As of Friday close, Old National Bancorp’s (NASDAQ:ONB) stock was down -$0.63, moving down -4.19 percent to $14.39. The average number of shares traded per day over the past five days has been 5,267,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.57 fall in that time frame. In the last twenty days, the average volume was 2,780,055, while in the previous 50 days, it was 2,078,380.
Since last month, ONB stock retreated -19.88%. Shares of the company fell to $14.06 on 03/16/23, the lowest level in the past month. A 52-week high of $20.19 was reached on 01/12/23 after having rallying from a 52-week low of $14.06. Since the beginning of this year, ONB’s stock price has dropped by -19.97% or -$3.59, and marked a new high 6 times. However, the stock has declined by -28.73% since its 52-week high.
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Sponsored
ONB stock investors should be aware that Old National Bancorp (ONB) stock had its last reported insider trading activity 23 days ago on Feb 23. SCUDDER MICHAEL L, the EXECUTIVE CHAIRMAN of the company, disposed of 25,000 shares for $18.00 on Feb 23. It resulted in a $450,000 divestment by the insider. SCUDDER MICHAEL L sold 8,244 shares at an average price of $17.70 on Feb 22. The insider now owns 189,495 shares following the transaction. On Feb 21, EXECUTIVE CHAIRMAN SCUDDER MICHAEL L sold 9,308 shares at $17.75 apiece. The transaction was valued at $165,217.
Valuation Metrics
Right now, Old National Bancorp (ONB) has a P/E ratio of about 10.38. The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 2.91, the price-to-book (PB) ratio of 0.86, and the price-to-cash flow ratio of 7.06 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 December 30 was 0.13, and the total debt-to-equity ratio was 0.36. In the year ended December 30, operating margins totaled 81.40%. Based on annual data, ONB earned $1.33 billion in gross profit and brought in $1.45 billion 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 16.00%. Return on equity (ROE) for the past 12 months was 8.50%.
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 $0.57 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by -1.80%.
Technical Picture
This quick technical analysis looks at Old National Bancorp’s (ONB) price momentum. With a historical volatility rate of 31.84%, the RSI 9-day stood at 19.00% on 17 March.
With respect to its five-day moving average, the current Old National Bancorp price is down by -9.84% percent or -$1.57. At present, ONB shares trade -19.20% below its 20-day simple moving average and -20.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.29% below its SMA50 and -9.50% below its SMA200.
Stochastic coefficient K was 13.85% and Stochastic coefficient D was 15.04%, while ATR was 0.82. Given the Stochastic reading of 8.75% for the 14-day period, the RSI (14) reading has been calculated as 22.33%. As of today, the MACD Oscillator reading stands at -0.89, while the 14-day reading stands at -1.55.
Analyst Ratings
UBS launched its rating on Old National Bancorp (NASDAQ: ONB) to a Neutral in a note to investors on March 15, 2023. 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 4 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $16.00 – $22.00. Based on these forecasts, analysts predict Old National Bancorp (ONB) will achieve an average price target of $20.00.