NASDAQ:ONBOld National Bancorp Stock Price, Forecast & News

$13.59

-0.31 (-2.23 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$13.39

Now: $13.59▼

$13.75

50-Day Range

$11.71

MA: $13.30▼

$14.72

52-Week Range

$11.19

Now: $13.59▼

$18.74

Volume809,120 shs

Average Volume796,858 shs

Market Capitalization$2.24 billion

P/E Ratio11.42

Dividend Yield3.99%

Beta0.99

Old National Bancorp operates as the holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company offers deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, savings and money market, and time deposits; and loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. It also provides debit and ATM cards, telephone access, and online banking, as well as other electronic and mobile banking services; cash management, private banking, brokerage, trust, and investment advisory services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2018, the company operated 191 banking centers located primarily in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.00, Old National Bancorp has a potential upside of 39.8% from its current price of $13.59.
Amount of Analyst Coverage
Old National Bancorp has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Old National Bancorp has received 352 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Old National Bancorp has received 504 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Old National Bancorp has received 58.88% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Old National Bancorp and other stocks. Vote “Outperform” if you believe ONB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ONB will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Old National Bancorp is a leading dividend payer. It pays a dividend yield of 3.99%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Old National Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Old National Bancorp is 38.62 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Old National Bancorp will have a dividend payout ratio of 48.28 % next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Old National Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $308,228.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.61% of the stock of Old National Bancorp is held by insiders.
Percentage Held by Institutions
68.66% of the stock of Old National Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Old National Bancorp are expected to decrease by -1.69% in the coming year, from $1.18 to $1.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 11.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 11.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.52.
Price to Book Value per Share Ratio
Old National Bancorp has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.91 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:ONB

Previous Symbol

CUSIP68003310

CIK707179

Webwww.oldnational.com

Phone800-731-2265

Debt

Debt-to-Equity Ratio0.87

Current Ratio0.83

Quick Ratio0.82

Price-To-Earnings

Trailing P/E Ratio11.42

Forward P/E Ratio11.52

P/E GrowthN/A

Sales & Book Value

Annual Sales$929.70 million

Price / Sales2.41

Cash Flow$1.55 per share

Price / Cash Flow8.76

Book Value$17.10 per share

Price / Book0.79

Profitability

EPS (Most Recent Fiscal Year)$1.45

Net Income$238.21 million

Net Margins22.00%

Return on Equity8.21%

Return on Assets1.14%

Miscellaneous

Employees2,709

Outstanding Shares165,110,000

Market Cap$2.24 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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Old National Bancorp (NASDAQ:ONB) Frequently Asked Questions

How has Old National Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Old National Bancorp's stock was trading at $13.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ONB shares have decreased by 1.9% and is now trading at $13.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Old National Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Old National Bancorp.

When is Old National Bancorp's next earnings date?

Old National Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Old National Bancorp.

How were Old National Bancorp's earnings last quarter?

Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings results on Monday, April, 20th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.02. The bank earned $199.40 million during the quarter, compared to analyst estimates of $194.70 million. Old National Bancorp had a return on equity of 8.21% and a net margin of 22.00%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. View Old National Bancorp's earnings history.

How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?

Old National Bancorp declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.14 per share on Monday, June 15th. This represents a $0.56 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, May 29th. View Old National Bancorp's dividend history.

What price target have analysts set for ONB?

2 brokers have issued 1 year target prices for Old National Bancorp's shares. Their forecasts range from $19.00 to $19.00. On average, they anticipate Old National Bancorp's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price. View analysts' price targets for Old National Bancorp.

Has Old National Bancorp been receiving favorable news coverage?

Media stories about ONB stock have trended extremely negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Old National Bancorp earned a news impact score of -4.0 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutOld National Bancorp.

Who are some of Old National Bancorp's key competitors?

Some companies that are related to Old National Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of Old National Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Old National Bancorp investors own include Western Refining (WNR), Energy Transfer LP Unit (ET), Bank of Nova Scotia (BNS), General Electric (GE), Ford Motor (F), Intel (INTC), KeyCorp (KEY), Altria Group (MO), QUALCOMM (QCOM) and Advanced Micro Devices (AMD).

Who are Old National Bancorp's key executives?

Old National Bancorp's management team includes the following people:

Mr. James C. Ryan III, Chief Exec. Officer (Age 47)
Mr. James A. Sandgren, Pres & COO (Age 52)
Mr. Todd C. Clark, Exec. VP and Chief Information & Strategic Innovation Officer (Age 49)
Mr. Jeffrey L. Knight, Exec. VP, Chief Legal Counsel Gov. Relations & Corp. Sec. (Age 59)
Mr. Brendon B. Falconer, CFO, Sr. VP & Treasurer

What is Old National Bancorp's stock symbol?

Old National Bancorp trades on the NASDAQ under the ticker symbol "ONB."

Who are Old National Bancorp's major shareholders?

Old National Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.58%), State Street Corp (4.18%), Bank of New York Mellon Corp (2.07%), Geode Capital Management LLC (1.51%), OLD National Bancorp IN (1.01%) and The Manufacturers Life Insurance Company (0.85%). Company insiders that own Old National Bancorp stock include Daniel S Hermann, Daryl D Moore, James C Ryan III and Katherine E White. View institutional ownership trends for Old National Bancorp.

Which major investors are selling Old National Bancorp stock?

ONB stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Bank of New York Mellon Corp, Foundry Partners LLC, Morgan Stanley, Morgan Stanley, Invesco Ltd., Donaldson Capital Management LLC, and Cetera Advisor Networks LLC. View insider buying and selling activity for Old National Bancorp.

Which major investors are buying Old National Bancorp stock?

ONB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Oxford Financial Group Ltd., Mount Yale Investment Advisors LLC, Gyroscope Capital Management Group LLC, State Street Corp, Geode Capital Management LLC, Column Capital Advisors LLC, and SG Americas Securities LLC. Company insiders that have bought Old National Bancorp stock in the last two years include Daniel S Hermann, and James C Ryan III. View insider buying and selling activity for Old National Bancorp.

How do I buy shares of Old National Bancorp?

Shares of ONB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Old National Bancorp's stock price today?

One share of ONB stock can currently be purchased for approximately $13.59.

How big of a company is Old National Bancorp?

Old National Bancorp has a market capitalization of $2.24 billion and generates $929.70 million in revenue each year. The bank earns $238.21 million in net income (profit) each year or $1.45 on an earnings per share basis. Old National Bancorp employs 2,709 workers across the globe.

What is Old National Bancorp's official website?

The official website for Old National Bancorp is www.oldnational.com.

How can I contact Old National Bancorp?

Old National Bancorp's mailing address is ONE MAIN ST, EVANSVILLE IN, 47708. The bank can be reached via phone at 800-731-2265 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff