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As of close of business last night, Old National Bancorp’s stock clocked out at $20.19, up 2.18% from its previous closing price of $19.76. In other words, the price has increased by $2.18 from its previous closing price. On the day, 5.16 million shares were traded. ONB stock price reached its highest trading level at $20.21 during the session, while it also had its lowest trading level at $19.3901.
Ratios:
To gain a deeper understanding of ONB’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.87.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 11 ’24 when ALAHMAR CHADY M. sold 17,165 shares for $15.90 per share. The transaction valued at 272,924 led to the insider holds 50,001 shares of the business.
FALCONER BRENDON B sold 49,375 shares of ONB for $803,825 on Apr 25 ’24. The CHIEF FINANCIAL OFFICER now owns 88,712 shares after completing the transaction at $16.28 per share. On Aug 11 ’23, another insider, SCUDDER MICHAEL L, who serves as the EXECUTIVE CHAIRMAN of the company, sold 50,000 shares for $16.81 each. As a result, the insider received 840,500 and left with 215,796 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 6440024576 and an Enterprise Value of 11400978432. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.92, and their Forward P/E ratio for the next fiscal year is 9.98. 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 2.43 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 6.558.
Stock Price History:
The Beta on a monthly basis for ONB is 0.83, which has changed by 0.17043483 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, ONB has reached a high of $19.96, while it has fallen to a 52-week low of $12.36. The 50-Day Moving Average of the stock is 17.67%, while the 200-Day Moving Average is calculated to be 24.39%.
Shares Statistics:
It appears that ONB traded 1.91M shares on average per day over the past three months and 3288490 shares per day over the past ten days. A total of 318.97M shares are outstanding, with a floating share count of 315.88M. Insiders hold about 0.97% of the company’s shares, while institutions hold 77.65% stake in the company. Shares short for ONB as of 1719532800 were 8944865 with a Short Ratio of 4.69, compared to 1717113600 on 9296044. Therefore, it implies a Short% of Shares Outstanding of 8944865 and a Short% of Float of 3.5999999999999996.
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 0.02834008The stock’s 5-year Average Dividend Yield is 3.42. The current Payout Ratio is 28.88% for ONB, which recently paid a dividend on 2024-06-05 with an ex-dividend date of 1717545600. Stock splits for the company last occurred on 2005-01-03 when the company split stock in a 105:100 ratio.
