On Monday, Old National Bancorp (NASDAQ: ONB) opened higher 1.94% from the last session, before settling in for the closing price of $16.48. Price fluctuations for ONB have ranged from $12.36 to $17.82 over the past 52 weeks.
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Annual sales at Financial sector company grew by 31.37% over the past five years. Company’s average yearly earnings per share was noted -10.13% at the time writing. With a float of $315.88 million, this company’s outstanding shares have now reached $318.97 million.
Let’s look at the performance matrix of the company that is accounted for 3940 employees.
Old National Bancorp (ONB) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Old National Bancorp is 0.97%, while institutional ownership is 78.36%. The most recent insider transaction that took place on Jun 11 ’24, was worth 272,924. In this transaction CEO, WEALTH MANAGEMENT of this company sold 17,165 shares at a rate of $15.90, taking the stock ownership to the 50,001 shares. Before that another transaction happened on Apr 25 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 49,375 for $16.28, making the entire transaction worth $803,825. This insider now owns 88,712 shares in total.
Old National Bancorp (ONB) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -10.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 9.72% growth over the previous five years of trading.
Old National Bancorp (NASDAQ: ONB) Trading Performance Indicators
Check out the current performance indicators for Old National Bancorp (ONB). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.03. Likewise, its price to free cash flow for the trailing twelve months is 10.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.85, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 2.03 in one year’s time.
Technical Analysis of Old National Bancorp (ONB)
Old National Bancorp (NASDAQ: ONB) saw its 5-day average volume 2.43 million, a positive change from its year-to-date volume of 2.02 million. As of the previous 9 days, the stock’s Stochastic %D was 83.40%. Additionally, its Average True Range was 0.36.
During the past 100 days, Old National Bancorp’s (ONB) raw stochastic average was set at 58.54%, which indicates a significant decrease from 89.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.23% in the past 14 days, which was lower than the 26.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.64, while its 200-day Moving Average is $15.94. Nevertheless, the first resistance level for the watch stands at $16.98 in the near term. At $17.16, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.38. If the price goes on to break the first support level at $16.58, it is likely to go to the next support level at $16.36. Assuming the price breaks the second support level, the third support level stands at $16.18.
Old National Bancorp (NASDAQ: ONB) Key Stats
There are currently 318,971K shares outstanding in the company with a market cap of 5.36 billion. Presently, the company’s annual sales total 2,540 M according to its annual income of 581,990 K. Last quarter, the company’s sales amounted to 673,500 K and its income totaled 120,280 K.
