Old National Bancorp (ONB) Insider Trading: What Insights Can Be Gained?

At the last check on Friday, Old National Bancorp’s (NASDAQ:ONB) stock was up $0.2, moving up 1.33 percent to $15.62. The average number of shares traded per day over the past five days has been 2,933,179 shares. 3 times new highs have been achieved over the past 5 days, with a $0.18 gain in that time frame. In the last twenty days, the average volume was 2,902,055, while in the previous 50 days, it was 2,753,788.

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Since last month, ONB stock rose 1.72%. Shares of the company fell to $14.91 on 05/02/22, the lowest level in the past month. A 52-week high of $20.81 was reached on 01/18/22 after having rallying from a 52-week low of $14.91. Since the beginning of this year, ONB’s stock price has dropped by -14.90% or -$2.52, and marked a new high 9 times. However, the stock has declined by -24.92% since its 52-week high.

Old National Bancorp (ONB) last reported insider trading activity 11 days ago on May 02. Sander Mark G, the President and COO of the company, purchased of 7,000 shares for $15.31 on May 02. It resulted in a $107,166 investment by the insider. FALCONER BRENDON B added 3,000 shares at an average price of $15.24 on May 02. The insider now owns 3,000 shares following the transaction. On Apr 29, Executive Chairman SCUDDER MICHAEL L bought 8,170 shares at $15.30 apiece. The transaction was valued at $125,020.

Valuation Metrics

Right now, Old National Bancorp (ONB) has a P/E ratio of about 15.13. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 6.43, the price-to-book (PB) ratio of 0.70, and the price-to-cash flow ratio of 18.37 may also be considered.

The latest dividend of $0.14 per share was paid out, remained unchanged from last year’s $0.14. On Wednesday January 22 2020, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.12, and the total debt-to-equity ratio was 0.22. In the year ended March 30, operating margins totaled 81.80%. Based on annual data, ONB earned $596.4 million in gross profit and brought in $638.65 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.00%. Return on equity (ROE) for the past 12 months was 4.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Old National Bancorp to report $0.34 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by 17.60%. The value of shareholders’ equity is $292.96 million.

Technical Picture

This quick technical analysis looks at Old National Bancorp’s (ONB) price momentum. With a historical volatility rate of 27.52%, the RSI 9-day stood at 53.36% on 12 May.

With respect to its five-day moving average, the current Old National Bancorp price is up by +1.20% percent or $0.18. At present, ONB shares trade +1.93% above its 20-day simple moving average and -9.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.23% below its SMA50 and -4.09% below its SMA200.

Stochastic coefficient K was 42.71% and Stochastic coefficient D was 36.36%, while ATR was 0.42. Given the Stochastic reading of 62.05% for the 14-day period, the RSI (14) reading has been calculated as 48.62%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.04.

Analyst Ratings

Stephens upgraded its rating on Old National Bancorp (NASDAQ: ONB) to an Overweight in a note to investors on May 13, 2022. The analysts firm previously had an Equal-weight rating on the stock.Old National Bancorp (ONB) has been rated Overweight by analysts. According to 0 brokerage firms, ONB is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Old National Bancorp stock as buy, with 3 recommending it as overweight.

With a median target price of $19.75, the current consensus forecast for the stock is $17.50 – $24.00. Based on these forecasts, analysts predict Old National Bancorp (ONB) will achieve an average price target of $20.00.


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