Currently, there are 318.97M common shares owned by the public and among those 316.10M shares have been available to trade.
The company’s stock has a 5-day price change of 8.11% and 18.31% over the past three months. ONB shares are trading 35.82% year to date (YTD), with the 12-month market performance up to 56.80% higher. It has a 12-month low price of $14.32 and touched a high of $22.75 over the same period. ONB has an average intraday trading volume of 2.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.43%, 16.85%, and 27.99% respectively.
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Institutional ownership of Old National Bancorp (NASDAQ: ONB) shares accounts for 83.27% of the company’s 318.97M shares outstanding.
It has a market capitalization of $7.49B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 13.92, while the earnings-per-share (ttm) stands at $1.65. The company has a PEG of 1.74 and the debt-to-equity ratio at 0.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.92% over the week and 2.87% over the month.
Earnings per share for the fiscal year are expected to decrease by -12.46%, and 12.52% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 9.72% over the past 5-year period.
Looking at the support for the ONB, a number of firms have released research notes about the stock. Hovde Group stated their Outperform rating for the stock in a research note on June 03, 2024, with the firm’s price target at $20. Barclays coverage for the Old National Bancorp (ONB) stock in a research note released on March 08, 2024 offered a Overweight rating with a price target of $20. Citigroup was of a view on December 01, 2023 that the stock is Buy, while UBS gave the stock Buy rating on July 10, 2023, issuing a price target of $14.50- $15.50. UBS on their part issued Neutral rating on March 15, 2023.
