Old National Bancorp (NASDAQ: ONB) on Friday, plunged -0.57% from the previous trading day, before settling in for the closing price of $24.45. Within the past 52 weeks, ONB’s price has moved between $15.36 and $24.49.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 31.73%. The company achieved an average annual earnings per share of 11.45%. With a float of $315.21 million, this company’s outstanding shares have now reached $318.98 million.
Considering the fact that the conglomerate employs 4066 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 103.71%, operating margin of 28.92%, and the pretax margin is 26.0%.
Old National Bancorp (ONB) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Old National Bancorp is 0.90%, while institutional ownership is 84.26%. The most recent insider transaction that took place on Oct 15 ’24, was worth 183,628. Before that another transaction happened on Oct 02 ’24, when Company’s Former SEVP, Chief Financial O proposed sale 32,452 for $17.97, making the entire transaction worth $583,162.
Old National Bancorp (ONB) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.46% during the next five years compared to 4.02% growth over the previous five years of trading.
Old National Bancorp (NASDAQ: ONB) Trading Performance Indicators
Old National Bancorp (ONB) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.62. Likewise, its price to free cash flow for the trailing twelve months is 17.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.68, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 2.64 in one year’s time.
Technical Analysis of Old National Bancorp (ONB)
Compared to the last year’s volume of 3.52 million, its volume of 2.98 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 94.72%. Additionally, its Average True Range was 0.59.
During the past 100 days, Old National Bancorp’s (ONB) raw stochastic average was set at 97.33%, which indicates a significant increase from 90.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.75% in the past 14 days, which was lower than the 34.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.62, while its 200-day Moving Average is $19.44. Nevertheless, the first resistance level for the watch stands at $24.56 in the near term. At $24.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.15. If the price goes on to break the first support level at $23.97, it is likely to go to the next support level at $23.62. Should the price break the second support level, the third support level stands at $23.37.
Old National Bancorp (NASDAQ: ONB) Key Stats
Market capitalization of the company is 7.75 billion based on 318,972K outstanding shares. Right now, sales total 2,956 M and income totals 539,190 K. The company made 757,850 K in profit during its latest quarter, and 153,870 K in sales during its previous quarter.
