Old National Bancorp Stock Today
| ONB Stock | USD 15.69 0.12 0.76% |
Performance0 of 100
| Odds Of DistressLess than 6
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Old National is trading at 15.69 as of the 15th of April 2024, a -0.76 percent decrease since the beginning of the trading day. The stock's open price was 15.81. Old National has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Old National Bancorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of March 2024 and ending today, the 15th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 26th of March 1990 | Category Financial Services | Classification Financials |
Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana. The company has 316.74 M outstanding shares of which 11.73 M shares are now shorted by investors with about 6.33 days to cover. More on Old National Bancorp
Moving together with Old Stock
| 0.67 | PB | Prosperity Bancshares Report 24th of April 2024 | PairCorr |
| 0.68 | RF | Regions Financial Earnings Call This Week | PairCorr |
Old Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Old National's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Old National or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Robert Jones | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, SP Midcap 400, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Old National report their recommendations after researching Old National's financial statements, talking to executives and customers, or listening in on Old National's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Old National Bancorp. The Old consensus assessment is calculated by taking the average forecast from all of the analysts covering Old National. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Old National's profitability, liquidity, and operating efficiency, Old National Bancorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Old National Bancorp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Old National's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Old National's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Old National's financial leverage. It provides some insight into what part of Old National's total assets is financed by creditors.
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Old National Bancorp (ONB) is traded on NASDAQ Exchange in USA. It is located in One Main Street, Evansville, IN, United States, 47708 and employs 3,940 people. Old National is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.01 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Old National's market, we take the total number of its shares issued and multiply it by Old National's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Old National Bancorp runs under Banks sector within Financials industry. The entity has 316.74 M outstanding shares of which 11.73 M shares are now shorted by investors with about 6.33 days to cover.
Old National Bancorp has about 466.85 M in cash with 516.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.59.
Check Old National Probability Of Bankruptcy
Ownership AllocationOld National owns a total of 316.74 Million outstanding shares. The majority of Old National Bancorp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Old National Bancorp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Old National. Please pay attention to any change in the institutional holdings of Old National Bancorp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Old Ownership Details
Old Stock Price Odds Analysis
What are Old National's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Old National jumping above the current price in 90 days from now is over 95.15%. The Old National Bancorp probability density function shows the probability of Old National stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6119. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Old National will likely underperform. Additionally, old National Bancorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Old National to move above the current price in 90 days from now is over 95.15 (This Old National Bancorp probability density function shows the probability of Old Stock to fall within a particular range of prices over 90 days) .
Old Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Old National that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Old National's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Old National's value.| Instituion | Recorded On | Shares | |
| Verition Fund Managegment, Llc | 3.8 M | ||
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.6 M | |
| Pzena Investment Management, Llc | 2023-12-31 | 3.6 M | |
| Northern Trust Corp | 2023-12-31 | 3.6 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 3.5 M | |
| Fisher Asset Management, Llc | 2023-12-31 | 3.5 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 3.3 M | |
| Norges Bank | 2023-12-31 | 3.3 M | |
| Silvercrest Asset Management Group Llc | 2023-12-31 | 3.3 M | |
| Blackrock Inc | 2023-12-31 | 36.2 M | |
| Vanguard Group Inc | 2023-12-31 | 31.2 M |
Old National Historical Income Statement
Old National Bancorp Income Statement is one of the three primary financial statements used for reporting Old's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Old National Bancorp revenue and expense. Old National Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Old National's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 1.1 B, whereas Depreciation And Amortization is forecasted to decline to about 15.9 M. View More FundamentalsOld Stock Against Markets
Picking the right benchmark for Old National stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Old National stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Old National is critical whether you are bullish or bearish towards Old National Bancorp at a given time. Please also check how Old National's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Old National without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Old National Corporate Directors
Old National corporate directors refer to members of an Old National board of directors. The board of directors generally takes responsibility for the Old National's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Old National's board members must vote for the resolution. The Old National board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kelly Stanley | Independent Director | Profile | |
| Randall Shepard | Independent Director | Profile | |
| Niel Ellerbrook | Independent Director | Profile | |
| Arthur McElwee | Independent Director | Profile |
How to buy Old Stock?
Before investing in Old National, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Old National. To buy Old National stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Old National. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Old National stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Old National Bancorp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Old National Bancorp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Old National Bancorp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Old Stock please use our How to Invest in Old National guide.
Already Invested in Old National Bancorp?
The danger of trading Old National Bancorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Old National is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Old National. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Old National Bancorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Old National Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Old National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Old National Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Old National Bancorp Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Old Stock analysis
When running Old National's price analysis, check to measure Old National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old National is operating at the current time. Most of Old National's value examination focuses on studying past and present price action to predict the probability of Old National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old National's price. Additionally, you may evaluate how the addition of Old National to your portfolios can decrease your overall portfolio volatility.
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Is Old National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old National. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 0.56 | Earnings Share 1.94 | Revenue Per Share 6.061 | Quarterly Revenue Growth (0.17) |
The market value of Old National Bancorp is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old National's value that differs from its market value or its book value, called intrinsic value, which is Old National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old National's market value can be influenced by many factors that don't directly affect Old National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.