The stock of Old National Bancorp (ONB) has gone down by -3.06% for the week, with a -9.02% drop in the past month and a 4.57% rise in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are 2.44% for ONB. The simple moving average for the last 20 days is -3.89% for ONB’s stock, with a simple moving average of 4.43% for the last 200 days.
Is It Worth Investing in Old National Bancorp (NASDAQ: ONB) Right Now?
Old National Bancorp (NASDAQ: ONB) has a higher price-to-earnings ratio of 10.62x compared to its average ratio, The 36-month beta value for ONB is at 0.82. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for ONB is 316.10M, and currently, shorts hold a 2.95% of that float. The average trading volume for ONB on October 02, 2024 was 2.05M shares.
ONB) stock’s latest price update
Old National Bancorp (NASDAQ: ONB) has experienced a decline in its stock price by -3.22 compared to its previous closing price of 18.66. However, the company has seen a fall of -3.06% in its stock price over the last five trading days. globenewswire.com reported 2024-09-24 that EVANSVILLE, Ind., Sept. 24, 2024 (GLOBE NEWSWIRE) — Old National Bancorp (“Old National”) set records for team member volunteer participation, hours, and organizations served during its 3rd annual Better Together Days, a two-day volunteer blitz held on Sept.
Analysts’ Opinion of ONB
Many brokerage firms have already submitted their reports for ONB stocks, with Hovde Group repeating the rating for ONB by listing it as a “Outperform.” The predicted price for ONB in the upcoming period, according to Hovde Group is $20 based on the research report published on June 03, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ONB reach a price target of $20. The rating they have provided for ONB stocks is “Overweight” according to the report published on March 08th, 2024.
Citigroup gave a rating of “Buy” to ONB, setting the target price at $17 in the report published on December 01st of the previous year.
ONB Trading at -4.55% from the 50-Day Moving Average
After a stumble in the market that brought ONB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.60% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -7.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.60% lower at present.
During the last 5 trading sessions, ONB fell by -3.06%, which changed the moving average for the period of 200-days by +7.37% in comparison to the 20-day moving average, which settled at $18.72. In addition, Old National Bancorp saw 6.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONB starting from RYAN C KITCHELL, who proposed sale 20,000 shares at the price of $18.75 back on Sep 13 ’24. After this action, RYAN C KITCHELL now owns shares of Old National Bancorp, valued at $375,000 using the latest closing price.
Stewart Derrick J, the Director of Old National Bancorp, sale 14,679 shares at $20.02 during a trade that took place back on Jul 30 ’24, which means that Stewart Derrick J is holding 0 shares at $293,828 based on the most recent closing price.
Stock Fundamentals for ONB
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 1.0 for the gross margin
The net margin for Old National Bancorp stands at 0.23. The total capital return value is set at 0.04. Equity return is now at value 9.18, with 1.03 for asset returns.
Based on Old National Bancorp (ONB), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 0.96.
Currently, EBITDA for the company is 775.46 million with net debt to EBITDA at 13.9. When we switch over and look at the enterprise to sales, we see a ratio of 4.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In conclusion, Old National Bancorp (ONB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.