Jeffrey Knight - Old National Chief Officer

ONBPO Preferred Stock  USD 25.11  0.14  0.55%   

Insider

Jeffrey Knight is Chief Officer of Old National Bancorp
Age 63
Phone800 731 2265
Webhttps://www.oldnational.com

Old National Management Efficiency

The company has return on total asset (ROA) of 0.012 % which means that it generated a profit of $0.012 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1052 %, meaning that it generated $0.1052 on every $100 dollars invested by stockholders. Old National's management efficiency ratios could be used to measure how well Old National manages its routine affairs as well as how well it operates its assets and liabilities.
Old National Bancorp has accumulated 4.57 B in total debt. Debt can assist Old National until it has trouble settling it off, either with new capital or with free cash flow. So, Old National's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Old National Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Old to invest in growth at high rates of return. When we think about Old National's use of debt, we should always consider it together with cash and equity.

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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 was founded in 1834 and is headquartered in Evansville, Indiana. Old National operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 4008 people. Old National Bancorp (ONBPO) is traded on NASDAQ Exchange in USA. It is located in One Main Street, Evansville, IN, United States, 47708 and employs 3,967 people. Old National is listed under Banking category by Fama And French industry classification.

Management Performance

Old National Bancorp Leadership Team

Elected by the shareholders, the Old National's board of directors comprises two types of representatives: Old National inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Old. The board's role is to monitor Old National's management team and ensure that shareholders' interests are well served. Old National's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Old National's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kendra Vanzo, Chief Officer
James III, CEO Director
James Sandgren, Chief Banking
Michael Woods, Principal VP
Paul Kilroy, Chief Officer
Jeffrey Knight, Chief Officer
Mark Sander, Pres COO
Brendon Falconer, Chief Officer
Michael Scudder, Ex Chairman
Jeff Newcom, Chief Officer

Old Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Old National a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Old National

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Old National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Old National will appreciate offsetting losses from the drop in the long position's value.

Moving against Old Preferred Stock

  0.38WF Woori Financial GroupPairCorr
The ability to find closely correlated positions to Old National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Old National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Old National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Old National Bancorp to buy it.
The correlation of Old National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Old National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Old National Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Old National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Old Preferred Stock

Old National financial ratios help investors to determine whether Old Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Old with respect to the benefits of owning Old National security.