Key Focus for Old National Bancorp Investors

By Ken Smith • Thursday, July 16 16:00 • Permanent Link

With gains of 3.4%, Old National Bancorp was one of the winners on Wall Street today. Its shares are now trading at $27.28 and have logged a -1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Old National Bancorp has moved 15.1% over the last year, and the S&P 500 logged a change of 20.2%
ONB has an average analyst rating of buy and is -4.43% away from its mean target price of $28.55 per share
Its trailing earnings per share (EPS) is $1.94
Old National Bancorp has a trailing 12 month Price to Earnings (P/E) ratio of 14.1 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $2.88 and its forward P/E ratio is 9.5
The company has a Price to Book (P/B) ratio of 1.27 in contrast to the S&P 500's average ratio of 4.74
Old National Bancorp is part of the Finance sector, which has an average P/E ratio of 15.92 and an average P/B of 1.78
ONB has reported YOY quarterly earnings growth of 34.1% and gross profit margins of 0.0%
Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. In addition, it offers debit and automated teller machine cards, telephone access and online banking, and other electronic and mobile banking services. Further, the company offers private banking, wealth management, trust, investment advisory, brokerage, and foreign currency services; treasury management, merchant, and capital markets services for businesses; and community development lending and equity investment solutions. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.