An analyst sees good growth prospects for Old National Bancorp (ONB)

With 1.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.05 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $18.25 whereas the lowest price it dropped to was $17.905. The 52-week range on ONB shows that it touched its highest point at $20.43 and its lowest point at $12.36 during that stretch. It currently has a 1-year price target of $22.94. With its current market cap of 5.72 billion, ONB has annualized dividend of $0.56 while the current yield stands at 3.12%. Beta for the stock currently stands at 0.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ONB was down-trending over the past week, with a drop of -2.87%, but this was down by -8.19% over a month. Three-month performance surged to 5.59% while six-month performance rose 11.85%. The stock gained 25.81% in the past year, while it has gained 6.22% so far this year. A look at the trailing 12-month EPS for ONB yields 1.70 with Next year EPS estimates of 1.99. For the next quarter, that number is 0.46. This implies an EPS growth rate of -11.38% for this year and 9.54% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.72%.

Float and Shares Shorts:

At present, 318.97 million ONB shares are outstanding with a float of 316.10 million shares on hand for trading. On 2024-09-13, short shares totaled 9.34 million, which was 293.0 higher than short shares on 1723680000. In addition to Mr. James C. Ryan III as the firm’s CEO & Chairman, Mr. Mark G. Sander serves as its President & COO.

Institutional Ownership:

Through their ownership of 0.82063 of ONB’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.