(ONB) Old National Bancorp - Ratings and Ratios

Old National Bancorp (NASDAQ:ONB) is a bank holding company for Old National Bank, providing a comprehensive suite of consumer and commercial banking services across the United States. Established in 1834 and headquartered in Evansville, Indiana, the company operates with a focus on community banking, offering deposit accounts such as noninterest-bearing demand, interest-bearing checking, savings, money market, and time deposits. Its lending portfolio includes home equity lines of credit, residential real estate loans, consumer loans, and commercial loans, with a notable emphasis on agricultural lending and commercial real estate. Additionally, Old National Bancorp delivers a range of financial services, including wealth management, trust, investment advisory, brokerage, and foreign currency services, as well as treasury management and capital markets solutions for businesses. The bank also provides modern banking conveniences such as debit and ATM cards, online banking, and mobile banking platforms.

From a strategic perspective, Old National Bancorp has historically focused on maintaining a strong balance sheet and disciplined risk management. The company has demonstrated resilience through economic cycles, supported by its diversified revenue streams and a robust capital position. Its commitment to community development is evident through its lending and equity investment initiatives, which align with its mission of supporting economic growth in the regions it serves.

Ticker Symbol: ONB
Exchange: NASDAQ
Type: common stock
Country Origin: United States
GICS Sub Industry: Regional Banks

Looking ahead, Old National Bancorp is expected to maintain its stable operational performance. The companys focus on cost efficiency and strategic investments in digital banking platforms is likely to support long-term growth. Its strong capital ratios and prudent credit underwriting practices position it well to navigate potential economic uncertainties.

3-Month Forecast:
Based on current technical and fundamental trends, Old National Bancorp (ONB) is projected to trade within a range of $19.50 to $22.50 over the next three months. The stocks moving averages suggest a neutral to slightly bullish outlook, with the SMA 20 at 19.69 and SMA 50 at 21.21. The ATR of 0.93 indicates moderate volatility, while the SMA 200 at 20.43 provides a key support level. If the stock breaks above the SMA 50, it could test resistance at $22.50. Conversely, a breach of the SMA 200 could lead to a retest of $19.50. The stocks valuation metrics, including a forward P/E of 9.29 and P/B of 1.02, suggest it is reasonably valued relative to its peers, supporting a stable outlook.