Old National Bancorp (NASDAQ: ONB) is 15.69% higher on its value in year-to-date trading and has touched a low of $12.36 and a high of $18.83 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 $18.69 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $19.54, the stock is 15.42% and 15.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing 4.55% at the moment leaves the stock 21.37% off its SMA200. ONB registered 34.20% gain for a year compared to 6-month loss of 19.15%.
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The stock witnessed a 22.89% gain in the last 1 month and extending the period to 3 months gives it a 24.54%, and is 15.08% 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 3.05% over the week and 2.24% over the month.
Old National Bancorp (ONB) has around 3940 employees, a market worth around $6.23B and $2.65B in sales. Current P/E ratio is 10.57 and Fwd P/E is 9.65. Profit margin for the company is 20.39%. Distance from 52-week low is 58.09% and 3.77% from its 52-week high. The company has generated returns on investments over the last 12 months (5.15%).
with sales reaching $473.79M over the same period.The EPS is expected to shrink by -10.44% this year, but quarterly earnings will post 2.60% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.
Old National Bancorp (ONB) Top Institutional Holders
The shares outstanding are 318.97M, and float is at 315.88M with Short Float at 2.83%.
Old National Bancorp (ONB) Insider Activity
The most recent transaction is an insider sale by ALAHMAR CHADY M.,the company’sCEO, WEALTH MANAGEMENT. SEC filings show that ALAHMAR CHADY M. sold 17,165 shares of the company’s common stock on Jun 11 ’24 at a price of $15.90 per share for a total of $0.27 million. Following the sale, the insider now owns 50001.0 shares.
Old National Bancorp disclosed in a document filed with the SEC on Apr 25 ’24 that FALCONER BRENDON B (CHIEF FINANCIAL OFFICER) sold a total of 49,375 shares of the company’s common stock. The trade occurred on Apr 25 ’24 and was made at $16.28 per share for $0.8 million. Following the transaction, the insider now directly holds 88712.0 shares of the ONB stock.
Still, SEC filings show that on Aug 11 ’23, SCUDDER MICHAEL L (EXECUTIVE CHAIRMAN) disposed off 50,000 shares at an average price of $16.81 for $0.84 million. The insider now directly holds 215,796 shares of Old National Bancorp (ONB).
