Old National Bancorp (NASDAQ: ONB) is 9.30% 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 $18.54 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $18.46, the stock is -2.37% and -2.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.43% at the moment leaves the stock 6.91% off its SMA200. ONB registered 28.82% gain for a year compared to 6-month gain of 6.03%. The firm has a 50-day simple moving average (SMA 50) of $18.9358 and a 200-day simple moving average (SMA200) of $17.27945.
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The stock witnessed a -5.67% loss in the last 1 month and extending the period to 3 months gives it a 7.39%, and is -3.05% down 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 1.96% over the week and 2.30% over the month.
Old National Bancorp (ONB) has around 3940 employees, a market worth around $5.89B and $2.77B in sales. Current P/E ratio is 10.85 and Fwd P/E is 9.19. Profit margin for the company is 18.25%. Distance from 52-week low is 49.35% and -9.64% from its 52-week high. The company has generated returns on investments over the last 12 months (4.43%).
with sales reaching $481.98M over the same period.The EPS is expected to shrink by -11.27% this year, but quarterly earnings will post 3.00% year-over-year.
Old National Bancorp (ONB) Top Institutional Holders
427.0 institutions hold shares in Old National Bancorp (ONB), with institutional investors hold 82.72% of the company’s shares. The shares outstanding are 318.97M, and float is at 316.10M with Short Float at 2.95%. Institutions hold 82.05% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 38.9 million shares valued at $668.71 million. The investor’s holdings represent 13.3689% of the ONB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 33.41 million shares valued at $574.37 million to account for 11.4829 of the shares outstanding. The other top investors are FULLER & THALER ASSET MANAGEMENT, INC. which holds 20.71 million shares representing 7.1184% and valued at over $356.06 million, while DIMENSIONAL FUND ADVISORS LP holds 5.7875 of the shares totaling 16.84 million with a market value of $289.48 million.
Old National Bancorp (ONB) Insider Activity
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Old National Bancorp disclosed in a document filed with the SEC on Jul 30 ’24 that Stewart Derrick J (Director) sold a total of 14,679 shares of the company’s common stock. The trade occurred on Jul 30 ’24 and was made at $20.02 per share for $0.29 million. Following the transaction, the insider now directly holds 0.0 shares of the ONB stock.
Still, SEC filings show that on Jul 30 ’24, Sander Mark G (PRESIDENT AND COO) disposed off 103,297 shares at an average price of $20.02 for $2.07 million. The insider now directly holds 308,076 shares of Old National Bancorp (ONB).
