At the time of writing, Old National Bancorp [ONB] stock is trading at $22.00, up 0.36%. 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 3.87% over the last week, with a monthly amount drifted -4.10%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Old National Bancorp [NASDAQ: ONB] stock has seen the most recent analyst activity on November 26, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $28 for it. On March 08, 2024, Barclays initiated with a Overweight rating and assigned a price target of $20 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $17 on December 01, 2023. UBS upgraded its rating to a Buy and raised its price target to $15.50 on July 10, 2023. UBS started tracking with a Neutral rating for this stock on March 15, 2023, and assigned it a price target of $16. In a note dated May 13, 2022, Stephens upgraded an Overweight rating on this stock but restated the target price of $19.
For the past year, the stock price of Old National Bancorp fluctuated between $15.36 and $23.76. Currently, Wall Street analysts expect the stock to reach $24.67 within the next 12 months. Old National Bancorp [NASDAQ: ONB] shares were valued at $22.00 at the most recent close of the market. An investor can expect a potential return of 12.14% based on the average ONB price forecast.
Analyzing the ONB fundamentals
According to Old National Bancorp [NASDAQ:ONB], the company’s sales were 2.89B for trailing twelve months, which represents an 17.79% jump. Gross Profit Margin for this corporation currently stands at 1.04% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 21.71 points at the first support level, and at 21.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.16, and for the 2nd resistance point, it is at 22.33.
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 2.43, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 13.35.
Transactions by insiders
Recent insider trading involved Brendon B. Falconer, Former SEVP, Chief Financial O, that happened on Oct 15 ’24 when 9599.0 shares were purchased. Former SEVP, Chief Financial O, Brendon B. Falconer completed a deal on Oct 02 ’24 to buy 32452.0 shares. Meanwhile, DIRECTOR RYAN C KITCHELL bought 20000.0 shares on Sep 13 ’24.
