Old National Bancorp (NASDAQ: ONB) is 2.96% higher on its value in year-to-date trading and has touched a low of $11.80 and a high of $17.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ONB stock was last observed hovering at around $17.26 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $17.39, the stock is 6.04% and 5.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 0.75% at the moment leaves the stock 9.77% off its SMA200. ONB registered 39.79% gain for a year compared to 6-month gain of 20.43%.
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The stock witnessed a 3.08% loss in the last 1 month and extending the period to 3 months gives it a 9.72%, and is 3.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.10% over the week and 2.57% over the month.
Old National Bancorp (ONB) has around 3940 employees, a market worth around $5.55B and $2.65B in sales. Current P/E ratio is 9.40 and Fwd P/E is 8.49. Profit margin for the company is 20.39%. Distance from 52-week low is 47.37% and -1.42% from its 52-week high. The company has generated returns on investments over the last 12 months (5.15%).
The EPS is expected to shrink by -10.39% this year
The shares outstanding are 318.97M, and float is at 315.63M with Short Float at 3.04%.
Old National Bancorp (ONB) Insider Activity
The most recent transaction is an insider sale by FALCONER BRENDON B, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that FALCONER BRENDON B sold 49,375 shares of the company’s common stock on Apr 25 ’24 at a price of $16.28 per share for a total of $0.8 million. Following the sale, the insider now owns 88712.0 shares.
Old National Bancorp disclosed in a document filed with the SEC on Aug 11 ’23 that SCUDDER MICHAEL L (EXECUTIVE CHAIRMAN) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 11 ’23 and was made at $16.81 per share for $0.84 million. Following the transaction, the insider now directly holds 0.22 million shares of the ONB stock.
