Old National Bancorp (NASDAQ: ONB)’s stock price has plunge by -0.02relation to previous closing price of 21.71. Nevertheless, the company has seen a 0.21% surge in its stock price over the last five trading sessions. zacks.com reported 2024-12-03 that VIK, AHR and ONB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 3, 2024.
Is It Worth Investing in Old National Bancorp (NASDAQ: ONB) Right Now?
Old National Bancorp (NASDAQ: ONB) has a price-to-earnings ratio that is above its average at 13.17x. The stock has a 36-month beta value of 0.86. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ONB is 316.10M, and at present, short sellers hold a 10.85% of that float. On January 01, 2025, the average trading volume of ONB was 2.53M shares.
ONB’s Market Performance
ONB stock saw a decrease of 0.21% in the past week, with a monthly decline of -6.28% and a quarterly a decrease of 20.18%. The volatility ratio for the week is 2.09%, and the volatility levels for the last 30 days are 2.71% for Old National Bancorp (ONB). The simple moving average for the last 20 days is -2.68% for ONB stock, with a simple moving average of 16.41% for the last 200 days.
Analysts’ Opinion of ONB
Many brokerage firms have already submitted their reports for ONB stocks, with Raymond James repeating the rating for ONB by listing it as a “Strong Buy.” The predicted price for ONB in the upcoming period, according to Raymond James is $28 based on the research report published on November 26, 2024 of the previous year 2024.
Hovde Group, 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 “Outperform” according to the report published on June 03rd, 2024.
Barclays gave a rating of “Overweight” to ONB, setting the target price at $20 in the report published on March 08th of the previous year.
ONB Trading at 1.29% 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 -8.65% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -5.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.19% upper at present.
During the last 5 trading sessions, ONB rose by +0.21%, which changed the moving average for the period of 200-days by +32.35% in comparison to the 20-day moving average, which settled at $22.30. In addition, Old National Bancorp saw 28.51% 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:
- 0.29 for the present operating margin
- 1.04 for the gross margin
The net margin for Old National Bancorp stands at 0.2. The total capital return value is set at 0.03. Equity return is now at value 8.92, with 1.01 for asset returns.
Based on Old National Bancorp (ONB), the company’s capital structure generated 0.43 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 0.77. The interest coverage ratio of the stock is 0.86.
Currently, EBITDA for the company is 816.56 million with net debt to EBITDA at 9.96. When we switch over and look at the enterprise to sales, we see a ratio of 4.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To sum up, Old National Bancorp (ONB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
