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How to buy Old National Bancorp stock | $16.56

Own Old National Bancorp stock in just a few minutes.

Fact checked

Old National Bancorp is a banks-regional business based in the US. Old National Bancorp shares (ONB) are listed on the NASDAQ and all prices are listed in US Dollars. Old National Bancorp employs 2,484 staff and has a trailing 12-month revenue of around USD$762 million.

How to buy shares in Old National Bancorp

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Old National Bancorp. Find the stock by name or ticker symbol: ONB. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Old National Bancorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$16.56, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Old National Bancorp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Old National Bancorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Old National Bancorp share price

Use our graph to track the performance of ONB stocks over time.

Old National Bancorp shares at a glance

Information last updated 2020-12-28.
Latest market closeUSD$16.56
52-week rangeUSD$10.8776 - USD$17.9003
50-day moving average USD$16.3524
200-day moving average USD$14.3752
Wall St. target priceUSD$17.08
PE ratio 13.9041
Dividend yield USD$0.56 (3.38%)
Earnings per share (TTM) USD$1.209

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Old National Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Old National Bancorp price performance over time

Historical closes compared with the close of $16.56 from 2020-12-31

1 week (2021-01-07) -7.54%
1 month (2020-12-17) 16.56
3 months (2020-10-16) 20.35%
6 months (2020-07-16) 21.94%
1 year (2020-01-16) -9.90%
2 years (2019-01-16) 1.47%
3 years (2018-01-16) 18.25
5 years (2016-01-15) 38.69%

Is Old National Bancorp under- or over-valued?

Valuing Old National Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Old National Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Old National Bancorp's P/E ratio

Old National Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Old National Bancorp shares trade at around 14x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Old National Bancorp's PEG ratio

Old National Bancorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.45. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Old National Bancorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Old National Bancorp financials

Revenue TTM USD$762 million
Operating margin TTM 38.38%
Gross profit TTM USD$796.1 million
Return on assets TTM 0.94%
Return on equity TTM 7%
Profit margin 26.44%
Book value $17.668
Market capitalisation USD$2.8 billion

TTM: trailing 12 months

Shorting Old National Bancorp shares

There are currently 3.9 million Old National Bancorp shares held short by investors – that's known as Old National Bancorp's "short interest". This figure is 10% up from 3.5 million last month.

There are a few different ways that this level of interest in shorting Old National Bancorp shares can be evaluated.

Old National Bancorp's "short interest ratio" (SIR)

Old National Bancorp's "short interest ratio" (SIR) is the quantity of Old National Bancorp shares currently shorted divided by the average quantity of Old National Bancorp shares traded daily (recently around 615377.74244833). Old National Bancorp's SIR currently stands at 6.29. In other words for every 100,000 Old National Bancorp shares traded daily on the market, roughly 6290 shares are currently held short.

However Old National Bancorp's short interest can also be evaluated against the total number of Old National Bancorp shares, or, against the total number of tradable Old National Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Old National Bancorp's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Old National Bancorp shares in existence, roughly 20 shares are currently held short) or 0.0308% of the tradable shares (for every 100,000 tradable Old National Bancorp shares, roughly 31 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Old National Bancorp.

Find out more about how you can short Old National Bancorp stock.

Old National Bancorp share dividends

41%

Dividend payout ratio: 41.18% of net profits

Recently Old National Bancorp has paid out, on average, around 41.18% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.38% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Old National Bancorp shareholders could enjoy a 3.38% return on their shares, in the form of dividend payments. In Old National Bancorp's case, that would currently equate to about $0.56 per share.

While Old National Bancorp's payout ratio might seem fairly standard, it's worth remembering that Old National Bancorp may be investing much of the rest of its net profits in future growth.

Old National Bancorp's most recent dividend payout was on 15 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 November 2020 (the "ex-dividend date").

Have Old National Bancorp's shares ever split?

Old National Bancorp's shares were split on a 105:100 basis on 3 January 2005. So if you had owned 100 shares the day before before the split, the next day you'd have owned 105 shares. This wouldn't directly have changed the overall worth of your Old National Bancorp shares – just the quantity. However, indirectly, the new 4.8% lower share price could have impacted the market appetite for Old National Bancorp shares which in turn could have impacted Old National Bancorp's share price.

Old National Bancorp share price volatility

Over the last 12 months, Old National Bancorp's shares have ranged in value from as little as $10.8776 up to $17.9003. A popular way to gauge a stock's volatility is its "beta".

ONB.US volatility(beta: 1.03)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Old National Bancorp's is 1.0273. This would suggest that Old National Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Old National Bancorp overview

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, NOW, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. It also provides debit and ATM cards, telephone access, and online banking, as well as other electronic and mobile banking services; cash management, private banking, brokerage, trust, and investment advisory services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2019, the company operated 192 banking centers located primarily in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

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