Old National Bancorp (NASDAQ: ONB)’s stock price has plunge by -1.30relation to previous closing price of 23.85. Nevertheless, the company has seen a 0.34% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-21 that Old National Bancorp (NASDAQ:ONB ) Q4 2024 Earnings Conference Call January 21, 2025 10:00 AM ET Company Participants Jim Ryan – Chairman and Chief Executive Officer John Moran – Senior Vice President, Chief Strategy Officer and Chief Financial Officer Mark Sander – President and Chief Operating Officer Conference Call Participants Ben Gerlinger – Citi Scott Siefers – Piper Sandler Jared Shaw – Barclays Brendan Nosal – Hovde Group Terry McEvoy – Stephens Jon Arfstrom – RBC Capital Markets Chris McGratty – KBW Operator Welcome to the Old National Bancorp Fourth Quarter and Full-Year 2024 Earnings Conference Call. This call is being recorded and has been made accessible to the public in accordance with the SEC’s Regulation FD.
Is It Worth Investing in Old National Bancorp (NASDAQ: ONB) Right Now?
The price-to-earnings ratio for Old National Bancorp (NASDAQ: ONB) is above average at 14.02x. The 36-month beta value for ONB is also noteworthy at 0.87. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ONB is 316.10M, and at present, short sellers hold a 10.70% of that float. The average trading volume of ONB on February 04, 2025 was 3.14M shares.
ONB’s Market Performance
The stock of Old National Bancorp (ONB) has seen a 0.34% increase in the past week, with a 8.45% rise in the past month, and a 21.91% gain in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.67% for ONB. The simple moving average for the past 20 days is 4.23% for ONB’s stock, with a 22.12% simple moving average for the past 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 5.18% 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 -2.59% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +11.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.93% upper at present.
During the last 5 trading sessions, ONB rose by +0.34%, which changed the moving average for the period of 200-days by +52.07% in comparison to the 20-day moving average, which settled at $22.59. In addition, Old National Bancorp saw 8.45% 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 9.06, with 1.05 for asset returns.
Based on Old National Bancorp (ONB), the company’s capital structure generated 0.44 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 0.8. 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 4.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In summary, Old National Bancorp (ONB) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
