ONB

Analyst Ratings Overview: Old National Bancorp has received mixed analyst ratings over the past three months, with recent evaluations showing a shift in sentiment from bullish to bearish, and an average 12-month price target of $26.00, down from $27.80.

Financial Performance Insights: The company exhibits strong profitability with a net margin of 30.58%, but struggles with low return on equity (2.45%) and return on assets (0.28%), alongside a higher-than-average debt-to-equity ratio of 0.84, indicating reliance on borrowed funds.

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Name Change Announcement: Old National Bancorp's wealth advisory division, previously known as Old National Investments, will now be called Old National Wealth Advisors (ONWA) to better represent its comprehensive financial services beyond just investment advice.

Service Offerings: ONWA provides a range of services including investment strategies, estate planning, retirement planning, and tax strategies, supported by a team of over 125 professionals, primarily located in the Midwest and Southeast.

Analyst Ratings Overview: Old National Bancorp has received mixed ratings from analysts, with recent evaluations showing a shift towards bullish sentiments and an average 12-month price target of $27.25, reflecting a slight increase from previous targets.

Financial Performance Insights: The company demonstrates strong profitability with a net margin of 30.58%, but faces challenges in return on equity and assets, alongside a higher debt-to-equity ratio compared to industry averages, indicating potential financial risks.

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Earnings Reports Overview: Several companies, including Northern Trust Corporation and Old National Bancorp, are set to report their earnings for the quarter ending March 31, 2025, with varying forecasts and year-over-year performance changes.

Performance Highlights: Notable increases in earnings per share are expected from Northern Trust Corporation (8.82%) and Dime Community Bancshares, Inc. (44.74%), while declines are anticipated for Old National Bancorp (-6.67%) and Danaher Corporation (-15.63%).

Old National Bancorp Analysis: Old National Bancorp (ONB) has received a 69% rating from Validea's Growth Investor model, which focuses on growth stocks with strong earnings and sales growth, reasonable valuations, and low debt. A score of 80% or above indicates interest in the stock.

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Earnings Report: Old National Bancorp reported a profit of $140.62 million for the first quarter, an increase from $116.25 million in the same period last year, exceeding analysts' expectations of $0.43 per share with earnings of $0.44 per share.

Revenue Growth: The company's revenue rose by 8.8% to $387.64 million compared to $356.45 million last year, indicating strong financial performance.

Stock Performance Overview: ONB's stock has a 52-week low of $15.38 and a high of $24.49, with the last trade recorded at $19.45.

Author's Perspective Disclaimer: The views expressed in the article are solely those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.

Dividend Predictability: Dividend amounts are generally unpredictable and fluctuate based on a company's profitability, as illustrated by Old National Bancorp's historical dividend chart.

Investment Insight: The article suggests evaluating the recent dividend of Old National Bancorp to determine if a 3% annual yield is a reasonable expectation.

Earnings Release: OLD NATIONAL BAN ($ONB) is set to release its quarterly earnings on April 22nd, with analysts predicting revenue of approximately $483 million and earnings per share of $0.43.

Analyst Ratings and Institutional Activity: Recent reports show that 2 firms have issued buy ratings for $ONB, while 186 institutional investors increased their holdings in the stock, indicating positive sentiment towards the company.

IWN Share Price Analysis: IWN's share price is currently at $138.52, with a 52-week low of $129.38 and a high of $183.5052, indicating potential trading opportunities based on its movement relative to the 200-day moving average.

ETFs Trading Dynamics: Exchange traded funds (ETFs) operate like stocks, allowing for the buying and selling of units, which can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.

Analyst Rating and Price Target: RBC Capital analyst Jon Arfstrom has maintained a Hold rating on Old National Bancorp (ONB) with a price target of $26.00, while the current analyst consensus is a Strong Buy with an average price target of $28.00.

Company Performance: Old National Bancorp reported a quarterly revenue of $489.95 million and a net profit of $153.87 million for the quarter ending December 31, showing growth compared to last year's revenue of $445.71 million and net profit of $132.48 million.

ETF Analysis: The First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) has an implied analyst target price of $136.02 per unit, indicating a potential upside of 24.02% from its current trading price of $109.67.

Individual Holdings Performance: Notable underlying holdings such as Academy Sports & Outdoors Inc, Old National Bancorp, and Applied Industrial Technologies show significant upside potential based on analysts' target prices, raising questions about the validity of these targets amidst market developments.

Upcoming Presentations: Jim Ryan, CEO of Old National Bancorp, will present at the Raymond James & Associates 46th Annual Institutional Investors Conference on March 3, 2025, and at the RBC Capital Markets Global Financial Institutions Conference on March 4, 2025. Live audio webcasts will be available for investors.

Company Overview: Old National Bancorp, a leading Midwest commercial bank with approximately $54 billion in assets, focuses on building long-term client partnerships and community support, earning recognition as one of "The Civic 50" for its community-minded initiatives.

Funding Announcement: United Theranostics has secured a $15 million senior debt facility from Old National Bank to expand its network of clinics offering radiopharmaceutical therapies and clinical trials across the U.S.

Growth Plans: The company aims to establish up to eight new centers within the next year, enhancing access to advanced cancer treatments in community settings.

Dividend Announcement: Old National Bancorp's preferred stock ONBPP recently declared a dividend of $0.4375, with the stock currently showing a slight increase of 0.2% in trading.

Market Performance: In contrast, the common shares of Old National Bancorp (ONB) are down approximately 1.8% on the same day.

Stock Performance Overview: IWN's share price is currently at $168.34, with a 52-week low of $144.75 and a high of $183.5052, indicating fluctuations in its value over the year.

ETFs Trading Dynamics: Exchange traded funds (ETFs) operate like stocks but involve trading "units" that can be created or destroyed based on investor demand, affecting the underlying holdings significantly.

Analyst Ratings Overview: Recent evaluations of Old National Bancorp (ONB) by 9 analysts show a mix of bullish and bearish sentiments, with an average price target increase to $27.0, reflecting a positive shift in market expectations over the past month.

Financial Performance Insights: Despite achieving a revenue growth rate of 6.54%, Old National faces challenges with lower net margins, return on equity, and return on assets compared to industry averages, indicating potential difficulties in profitability and financial management.

Financial Performance Overview: Old National Bancorp reported strong financial results for the fourth quarter and full year 2024, with significant growth in core deposits and loans, achieving a GAAP earnings per share of $1.68 and an adjusted return on average tangible common equity of 16.9%. The company also successfully navigated challenges while maintaining a focus on growth strategies and disciplined expense management.

Leadership Changes and Future Outlook: Mark Sander, President and COO, will retire in June, with plans to find a successor, while Dan Herman has been appointed as the lead independent director. The company anticipates continued success in loan growth and deposit strategy for 2025, supported by recent partnerships and a strong capital position.