Is Old National Stock a Good Investment?
Old National Investment Advice | ONB |
- Examine Old National's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Old National's leadership team and their track record. Good management can help Old National navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact Old National's business and its evolving consumer preferences.
- Compare Old National's performance and market position to its competitors. Analyze how Old National is positioned in terms of product offerings, innovation, and market share.
- Check if Old National pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Old National's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Old National Bancorp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Old National Bancorp is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Old National Stock
Researching Old National's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 84.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.14. 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 5th of September 2024. The firm had 105:100 split on the 3rd of January 2005.
To determine if Old National is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Old National's research are outlined below:
| Old National Bancorp has a poor financial position based on the latest SEC disclosures | |
| Over 84.0% of the company shares are owned by institutional investors | |
| On 16th of September 2024 Old National paid $ 0.14 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: Old National Bancorp 7 percent DP SH PF C goes ex dividend tomorrow |
Old National Quarterly Gross Profit |
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Old National uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Old National Bancorp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Old National's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 23rd of April 2024 Upcoming Quarterly Report | View | |
| 23rd of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 28th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Old National's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Old National's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2011-08-01 | 2011-06-30 | 0.16 | 0.18 | 0.02 | 12 | ||
2010-11-01 | 2010-09-30 | 0.11 | 0.13 | 0.02 | 18 | ||
2009-04-27 | 2009-03-31 | 0.06 | 0.08 | 0.02 | 33 | ||
2018-07-23 | 2018-06-30 | 0.26 | 0.29 | 0.03 | 11 | ||
2017-10-24 | 2017-09-30 | 0.26 | 0.29 | 0.03 | 11 | ||
2016-08-01 | 2016-06-30 | 0.23 | 0.2 | -0.03 | 13 | ||
2013-07-29 | 2013-06-30 | 0.25 | 0.28 | 0.03 | 12 | ||
2013-04-29 | 2013-03-31 | 0.27 | 0.24 | -0.03 | 11 |
Know Old National's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Old National is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Old National Bancorp backward and forwards among themselves. Old National's institutional investor refers to the entity that pools money to purchase Old National's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2024-06-30 | 3.7 M | Charles Schwab Investment Management Inc | 2024-06-30 | 3.6 M | Bank Of New York Mellon Corp | 2024-06-30 | 3.5 M | Bank Of America Corp | 2024-06-30 | 3.4 M | Silvercrest Asset Management Group Llc | 2024-06-30 | 3.2 M | Pzena Investment Management, Llc | 2024-06-30 | 3.1 M | Fisher Asset Management, Llc | 2024-06-30 | 3.1 M | Jpmorgan Chase & Co | 2024-06-30 | 3.1 M | Victory Capital Management Inc. | 2024-06-30 | 2.9 M | Blackrock Inc | 2024-06-30 | 38.9 M | Vanguard Group Inc | 2024-06-30 | 33.4 M |
Old National's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 7.15 B.Market Cap |
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Old National's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.10 | 0.11 |
Determining Old National's profitability involves analyzing its financial statements and using various financial metrics to determine if Old National is a good buy. For example, gross profit margin measures Old National's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Old National's profitability and make more informed investment decisions.
Please note, the presentation of Old National's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Old National's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Old National's management manipulating its earnings.
Evaluate Old National's management efficiency
Old National Bancorp has Return on Asset of 0.0101 % which means that on every $100 spent on assets, it made $0.0101 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0892 %, implying that it generated $0.0892 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.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 19.13 | 15.91 | |
| Tangible Book Value Per Share | 11.91 | 13.70 | |
| Enterprise Value Over EBITDA | 12.65 | 7.18 | |
| Price Book Value Ratio | 0.88 | 0.84 | |
| Enterprise Value Multiple | 12.65 | 7.18 | |
| Price Fair Value | 0.88 | 0.84 | |
| Enterprise Value | 1.9 B | 1.6 B |
Leadership effectiveness at Old National Bancorp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield 0.0256 | Forward Dividend Yield 0.0256 | Forward Dividend Rate 0.56 | Beta 0.807 |
Basic technical analysis of Old Stock
As of the 11th of November 2024, Old National holds the Risk Adjusted Performance of 0.1232, coefficient of variation of 654.6, and Semi Deviation of 1.14. 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.Old National's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Old National insiders, such as employees or executives, is commonly permitted as long as it does not rely on Old National's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Old National insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Old National's Outstanding Corporate Bonds
Old National issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Old National Bancorp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Old bonds can be classified according to their maturity, which is the date when Old National Bancorp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Old National's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Old National's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1232 | |||
| Market Risk Adjusted Performance | 0.1594 | |||
| Mean Deviation | 1.43 | |||
| Semi Deviation | 1.14 | |||
| Downside Deviation | 1.47 | |||
| Coefficient Of Variation | 654.6 | |||
| Standard Deviation | 2.46 | |||
| Variance | 6.06 | |||
| Information Ratio | 0.081 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.136 | |||
| Treynor Ratio | 0.1494 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.04 | |||
| Downside Variance | 2.15 | |||
| Semi Variance | 1.31 | |||
| Expected Short fall | (1.74) | |||
| Skewness | 3.72 | |||
| Kurtosis | 22.2 |
| Risk Adjusted Performance | 0.1232 | |||
| Market Risk Adjusted Performance | 0.1594 | |||
| Mean Deviation | 1.43 | |||
| Semi Deviation | 1.14 | |||
| Downside Deviation | 1.47 | |||
| Coefficient Of Variation | 654.6 | |||
| Standard Deviation | 2.46 | |||
| Variance | 6.06 | |||
| Information Ratio | 0.081 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.136 | |||
| Treynor Ratio | 0.1494 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.04 | |||
| Downside Variance | 2.15 | |||
| Semi Variance | 1.31 | |||
| Expected Short fall | (1.74) | |||
| Skewness | 3.72 | |||
| Kurtosis | 22.2 |
Consider Old National's intraday indicators
Old National intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Old National stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Old National Corporate Filings
8K | 6th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 31st of October 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
10Q | 30th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 29th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Old Stock media impact
Far too much social signal, news, headlines, and media speculation about Old National that are available to investors today. That information is available publicly through Old media outlets and privately through word of mouth or via Old internal channels. However, regardless of the origin, that massive amount of Old data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Old National news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Old National relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Old National's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Old National alpha.
Old National Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Old National can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Old National Bancorp Historical Investor Sentiment
Investor biases related to Old National's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old National Bancorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Old National's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Old National and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Old National news discussions. The higher the estimate score, the more favorable the investor's outlook on Old National.
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Regional Banks space 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 (0.10) | Dividend Share 0.56 | Earnings Share 1.65 | Revenue Per Share 5.767 | Quarterly Revenue Growth 0.046 |
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.
In summary, please note that there is a difference between Old National's value and its price, as these two are different measures arrived at by various 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.