Old National Bancorp (NASDAQ: ONB) is -13.94% 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 $18.31 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $18.68, the stock is -8.13% and -14.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing 2.02% at the moment leaves the stock -8.95% off its SMA200. ONB registered 16.60% gain for a year compared to 6-month gain of 2.13%. The firm has a 50-day simple moving average (SMA 50) of $21.934 and a 200-day simple moving average (SMA200) of $20.51535.
The stock witnessed a -7.52% loss in the last 1 month and extending the period to 3 months gives it a -9.45%, and is 3.95% 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 10.36% over the week and 4.79% over the month.
Old National Bancorp (ONB) has around 4066 employees, a market worth around $5.96B and $2.96B in sales. Current P/E ratio is 11.13 and Fwd P/E is 7.15. Profit margin for the company is 17.69%. Distance from 52-week low is 21.46% and -23.72% 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 12.64% this year.
Old National Bancorp (ONB) Top Institutional Holders
485.0 institutions hold shares in Old National Bancorp (ONB), with institutional investors hold 97.37% of the company’s shares. The shares outstanding are 318.98M, and float is at 316.20M with Short Float at 13.04%. Institutions hold 96.59% 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).
