NASDAQ:ONBOld National Bancorp Stock Price, Forecast & News

$12.39

-0.47 (-3.65 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$12.05

Now: $12.39▼

$12.83

50-Day Range

$12.16

MA: $15.49▼

$18.41

52-Week Range

$11.92

Now: $12.39▼

$18.74

Volume958,000 shs

Average Volume1.33 million shs

Market Capitalization$2.09 billion

P/E Ratio8.98

Dividend Yield4.35%

Beta1.05

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^™

3.0 Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, 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 53.3% from its current price of $12.39.
Amount of Analyst Coverage
Old National Bancorp has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Old National Bancorp has received 351 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Old National Bancorp has received 496 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Old National Bancorp has received 58.56% “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 4.35%, 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 42.42 % next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Old National Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.61% of the stock of Old National Bancorp is held by insiders.
Percentage Held by Institutions
70.30% 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.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Old National Bancorp are expected to grow by 2.33% in the coming year, from $1.29 to $1.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 8.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 8.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.65.
Price to Book Value per Share Ratio
Old National Bancorp has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.39 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

Webhttp://www.oldnational.com/

Phone800-731-2265

Debt

Debt-to-Equity Ratio0.76

Current Ratio0.81

Quick Ratio0.81

Price-To-Earnings

Trailing P/E Ratio8.98

Forward P/E Ratio9.60

P/E GrowthN/A

Sales & Book Value

Annual Sales$929.70 million

Price / Sales2.25

Cash Flow$1.58 per share

Price / Cash Flow7.82

Book Value$16.78 per share

Price / Book0.74

Profitability

EPS (Most Recent Fiscal Year)$1.45

Net Income$238.21 million

Net Margins25.62%

Return on Equity8.80%

Return on Assets1.22%

Miscellaneous

Employees2,709

Outstanding Shares169,010,000

Market Cap$2.09 billion

Next Earnings Date4/27/2020 (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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ONB shares have decreased by 10.5% and is now trading at $12.39. View which stocks have been mosted 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 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." 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, April 27th 2020. View our earnings forecast for Old National Bancorp.

How were Old National Bancorp's earnings last quarter?

Old National Bancorp (NASDAQ:ONB) posted its quarterly earnings results on Tuesday, January, 21st. The bank reported $0.29 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.35 by $0.06. The bank had revenue of $196.63 million for the quarter, compared to analysts' expectations of $196.10 million. Old National Bancorp had a net margin of 25.62% and a return on equity of 8.80%. During the same period in the prior year, the firm posted $0.32 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 announced a quarterly dividend on Wednesday, January 22nd. Investors of record on Monday, March 2nd will be paid a dividend of $0.14 per share on Monday, March 16th. This represents a $0.56 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Old National Bancorp's previous quarterly dividend of $0.13. View Old National Bancorp's dividend history.

What price target have analysts set for ONB?

2 brokers have issued 1 year price objectives for Old National Bancorp's stock. 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 53.3% from the stock's current price. View analysts' price targets for Old National Bancorp.

Has Old National Bancorp been receiving favorable news coverage?

News articles about ONB stock have been trending very negative on Friday, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Old National Bancorp earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutOld National Bancorp.

Are investors shorting Old National Bancorp?

Old National Bancorp saw a drop in short interest in March. As of March 13th, there was short interest totaling 7,467,400 shares, a drop of 6.3% from the February 27th total of 7,970,000 shares. Based on an average daily volume of 1,720,500 shares, the short-interest ratio is currently 4.3 days. Currently, 4.5% of the company's stock are sold short. View Old National Bancorp's Current Options Chain.

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), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and First Financial Bankshares (FFIN).

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), Intel (INTC), QUALCOMM (QCOM), Ford Motor (F), KeyCorp (KEY), Altria Group (MO) 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."

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 $12.39.

How big of a company is Old National Bancorp?

Old National Bancorp has a market capitalization of $2.09 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. View additional information about Old National Bancorp.

What is Old National Bancorp's official website?

The official website for Old National Bancorp is http://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 4/3/2020 by MarketBeat.com Staff

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NASDAQ:ONBOld National Bancorp Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.0 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.1 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment