Old National Bancorp (ONB) concluded trading on Thursday at a closing price of $17.28, with 3.06 million shares of worth about $52.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.25% during that period and on May 09, 2024 the price saw a loss of about -0.63%. Currently the company’s common shares owned by public are about 318.97M shares, out of which, 315.63M shares are available for trading.
Stock saw a price change of 1.47% in past 5 days and over the past one month there was a price change of 7.87%. Year-to-date (YTD), ONB shares are showing a performance of 2.31% which increased to 40.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.80 but also hit the highest price of $17.64 during that period. The average intraday trading volume for Old National Bancorp shares is 2.24 million. The stock is currently trading 4.93% above its 20-day simple moving average (SMA20), while that difference is up 4.37% for SMA50 and it goes to 9.02% higher than SMA200.
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Old National Bancorp (NASDAQ: ONB) currently have 318.97M outstanding shares and institutions hold larger chunk of about 77.05% of that.
The stock has a current market capitalization of $5.51B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 9.34, while it has posted earnings per share of $1.85 in the same period. Its PEG reads 1.17 while making debt-to-equity ratio of 0.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ONB, volatility over the week remained 2.18% while standing at 2.47% over the month.
Analysts are in expectations that Old National Bancorp (ONB) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $2.06 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.43 which is $0.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.39% while it is estimated to increase by 11.45% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 9.72% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on March 08, 2024 offering an Overweight rating for the stock and assigned a target price of $20 to it. Coverage by Citigroup stated Old National Bancorp (ONB) stock as a Buy in their note to investors on December 01, 2023, suggesting a price target of $17 for the stock. On July 10, 2023, UBS Upgrade their recommendations, while on March 15, 2023, UBS Initiated their ratings for the stock with a price target of $16. Stock get an Overweight rating from Stephens on May 13, 2022.
