How to Buy Old National Bancorp Stock
Old National Bancorp
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.
Old National Bancorp stock last closed at $15.78, up 1.61% from the previous day, and has increased 17.06% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.07 percentage points. Old National Bancorp stock is currently +35.33% from its 52-week low of $11.66, and -10.54% from its 52-week high of $17.64.
At the moment, there are 292.7M shares of ONB outstanding. The market cap of ONB is $4.62B. In the past 24 hours, 1.81M ONB shares were traded.
How to Buy Old National Bancorp Stock
Wondering how to invest in Old National Bancorp stock? Here's how.
- Choose where to buy Old National Bancorp stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Old National Bancorp stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your information.
- Analyze Old National Bancorp stock: The Old National Bancorp ticker symbol is ONB. Is Old National Bancorp stock a good investment? Should you buy shares of ONB? How do ONB's underlying business fundamentals look? Do top analysts think Old National Bancorp is a good buy? Why has ONB's stock price moved recently? (Hint: Our stock market analysis website can help you decide if ONB is a good stock to buy).
- Make your ONB buy order: Decide if you will purchase ONB shares at the current market price or use a limit order to purchase ONB stock at a specific price.
- Watch your ONB position: Create a watchlist to get live updates on your new investment in Old National Bancorp stock.
Step 1: Choose where to buy Old National Bancorp stock
You will need an online brokerage account in order to access the NASDAQ market and buy ONB shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to buy ONB stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Check out the tutorial below for more details depositing funds into your investment account.
Step 4: Analyze Old National Bancorp stock
Once you have identified the best place to buy Old National Bancorp stock, it's crucial to evaluate their stock prior to investing, so you can comprehend the risk and upside.
Old National Bancorp stock data
Fundamentals of ONB
WallStreetZen was created to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on ONB's stock page.
Is ONB stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ONB's fair value.
Using relative valuations measures:
- ONB may be undervalued based on its P/E ratio of 8.09x, relative to Banks - Regional industry P/E ratio of -10.84x
- ONB could be undervalued based on its P/B ratio of 0.83x, relative to Banks - Regional industry P/B ratio of 0.95x
- ONB could be overvalued based on its PEG ratio of 1.15x
You can do more valuation research on ONB's stock here.
ONB Financial Health Overview
Passed Health Checks:
- ONB earnings of $751.30M is not sufficient to cover its interest payments.
- ONB profit margin has gone up from 26.2% to 31.8% in the past year.
Failed Health Checks:
- Total ONB debt is higher than 5 years ago, relative to shareholder equity.
- ONB has a relatively high debt to equity ratio of 7.83.
- ONB's operating cash flow of $516.34M allows it to safely service it's debt of $5.33B.
Do analysts think it's a good time to buy ONB stock
Out of 7 Wall Street analysts who give recommendations on ONB, the consensus analyst rating on ONB is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent ONB Analyst Recommendations
Ben Gerlinger, a bottom 19% analyst from Citigroup initiates coverage on ONB with a strong buy rating and announces their ONB price target of $17.00, on Dec 1, 2023.
Scott Siefers, a top 21% analyst from Piper Sandler maintains ONB with a strong buy rating and lowers their ONB price target from $17.00 to $16.00, on Oct 27, 2023.
You can dive deeper into what analysts are forecasting on the Old National Bancorp stock forecast page.
ONB Momentum
ONB Performance Numbers
Last year, ONB earnings were $565.86M. Over the last five year, ONB's earnings have increased by 9.65% per year. This was slower than the Banks - Regional industry average of 16.37%.
Last year, ONB revenue was $1.78B. Over the last five year, ONB's revenue has grown by 19.62% per year. This was faster than the Banks - Regional industry average of 7.32%.
Learn more about ONB's earnings and revenue performance here.
Who is buying/selling ONB?
In the last year, insiders at ONB have sold more shares than they have bought.
Angela L. Putnam, Chief Accounting Officer of ONB, was the latest ONB insider to sell. They sold $24,508.80 worth of ONB stock on Apr 1, 2024.
Learn more about who owns ONB stock here.
Can I rely on ONB as an income stream?
Old National Bancorp pays a dividend of 3.55%, compared to the Banks - Regional industry's average dividend yield of 3.99%. If you owned $1,000 worth of ONB stock, you would have been paid $35.49 in the past year.
Old National Bancorp dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Old National Bancorp dividend yield and history here.
What do other traders have to say about ONB?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your ONB buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your ONB position
Now that you own some ONB shares, you'll want to stay up-to-date on your new shares.
Put ONB on a watchlist to get the latest updates about your ONB stock.
ONB Feed
How to Buy Stock in Old National Bancorp
To reiterate, here are the 6 steps for buying Old National Bancorp stock:
- Choose where to buy Old National Bancorp stock
- Create a brokerage account
- Put funds into your investment account
- Analyze Old National Bancorp stock
- Make your ONB buy order
- Watch your ONB position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Old National Bancorp, click below.
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