Old National Bancorp (NASDAQ: ONB) is -0.30% lower on its value in year-to-date trading and has touched a low of $15.38 and a high of $24.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ONB stock was last observed hovering at around $22.15 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $21.64, the stock is -8.12% and -5.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing -2.30% at the moment leaves the stock 8.11% off its SMA200. ONB registered 34.16% gain for a year compared to 6-month gain of 10.75%.
The stock witnessed a -9.27% loss in the last 1 month and extending the period to 3 months gives it a -5.87%, and is -7.44% 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 3.23% over the week and 2.41% over the month.
Old National Bancorp (ONB) has around 4066 employees, a market worth around $6.90B and $2.96B in sales. Current P/E ratio is 12.89 and Fwd P/E is 8.19. Profit margin for the company is 17.69%. Distance from 52-week low is 40.70% and -11.64% from its 52-week high. The company has generated returns on investments over the last 12 months (4.84%).
The EPS is expected to grow by 11.45% this year
The shares outstanding are 318.98M, and float is at 316.11M with Short Float at 12.21%.
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 6.5634 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 Oct 02 ’24, Brendon B. Falconer (Former SEVP, Chief Financial O) Proposed Sale 32,452 shares at an average price of $17.97 for $0.58 million. The insider now directly holds shares of Old National Bancorp (ONB).
