Currently, there are 318.98M common shares owned by the public and among those 316.20M shares have been available to trade.
The company’s stock has a 5-day price change of 4.78% and -15.77% over the past three months. ONB shares are trading -8.18% year to date (YTD), with the 12-month market performance up to 26.30% higher. It has a 12-month low price of $15.60 and touched a high of $24.49 over the same period. ONB has an average intraday trading volume of 2.99 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 0.83%, -6.80%, and -3.20% respectively.
Institutional ownership of Old National Bancorp (NASDAQ: ONB) shares accounts for 95.80% of the company’s 318.98M shares outstanding.
It has a market capitalization of $6.36B and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 11.87, while the earnings-per-share (ttm) stands at $1.68. The company has a PEG of 0.77 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 3.33% over the week and 5.16% over the month.
Earnings per share for the fiscal year are expected to increase by 12.94%, and 24.59% over the next financial year. EPS should grow at an annualized rate of 15.34% over the next five years, compared to 4.04% over the past 5-year period.
Looking at the support for the ONB, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on November 26, 2024, with the firm’s price target at $28. Hovde Group coverage for the Old National Bancorp (ONB) stock in a research note released on June 03, 2024 offered a Outperform rating with a price target of $20. Barclays was of a view on March 08, 2024 that the stock is Overweight, while Citigroup gave the stock Buy rating on December 01, 2023, issuing a price target of $17. UBS on their part issued Buy rating on July 10, 2023.
