Is Wall Street High Or Low On Old National Bancorp (ONB)?

0
46
SNOW Stock
SNOW Stock

Old National Bancorp (NASDAQ:ONB) finished Wednesday with an addition of $0.01 to close at $17.83, an upside of 0.06 percent. An average of 1,282,260 shares of common stock have been traded in the last five days. There was a gain of $0.48 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,658,385 shares traded, while the 50-day average volume stands at 1,741,828.

ONB stock has decreased by -4.65% in the last month. The company shares reached their 1-month lowest point of $16.89 on 12/19/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $14.22 and a high of $20.81 in 52 weeks. It has reached a new high 9 times so far this year and lost -1.60% or -$0.29 in price. In spite of this, the price is down -14.32% from the 52-week high.


Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored


Valuation Metrics

Old National Bancorp (ONB) has a trailing price-to-earnings (P/E) ratio of 16.93. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.48, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 9.22.

The company has a payout ratio of 52.90%. The company’s most recent quarterly dividend payment was $0.14 a share, without any change from last year. Its latest increase dividend $0.01 reported on Wednesday January 22 2020.

Financial Health

Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.31 for the quarter ending September 29. Its gross profit as reported stood at $596.4 million compared to revenue of $638.65 million.

Earnings Surprise

The analyst consensus anticipated Old National Bancorp’s latest quarter earnings to come in at $0.5 per share, but it turned out to be $0.51, a 2.00% surprise. At the end of the quarter ending September 29, Old National Bancorp’s stock balance sheet showed total debt was $4.87 billion. Shareholders own equity worth $292.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Old National Bancorp (ONB) price momentum. RSI 9-day as of the close on 28 December was 50.18%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.93%.

As of today, ONB’s price is $17.76 +2.77% or $0.48 from its 5-day moving average. ONB is currently trading -4.96% lower than its 20-day SMA and +3.24% higher than its 100-day SMA. However, the stock’s current price level is -3.41% below the SMA50 and +1.94% above the SMA200.

The stochastic %K and %D were 63.45% and 58.69%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 64.83% and the average true range at 0.39, the RSI (14) stands at 46.63%. The stock has reached 0.30 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.

Analyst Ratings

Stephens upgraded Old National Bancorp (NASDAQ: ONB) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Old National Bancorp (ONB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ONB, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is ONB’s price target for the next 12 months?

Analysts predict a range of price targets between $21.00 and $24.00, with a median target of $22.50. Taking a look at these predictions, the average price target given by analysts for Old National Bancorp (ONB) stock is $22.33.

LEAVE A REPLY

Please enter your comment!
Please enter your name here