Old National Bancorp [NASDAQ: ONB] gained 1.00% or 0.21 points to close at $21.25 with a heavy trading volume of 4433581 shares.
The daily chart for ONB points out that the company has recorded 21.71% gains over the past six months.
If we look at the average trading volume of 2.64M shares, ONB reached to a volume of 4433581 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $26.67 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 2.35. 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 15.28.
Trading performance analysis for ONB stock
Old National Bancorp [ONB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.10. With this latest performance, ONB shares dropped by -7.93% in over the last four-week period, additionally plugging by 21.71% over the last 6 months – not to mention a rise of 25.37% 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 43.20, with the RSI for the last a single of trading hit 40.02, and the three-weeks RSI is set at 46.73 for Old National Bancorp [ONB]. The present Moving Average for the last 50 days of trading for this stock 21.67, while it was recorded at 21.24 for the last single week of trading, and 18.76 for the last 200 days.
Old National Bancorp [ONB]: A deeper dive into fundamental analysis
Old National Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.04.
Old National Bancorp [ONB]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Old National Bancorp [ONB]
There are presently around $83.39%, or 84.08%% 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%.
