7 analysts have shared their evaluations of Old National ONB during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $26.43, a high estimate of $28.00, and a low estimate of $24.00. This upward trend is evident, with the current average reflecting a 11.66% increase from the previous average price target of $23.67.
Interpreting Analyst Ratings: A Closer Look
The standing of Old National among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jared Shaw | Barclays | Raises | Overweight | $27.00 | $26.00 |
| David Long | Raymond James | Announces | Strong Buy | $28.00 | - |
| Jon Arfstrom | RBC Capital | Raises | Sector Perform | $25.00 | $24.00 |
| Christopher Mcgratty | Keefe, Bruyette & Woods | Raises | Outperform | $28.00 | $23.00 |
| Jared Shaw | Barclays | Raises | Overweight | $26.00 | $24.00 |
| Scott Siefers | Piper Sandler | Raises | Overweight | $27.00 | $23.00 |
| Jared Shaw | Barclays | Raises | Overweight | $24.00 | $22.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Old National. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Old National compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Old National's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Old National's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Old National analyst ratings.
About Old National
Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.
Key Indicators: Old National's Financial Health
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Old National's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 6.54%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Old National's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 28.77%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Old National's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.33%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Old National's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.26%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 0.83, Old National faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: Simplified
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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