations in its stock price throughout the past year between $12.36 and $20.43. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Old National Bancorp [NASDAQ: ONB] shares were valued at $19.32 at the most recent close of the market. An investor can expect a potential return of 19.05% based on the average ONB price forecast.
Analyzing the ONB fundamentals
Trailing Twelve Months sales for Old National Bancorp [NASDAQ:ONB] were 2.77B which represents 20.13% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.
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 19.16 points at the first support level, and at 18.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.58, and for the 2nd resistance point, it is at 19.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Old National Bancorp [NASDAQ:ONB] is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 11.36.
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.
