Old National Bancorp (NASDAQ: ONB) is 11.66% higher on its value in year-to-date trading and has touched a low of $12.36 and a high of $20.43 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 $18.62 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $18.86, the stock is -0.21% and 5.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 1.29% at the moment leaves the stock 13.05% off its SMA200. ONB registered 20.82% gain for a year compared to 6-month gain of 14.72%.
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The stock witnessed a -2.98% loss in the last 1 month and extending the period to 3 months gives it a 7.22%, and is 5.96% 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 2.08% over the week and 2.84% over the month.
Old National Bancorp (ONB) has around 3940 employees, a market worth around $6.02B and $2.77B in sales. Current P/E ratio is 11.09 and Fwd P/E is 9.38. Profit margin for the company is 18.25%. Distance from 52-week low is 52.59% and -7.68% from its 52-week high. The company has generated returns on investments over the last 12 months (4.43%).
The EPS is expected to shrink by -11.22% this year.
Old National Bancorp (ONB) Top Institutional Holders
424.0 institutions hold shares in Old National Bancorp (ONB), with institutional investors hold 82.64% of the company’s shares. The shares outstanding are 318.97M, and float is at 315.79M with Short Float at 3.00%. Institutions hold 81.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 36.08 million shares valued at $$628.22 million. The investor’s holdings represent 12.4007 of the ONB Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 30.93 million shares valued at $$538.43 million to account for 10.6285 of the shares outstanding. The other top investors are FULLER & THALER ASSET MANAGEMENT, INC. which holds 20.83 million shares representing 7.1574 and valued at over $$362.59 million, while DIMENSIONAL FUND ADVISORS LP holds 5.1357 of the shares totaling 14.94 million with a market value of $$260.17 million.
Old National Bancorp (ONB) Insider Activity
The most recent transaction is an insider sale by Stewart Derrick J,the company’sDirector. SEC filings show that Stewart Derrick J sold 14,679 shares of the company’s common stock on Jul 30 ’24 at a price of $20.02 per share for a total of $0.29 million. Following the sale, the insider now owns 0.0 shares.
Old National Bancorp disclosed in a document filed with the SEC on Jul 30 ’24 that Sander Mark G (PRESIDENT AND COO) sold a total of 103,297 shares of the company’s common stock. The trade occurred on Jul 30 ’24 and was made at $20.02 per share for $2.07 million. Following the transaction, the insider now directly holds 0.31 million shares of the ONB stock.
Still, SEC filings show that on Jul 30 ’24, DERRICK J STEWART (DIRECTOR) Proposed Sale 14,679 shares at an average price of $20.14 for $0.3 million. The insider now directly holds shares of Old National Bancorp (ONB).
