As of close of business last night, Old National Bancorp’s stock clocked out at $16.21, down -2.64% from its previous closing price of $16.65. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 8452141 shares were traded.
Ratios:
To gain a deeper understanding of ONB’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.87.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Overweight rating and assigned the stock a target price of $20.
On December 01, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $17.
UBS Upgraded its Neutral to Buy on July 10, 2023, whereas the target price for the stock was revised from $14.50 to $15.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 11 ’23 when SCUDDER MICHAEL L sold 50,000 shares for $16.81 per share. The transaction valued at 840,500 led to the insider holds 215,796 shares of the business.
Moran John V bought 2,500 shares of ONB for $49,625 on May 09 ’23. The EVP, CHIEF STRATEGY OFFICER now owns 2,500 shares after completing the transaction at $19.85 per share. On May 04 ’23, another insider, Ryan James C III, who serves as the CHIEF EXECUTIVE OFFICER of the company, bought 8,200 shares for $12.22 each. As a result, the insider paid 100,203 and bolstered with 625,066 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONB now has a Market Capitalization of 4.74B. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.36, and their Forward P/E ratio for the next fiscal year is 7.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 0.89.
Stock Price History:
Over the past 52 weeks, ONB has reached a high of $17.64, while it has fallen to a 52-week low of $11.66. The 50-Day Moving Average of the stock is 16.53, while the 200-Day Moving Average is calculated to be 15.67.
Shares Statistics:
It appears that ONB traded 2.05M shares on average per day over the past three months and 2.72M shares per day over the past ten days. A total of 292.65M shares are outstanding, with a floating share count of 289.63M. Insiders hold about 1.05% of the company’s shares, while institutions hold 84.34% stake in the company. Shares short for ONB as of Mar 15, 2024 were 10.96M with a Short Ratio of 5.35, compared to 10.2M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.74% and a Short% of Float of 4.92%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.56, ONB has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 3.36%, it implies a Forward Annual Dividend Yield of 3.46%. The stock’s 5-year Average Dividend Yield is 3.41. The current Payout Ratio is 28.88% for ONB, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Mar 04, 2024. Stock splits for the company last occurred on Jan 03, 2005 when the company split stock in a 105:100 ratio.
Earnings Estimates
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.43 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.42, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.44, with high estimates of $0.45 and low estimates of $0.42.
Analysts are recommending an EPS of between $1.87 and $1.76 for the fiscal current year, implying an average EPS of $1.83. EPS for the following year is $2.03, with 7 analysts recommending between $2.12 and $1.96.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $440M. It ranges from a high estimate of $442.4M to a low estimate of $436.9M. As of the current estimate, Old National Bancorp’s year-ago sales were $452.17M, an estimated decrease of -2.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $451.14M, an increase of 0.70% over than the figure of -$2.70% in the same quarter last year. There is a high estimate of $469.9M for the next quarter, whereas the lowest estimate is $442.4M.
A total of 6 analysts have provided revenue estimates for ONB’s current fiscal year. The highest revenue estimate was $1.89B, while the lowest revenue estimate was $1.86B, resulting in an average revenue estimate of $1.87B. In the same quarter a year ago, actual revenue was $1.84B, up 1.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2B in the next fiscal year. The high estimate is $2.02B and the low estimate is $1.99B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
