Analyst Ratings for Old National ONB last quarter range from bullish to bearish, as provided by 4 analysts.
The table below summarizes their recent ratings, offering a look at the evolution of sentiments over the last 30 days and comparing them to previous months.
| Bullish | A little bullish | Indifferent | A little bearish | Bearish | |
|---|---|---|---|---|---|
| Total ratings | 0 | 3 | 1 | 0 | 0 |
| Last 30 days | 0 | 1 | 0 | 0 | 0 |
| 1 million ago | 0 | 1 | 1 | 0 | 0 |
| 2 million ago | 0 | 1 | 0 | 0 | 0 |
| 3 million ago | 0 | 0 | 0 | 0 | 0 |
Providing more insight, analysts have set 12-month price targets, indicating an average target of $19.75, along with a high estimate of $21.00 and a low estimate of $18.00. A decline of 1.25% from the previous average price target of $20.00 is evident in the current average.
Analyst Ratings Analysis: A Detailed Analysis
Old National’s standing among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent ratings, and adjustments to ratings and price targets.
| Analyst | Analytics company | Action taken | Assessment | Current price target | Previous price target |
|---|---|---|---|---|---|
| Jared Shaw | Barclays | Raise | Overweight | $21.00 | $20.00 |
| Jon Arfstrom | RBC capital | Maintains | Performance Sector | $18.00 | – |
| Christopher McGratty | Keefe, Bruyette and Woods | Maintains | Far surpass | $20.00 | – |
| Jared Shaw | Barclays | Announce | Overweight | $20.00 | – |
Key Insights:
- Action taken: Analysts respond to changes in market conditions and company performance by frequently updating their recommendations. Whether they “maintain”, “raise” or “lower” their position reflects their reaction to recent developments related to Old National. This information offers a snapshot of how analysts perceive the current state of the company.
- Assessment: Analysts reveal qualitative ratings for the shares, ranging from “Outperform” to “Underperform”. These ratings offer insight into expectations for Old National’s relative performance relative to the broader market.
- Price targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Old National stock. This examination reveals changes in analyst expectations over time.
Navigating these analyst ratings along with other financial indicators can contribute to a holistic understanding of Old National’s market position. Stay informed and make data-driven decisions with our ratings table.
Stay updated on the ratings of Old National analysts.
About the Old National
Old National Bancorp with nearly $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company based in Indiana. Headquartered in Evansville, Indiana, Old National has numerous financial services operations in Indiana, Illinois and Kentucky. The company provides a group of similar community banking services, including products and services such as commercial, real estate and consumer loans; deposits; and brokerage, trust and investment advisory services.
A deep dive into Old National’s financials
Market capitalization analysis: Reflecting a smaller scale, the company’s market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative revenue trend: Examining Old National’s financials over 3 months reveals challenges. As of December 31, 2023, the company recorded a decline of approximately -16.48% in revenue growth, reflecting a decline in top-line earnings. Compared to competitors, the company has struggled, with a growth rate below the average of its financial industry peers.
Net margin: Old National’s financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a significant net margin of 27.65%, the company has strong profitability and effective cost management.
Return on equity (ROE): Old National’s financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a notable ROE of 2.48%, the company demonstrates efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company’s ROA is exceptional and exceeds industry averages. With an impressive ROA of 0.26%, the company demonstrates effective use of resources.
Debt Management: Old National’s debt-to-equity ratio is significantly higher than the industry average 0.95. This indicates a greater reliance on borrowed funds, raising concerns about leverage.
How are analyst ratings determined?
Experts in banking and financial systems, analysts specialize in reporting for specific securities or defined sectors. Their comprehensive research involves attending conference calls and company meetings, analyzing financial statements and engaging insiders to generate what are known as analyst ratings for stocks. Typically, analysts evaluate and rate each stock once a quarter.
In addition to their ratings, some analysts extend their insights by offering forecasts for key metrics such as earnings, revenue and growth estimates. This additional information provides further guidance for traders. It is critical to recognize that despite their specialization, analysts are human and can only provide predictions based on their beliefs.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.