Old National Bancorp (NASDAQ: ONB) is 29.07% higher on its value in year-to-date trading and has touched a low of $14.32 and a high of $22.75 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 $22.19 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $21.80, the stock is 8.37% and 13.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing -1.76% at the moment leaves the stock 22.94% off its SMA200. ONB registered 46.60% gain for a year compared to 6-month gain of 24.68%. The firm has a 50-day simple moving average (SMA 50) of $19.2258 and a 200-day simple moving average (SMA200) of $17.7321.
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The stock witnessed a 11.34% loss in the last 1 month and extending the period to 3 months gives it a 17.08%, and is 1.35% 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 2.69% over the week and 2.76% over the month.
Old National Bancorp (ONB) has around 3940 employees, a market worth around $6.95B and $2.89B in sales. Current P/E ratio is 13.22 and Fwd P/E is 11.06. Profit margin for the company is 17.37%. Distance from 52-week low is 52.23% and -4.18% from its 52-week high. The company has generated returns on investments over the last 12 months (4.37%).
The EPS is expected to shrink by -12.46% this year
444.0 institutions hold shares in Old National Bancorp (ONB), with institutional investors hold 85.14% of the company’s shares. The shares outstanding are 318.97M, and float is at 316.12M with Short Float at 2.99%. Institutions hold 84.45% 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
Still, SEC filings show that on Sep 13 ’24, RYAN C KITCHELL (DIRECTOR) Proposed Sale 20,000 shares at an average price of $18.75 for $0.38 million. The insider now directly holds shares of Old National Bancorp (ONB).
