In yesterday’s Wall Street session, Old National Bancorp (NASDAQ:ONB) shares traded at $16.21, down -2.64% from the previous session.
ONB stock price is now -1.99% away from the 50-day moving average and 4.16% away from the 200-day moving average. The market capitalization of the company currently stands at $4.74B.
With the price target of $20, Barclays recently initiated with Overweight rating for Old National Bancorp (NASDAQ: ONB). On December 01, 2023, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $17, while ‘UBS’ rates the stock as ‘Buy’
In other news, SCUDDER MICHAEL L, EXECUTIVE CHAIRMAN sold 50,000 shares of the company’s stock on Aug 11 ’23. The stock was sold for $840,500 at an average price of $16.81. Upon completion of the transaction, the EXECUTIVE CHAIRMAN now directly owns 215,796 shares in the company, valued at $3.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’23, EVP, CHIEF STRATEGY OFFICER Moran John V bought 2,500 shares of the business’s stock. A total of $49,625 was incurred on buying the stock at an average price of $19.85. This leaves the insider owning 2,500 shares of the company worth $40525.0. A total of 1.05% of the company’s stock is owned by insiders.
During the past 12 months, Old National Bancorp has had a low of $11.66 and a high of $17.64. The fifty day moving average price for ONB is $16.53 and a two-hundred day moving average price translates $15.67 for the stock.
The latest earnings results from Old National Bancorp (NASDAQ: ONB) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.46, missing analysts’ expectations of $0.48 by -0.02. This compares to $0.78 EPS in the same period last year. The net profit margin was 22.28% and return on equity was 10.89% for ONB. The company reported revenue of $589.75 million for the quarter, compared to $457.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.82 percent. For the current quarter, analysts expect ONB to generate $440M in revenue.
