Old National Bancorp (NASDAQ: ONB) is -5.28% lower on its value in year-to-date trading and has touched a low of $15.60 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 $19.93 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $20.56, the stock is 4.25% and -3.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.79 million and changing 3.16% at the moment leaves the stock -0.23% off its SMA200. ONB registered 26.99% gain for a year compared to 6-month gain of 5.33%. The firm has a 50-day simple moving average (SMA 50) of $21.3846 and a 200-day simple moving average (SMA200) of $20.58965.
The stock witnessed a -4.42% loss in the last 1 month and extending the period to 3 months gives it a -12.29%, and is 5.54% 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 3.73% over the week and 5.34% over the month.
Old National Bancorp (ONB) has around 4066 employees, a market worth around $6.36B and $2.96B in sales. Current P/E ratio is 12.25 and Fwd P/E is 7.85. Profit margin for the company is 17.69%. Distance from 52-week low is 31.84% and -16.05% from its 52-week high. The company has generated returns on investments over the last 12 months (4.84%).
with sales reaching $621.8M over the same period.The EPS is expected to grow by 14.83% this year, but quarterly earnings will post 31.99% year-over-year. Quarterly sales are estimated to grow 29.00% in year-over-year returns.
493.0 institutions hold shares in Old National Bancorp (ONB), with institutional investors hold 97.62% 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 96.84% 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 10.5877 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).
