Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Old National Bancorp (NASDAQ: ONB) closed at $16.66 in the last session, up 0.42% from day before closing price of $16.59. In other words, the price has increased by $0.42 from its previous closing price. On the day, 2.39 million shares were traded. ONB stock price reached its highest trading level at $16.67 during the session, while it also had its lowest trading level at $16.24.
Ratios:
We take a closer look at ONB’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.89.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 5287384064 and an Enterprise Value of 9522258944. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.01, and their Forward P/E ratio for the next fiscal year is 8.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 5.477.
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 1.43%, while the 200-Day Moving Average is calculated to be 5.69%.
Shares Statistics:
According to the various share statistics, ONB traded on average about 2.27M shares per day over the past 3-months and 1961690 shares per day over the past 10 days. A total of 316.74M shares are outstanding, with a floating share count of 313.39M. Insiders hold about 1.06% of the company’s shares, while institutions hold 77.86% stake in the company. Shares short for ONB as of 1713139200 were 9583778 with a Short Ratio of 4.23, compared to 1710460800 on 10959349. Therefore, it implies a Short% of Shares Outstanding of 9583778 and a Short% of Float of 3.88.
Dividends & Splits
The forward annual dividend rate for ONB is 0.56, which was 0.56 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.033755273The stock’s 5-year Average Dividend Yield is 3.41.
Earnings Estimates
The current market rating for Old National Bancorp (ONB) reflects the collective analysis of 7.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.43, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.47, with high estimates of $0.49 and low estimates of $0.45.
Analysts are recommending an EPS of between $1.87 and $1.8 for the fiscal current year, implying an average EPS of $1.84. EPS for the following year is $2.06, with 6.0 analysts recommending between $2.21 and $1.98.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $471.28M. It ranges from a high estimate of $474.9M to a low estimate of $457.46M. As of the current estimate, Old National Bancorp’s year-ago sales were $447.85MFor the next quarter, 6 analysts are estimating revenue of $484.12M. There is a high estimate of $487M for the next quarter, whereas the lowest estimate is $481.7M.
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 $1.87B, resulting in an average revenue estimate of $1.88B. In the same quarter a year ago, actual revenue was $1.84BBased 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 $1.97B.
