Old National Bancorp (NASDAQ: ONB) Down -0.95% YTD: Could Trouble Be Ahead?

Old National Bancorp (NASDAQ:ONB)’s traded shares stood at 0.36 million during the latest session, with the company’s beta value hitting 0.82. At the last check today, the stock’s price was $16.73, to imply an increase of 1.88% or $0.31 in intraday trading. The ONB share’s 52-week high remains $17.82, putting it -6.52% down since that peak but still an impressive 27.02% since price per share fell to its 52-week low of $12.21. The company has a valuation of $5.34B, with an average of 2.09 million shares over the past 3 months.

Old National Bancorp (NASDAQ:ONB) trade information

After registering a 1.88% upside in the latest session, Old National Bancorp (ONB) has traded red over the past five days. The stock hit a weekly high of 17.11, jumping 1.88% in its intraday price action. The 5-day price performance for the stock is -2.06%, and 1.14% over 30 days. With these gigs, the year-to-date price performance is -0.95%.

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Old National Bancorp (ONB) estimates and forecasts

Looking at statistics comparing Old National Bancorp share performance against respective industry, we note that the company has underperformed competitors. Old National Bancorp (ONB) shares are 14.90% up over the last 6 months, with its year-to-date growth rate lower than industry average at -10.24% against -8.10%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 9.72% for the past 5-year period. While 2024 is set for a -10.39% return in earnings, projections for the next 5 years are at 8.00% annually.

ONB Dividends

Old National Bancorp has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Old National Bancorp has a forward dividend ratio of 0.56, with the share yield ticking at 3.35% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.