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The closing price of Old National Bancorp (NASDAQ: ONB) was $18.47 for the day, down -0.86% from the previous closing price of $18.63. In other words, the price has decreased by -$0.86 from its previous closing price. On the day, 2.07 million shares were traded. ONB stock price reached its highest trading level at $18.6307 during the session, while it also had its lowest trading level at $18.33.
Ratios:
Our analysis of ONB’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 0.88.
On March 08, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $20.
On December 01, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $17.Citigroup initiated its Buy rating on December 01, 2023, with a $17 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 13 ’24 when RYAN C KITCHELL bought 20,000 shares for $18.75 per share.
Stewart Derrick J sold 14,679 shares of ONB for $293,828 on Jul 30 ’24. The Director now owns 0 shares after completing the transaction at $20.02 per share. On Jul 30 ’24, another insider, Sander Mark G, who serves as the PRESIDENT AND COO of the company, sold 103,297 shares for $20.02 each. As a result, the insider received 2,067,686 and left with 308,076 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONB now has a Market Capitalization of 5891375616 and an Enterprise Value of 11313394688. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.86, and their Forward P/E ratio for the next fiscal year is 9.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 6.543.
Stock Price History:
Over the past 52 weeks, ONB has reached a high of $20.43, while it has fallen to a 52-week low of $12.36. The 50-Day Moving Average of the stock is -2.80%, while the 200-Day Moving Average is calculated to be 7.11%.
Shares Statistics:
ONB traded an average of 2.09M shares per day over the past three months and 2048460 shares per day over the past ten days. A total of 318.97M shares are outstanding, with a floating share count of 316.10M. Insiders hold about 0.90% of the company’s shares, while institutions hold 81.89% stake in the company. Shares short for ONB as of 1724976000 were 10014814 with a Short Ratio of 4.47, compared to 1722384000 on 9477022. Therefore, it implies a Short% of Shares Outstanding of 10014814 and a Short% of Float of 4.03.
Dividends & Splits
With its trailing 12-month dividend rate of 0.56, ONB has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.030059045The stock’s 5-year Average Dividend Yield is 3.41.
