Old National Bancorp Stock Analysis

Old Stock Analysis Notes

About 78.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.94. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Old National Bancorp has Price/Earnings To Growth (PEG) ratio of 2.45. The entity last dividend was issued on the 4th of March 2024. The firm had 105:100 split on the 3rd of January 2005. 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. Old National operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 4008 people. To find out more about Old National Bancorp contact Robert Jones at 800 731 2265 or learn more at https://www.oldnational.com.

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Old Largest EPS Surprises

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Old Stock Institutional Investors

Note, although Old National's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Old Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 5 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 Profitablity

The company has Net Profit Margin of 0.33 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.45 %, which entails that for every 100 dollars of revenue, it generated $0.45 of operating income.

Management Efficiency

Old National Bancorp has Return on Asset of 0.0121 % which means that on every $100 spent on assets, it made $0.0121 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1089 %, implying that it generated $0.1089 on every 100 dollars invested. Old National's management efficiency ratios could be used to measure how well Old National manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.11, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, Old National's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 3.3 B, whereas Total Current Assets are forecasted to decline to about 4.7 B.

Technical Drivers

As of the 19th of April, Old National holds the Coefficient Of Variation of (32,285), variance of 3.63, and Risk Adjusted Performance of 0.0048. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Old National, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Old National Bancorp, which can be compared to its competitors. Please check Old National Bancorp mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Old National Bancorp is priced some-what accurately, providing market reflects its current price of 15.78 per share. Given that Old National has information ratio of (0.04), we recommend you to check out Old National Bancorp's recent market performance to make sure the company can sustain itself at a future point.

Old National Bancorp Price Movement Analysis

Old National Bancorp Insider Trading Activities

Old National Predictive Daily Indicators

Old National Corporate Filings

Old National Forecast Models

Old National's time-series forecasting models are one of many Old National's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Old National's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Old National prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Old shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Old National. By using and applying Old Stock analysis, traders can create a robust methodology for identifying Old entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Old analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Old analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Old National Bancorp stock analysis indicators help investors evaluate how Old National stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Old National shares will generate the highest return on investment. By understating and applying Old National stock analysis, traders can identify Old National position entry and exit signals to maximize returns.

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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.

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.

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.