The stock of Old National Bancorp (ONB) has gone down by 0.00% for the week, with a -0.89% drop in the past month and a -6.54% drop in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are 2.21% for ONB. The simple moving average for the last 20 days is 1.41% for ONB’s stock, with a simple moving average of 8.33% 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 11.09x compared to its average ratio. ONB has 36-month beta value of 0.81. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
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
The public float for ONB is 316.10M, and currently, short sellers hold a 2.65% ratio of that float. The average trading volume of ONB on October 22, 2024 was 1.93M shares.
ONB) stock’s latest price update
The stock price of Old National Bancorp (NASDAQ: ONB) has dropped by -3.33 compared to previous close of 19.52. globenewswire.com reported 2024-10-16 that EVANSVILLE, Ind., Oct. 16, 2024 (GLOBE NEWSWIRE) — Honoring National Disability Employment Awareness Month in October, the National Organization on Disability (NOD) named Old National Bank as one of only 59 Leading Disability Employers for 2024.
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 0.57% 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 -7.64% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -0.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.13% upper at present.
During the last 5 trading sessions, ONB remain unchanged, which changed the moving average for the period of 200-days by +13.06% in comparison to the 20-day moving average, which settled at $18.61. In addition, Old National Bancorp saw 11.72% 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 Brendon B. Falconer, who proposed sale 9,599 shares at the price of $19.13 back on Oct 15 ’24. After this action, Brendon B. Falconer now owns shares of Old National Bancorp, valued at $183,628 using the latest closing price.
Brendon B. Falconer, the Former SEVP, Chief Financial O of Old National Bancorp, proposed sale 32,452 shares at $17.97 during a trade that took place back on Oct 02 ’24, which means that Brendon B. Falconer is holding shares at $583,162 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 4.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To put it simply, Old National Bancorp (ONB) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
