While Old National Bancorp has overperformed by 0.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ONB rose by 56.28%, with highs and lows ranging from $23.76 to $14.32, whereas the simple moving average jumped by 28.46% in the last 200 days.
On November 26, 2024, Raymond James Upgraded Old National Bancorp (NASDAQ: ONB) to Strong Buy. Barclays also rated ONB shares as ‘Overweight’, setting a target price of $20 on the company’s shares in an initiating report dated March 08, 2024. Citigroup Initiated an Buy rating on December 01, 2023, and assigned a price target of $17. UBS July 10, 2023d its ‘Neutral’ rating to ‘Buy’ for ONB, as published in its report on July 10, 2023. UBS’s report from March 15, 2023 suggests a price prediction of $16 for ONB shares, giving the stock a ‘Neutral’ rating. Stephens also rated the stock as ‘Overweight’.
Analysis of Old National Bancorp (ONB)
Investors in Old National Bancorp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.56 per share. Further, the quarter-over-quarter increase in sales is 17.79%, showing a positive trend in the upcoming months.
One of the most important indicators of Old National Bancorp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 8.92% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and ONB is recording 2.31M average volume. On a monthly basis, the volatility of the stock is set at 2.79%, whereas on a weekly basis, it is put at 2.95%, with a gain of 9.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.12, showing growth from the present price of $23.16, which can serve as yet another indication of whether ONB is worth investing in or should be passed over.
How Do You Analyze Old National Bancorp Shares?
The Banks – Regional market is dominated by Old National Bancorp (ONB) based in the USA. When comparing Old National Bancorp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.05, there is a growth in quarterly earnings of -10.69%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.27% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ONB shares are owned by institutional investors to the tune of 83.27% at present.
