At the time of writing, Old National Bancorp [ONB] stock is trading at $19.05, up 0.69%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ONB shares have gain 4.38% over the last week, with a monthly amount glided 1.01%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of Old National Bancorp fluctuated 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 $19.05 at the most recent close of the market. An investor can expect a potential return of 20.73% based on the average ONB price forecast.
Analyzing the ONB fundamentals
According to Old National Bancorp [NASDAQ:ONB], the company’s sales were 2.77B for trailing twelve months, which represents an 20.13% jump. 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 18.67 points at the first support level, and at 18.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.54, and for the 2nd resistance point, it is at 20.04.
Ratios To Look Out For
It is important to note that Old National Bancorp [NASDAQ:ONB] has a current ratio of 0.04. Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 11.20.
Transactions by insiders
Recent insider trading involved RYAN C KITCHELL, DIRECTOR, that happened on Sep 13 ’24 when 20000.0 shares were purchased. Director, Stewart Derrick J completed a deal on Jul 30 ’24 to sell 14679.0 shares. Meanwhile, PRESIDENT AND COO Sander Mark G sold 0.1 million shares on Jul 30 ’24.
