Old National Bancorp

Company Profile

Old National Bancorp had its IPO on 1990-03-26 under the ticker symbol ONB.

The company operates in the Financial Services sector and Banks-Regional industry. Old National Bancorp has a staff strength of 4,021 employees.

Stock update

Shares of Old National Bancorp opened at $15.04 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $14.97 - $15.31, and closed at $15.19.

This is a +1.2% increase from the previous day's closing price.

A total volume of 1,266,928 shares were traded at the close of the day’s session.

In the last one week, shares of Old National Bancorp have slipped by -3.8%.

Old National Bancorp's Key Ratios

Old National Bancorp has a market cap of $4.42 billion, indicating a price to book ratio of 1.1186 and a price to sales ratio of 4.0433.

In the last 12-months Old National Bancorp’s revenue was $1.86 billion with a gross profit of $1.57 billion and an EBITDA of $0. The EBITDA ratio measures Old National Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Old National Bancorp’s operating margin was 47.82% while its return on assets stood at 1.36% with a return of equity of 12.39%.

In Q2, Old National Bancorp’s quarterly earnings growth was a positive 36.8% while revenue growth was a positive 7.3%.

Old National Bancorp’s PE and PEG Ratio

Forward PE

7.7399

Trailing PE

6.8636

PEG

2.45

Its diluted EPS in the last 12-months stands at $2.2 per share while it has a forward price to earnings multiple of 7.7399 and a PEG multiple of 2.45. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Old National Bancorp’s profitability.

Old National Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.0433.

Old National Bancorp stock pays annual dividends of $0.56 per share, indicating a yield of 3.71% and a payout ratio of 26.05%.

Balance sheet and cash flow metrics

Total Assets

$48.50 billion

Total Liabilities

$37.10 billion

Operating Cash Flow

$-651056000.00

Capital Expenditure

$6.95 million

Dividend Payout Ratio

26.05%

Old National Bancorp ended 2024 with $48.50 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $48.50 billion while shareholder equity stood at $5.29 billion.

Old National Bancorp ended 2024 with $0 in deferred long-term liabilities, $37.10 billion in other current liabilities, 6100728000.00 in common stock, $1.43 billion in retained earnings and $2.00 billion in goodwill. Its cash balance stood at $1.20 billion and cash and short-term investments were $1.20 billion. The company’s total short-term debt was $0 while long-term debt stood at $5.59 billion.

Old National Bancorp’s total current assets stands at $1.20 billion while long-term investments were $10.04 billion and short-term investments were $6.50 billion. Its net receivables were $381.90 million compared to accounts payable of $733.16 million and inventory worth $0.

In 2024, Old National Bancorp's operating cash flow was $-651056000.00 while its capital expenditure stood at $6.95 million.

Comparatively, Old National Bancorp paid $0.26 in dividends in 2024.

Other key metrics

Current Trading Price

$15.19

52-Week High

$19.4852

52-Week Low

$11.4279

Analyst Target Price

$18.43

Old National Bancorp stock is currently trading at $15.19 per share. It touched a 52-week high of $19.4852 and a 52-week low of $19.4852. Analysts tracking the stock have a 12-month average target price of $18.43.

Its 50-day moving average was $15.55 and 200-day moving average was $15.34 The short ratio stood at 4.84 indicating a short percent outstanding of 0%.

Around 102.4% of the company’s stock are held by insiders while 8063% are held by institutions.