Old National Bancorp (ONB) concluded trading on Wednesday at a closing price of $22.15, with 8.72 million shares of worth about $193.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.37% during that period and on November 06, 2024 the price saw a gain of about 15.61%. Currently the company’s common shares owned by public are about 318.97M shares, out of which, 316.11M shares are available for trading.
Stock saw a price change of 14.71% in past 5 days and over the past one month there was a price change of 22.51%. Year-to-date (YTD), ONB shares are showing a performance of 31.14% which increased to 53.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.67 but also hit the highest price of $20.43 during that period. The average intraday trading volume for Old National Bancorp shares is 1.71 million. The stock is currently trading 15.25% above its 20-day simple moving average (SMA20), while that difference is up 17.07% for SMA50 and it goes to 25.98% 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 83.51% of that.
The stock has a current market capitalization of $7.07B and its 3Y-monthly beta is at 0.81. PE ratio of stock for trailing 12 months is 13.44, while it has posted earnings per share of $1.65 in the same period. Its PEG reads 1.68 while making debt-to-equity ratio of 0.89. 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 3.45% while standing at 2.71% over the month.
Stock’s fiscal year EPS is expected to drop by -12.46% while it is estimated to increase by 9.80% 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 Hovde Group on June 03, 2024 offering an Outperform rating for the stock and assigned a target price of $20 to it. Coverage by Barclays stated Old National Bancorp (ONB) stock as an Overweight in their note to investors on March 08, 2024, suggesting a price target of $20 for the stock. On December 01, 2023, Citigroup Initiated their recommendations, while on July 10, 2023, UBS Upgrade their ratings for the stock with a price target of $15.50. Stock get a Neutral rating from UBS on March 15, 2023.
