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Piper Sandler analysts issued a report on Old National Bancorp, (NASDAQ: ONB) stocks this Thursday 19th January, 2021. The firm increased the earnings estimate of the major bank holding company. Piper Sandler analysts currently expect Old National Bancorp to post Q1 2021 earnings of $0.41. This is up from their last estimate of $0.32 for the ongoing quarter.

On the report issued by the firm, the Q3 2022 earnings estimate stands at $0.36 per share. They have also issued the rating of “Neutral” on ONB Stocks. The current price target issued by analysts at Piper Sandler is $14.00. The 4th Quarter of 2022 is expected to portray $0.36 per share as earnings, the report suggests.

ONB Stock Detailed Analysis

Old National Bancorp Inc. stocks traded at $17.72 this Friday. The company’ current market capitalization stands at $2.93 billion. It has a positive PE ratio of 14.64 along with a beta of 1.02 at the moment. The 12-monthly high to low ranges from $18.50 to $11.19. The 50SMA (50 Days Simple Moving Average) stands at $16.93 and its 200SMA stands at $14.88.

The quarterly earnings report for the previous quarter was released on the 18th of January. The earnings stood at $0.44 EPS as opposed to the general consensus of $0.38 proposed by analysts at Thomson Reuters. The company’s return on equity stands at 7.99% along with the net margin of 22.51%.

During the corresponding quarter previous year, the company (NASDAQ: ONB) posted an EPS of $0.32.

NASDAQ: ONB has recently been the subject of a lot of reports by research analysts. Some such as Zacks Investment Research, TheStreet, Stephens and so on have posted reports on this company over the last few months.

The recent consensus on this company’s stocks stands at “Hold” rating with $16.00 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: ONB shares recently.