Old National Bancorp [NASDAQ: ONB] stock went on a downward path that fall over -2.46% on Thursday, amounting to a one-week price decrease of less than -3.42%.
Over the last 12 months, ONB stock rose by 24.38%. The one-year Old National Bancorp stock forecast points to a potential upside of 21.24. The average equity rating for ONB stock is currently 1.62, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.75 billion, with 318.95 million shares outstanding and 316.10 million shares in the current float. Compared to the average trading volume of 2.52M shares, ONB stock reached a trading volume of 3579127 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Old National Bancorp [ONB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONB shares is $26.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONB stock is a recommendation set at 1.62. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Old National Bancorp shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on November 26, 2024. While these analysts kept the previous recommendation, Hovde Group raised their target price to Outperform. The new note on the price target was released on June 03, 2024, representing the official price target for Old National Bancorp stock. Previously, the target price had yet another raise to $20, while Barclays analysts kept a Overweight rating on ONB stock.
The Average True Range (ATR) for Old National Bancorp is set at 0.63, with the Price to Sales ratio for ONB stock in the period of the last 12 months amounting to 2.34. The Price to Book ratio for the last quarter was 1.10. Price to Free Cash Flow for ONB in the course of the last twelve months was 15.22.
ONB Stock Performance Analysis:
Old National Bancorp [ONB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.42. With this latest performance, ONB shares dropped by -7.92% in over the last four-week period, additionally plugging by 24.60% over the last 6 months – not to mention a rise of 24.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ONB stock in for the last two-week period is set at 39.96, with the RSI for the last a single of trading hit 32.47, and the three-weeks RSI is set at 45.32 for Old National Bancorp [ONB]. The present Moving Average for the last 50 days of trading for this stock 21.47, while it was recorded at 21.67 for the last single week of trading, and 18.67 for the last 200 days.
Insight into Old National Bancorp Fundamentals:
Old National Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.04.
ONB Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ONB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Old National Bancorp go to 8.00%.
Old National Bancorp [ONB] Institutonal Ownership Details
There are presently around $83.57%, or 84.27%% of ONB stock, in the hands of institutional investors. The top three institutional holders of ONB stocks are: BLACKROCK INC. with ownership of 38.9 million shares, which is approximately 13.3689%. VANGUARD GROUP INC, holding 33.41 million shares of the stock with an approximate value of $$574.37 million in ONB stocks shares; and VANGUARD GROUP INC, currently with $$356.06 million in ONB stock with ownership which is approximately 7.1184%.
