Old National Bancorp (NASDAQ: ONB) is -3.11% 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 $21.46 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $21.03, the stock is -1.47% and -7.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -2.00% at the moment leaves the stock 3.30% off its SMA200. ONB registered 24.66% gain for a year compared to 6-month gain of 13.86%. The firm has a 50-day simple moving average (SMA 50) of $22.7322 and a 200-day simple moving average (SMA200) of $20.359.
The stock witnessed a -10.05% loss in the last 1 month and extending the period to 3 months gives it a -4.06%, and is -0.80% 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 1.97% over the week and 2.83% over the month.
Old National Bancorp (ONB) has around 4066 employees, a market worth around $6.71B and $2.96B in sales. Current P/E ratio is 12.53 and Fwd P/E is 7.96. Profit margin for the company is 17.69%. Distance from 52-week low is 36.74% and -14.13% 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 11.56% this year.
Old National Bancorp (ONB) Top Institutional Holders
485.0 institutions hold shares in Old National Bancorp (ONB), with institutional investors hold 97.66% of the company’s shares. The shares outstanding are 318.98M, and float is at 315.86M with Short Float at 12.72%. Institutions hold 96.84% 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 12.3266% 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
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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).
