Old National Bancorp (NASDAQ:ONB) Currently -18.14% Below Its 52-Week High, But There May Be A Surprise Downside

In recent trading session, Old National Bancorp (NASDAQ:ONB) saw 0.4 million shares changing hands at last check today with its beta currently measuring 0.84. Company’s recent per share price level of $20.73 trading at $0.17 or 0.83% at last check today assigns it a market valuation of $6.62B. That most recent trading price of ONB’s stock is at a discount of -18.14% from its 52-week high price of $24.49 and is indicating a premium of 24.75% from its 52-week low price of $15.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.11 million shares which gives us an average trading volume of 3.00 million if we extend that period to 3-months.

For Old National Bancorp (ONB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.56. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.51 in the current quarter.

Old National Bancorp (NASDAQ:ONB) trade information

Upright in the green today for gaining 0.83%, in the last five days ONB remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $20.73 price level, adding 1.8% to its value on the day. Old National Bancorp’s shares saw a change of -4.49% in year-to-date performance and have moved 6.53% in past 5-day. Old National Bancorp (NASDAQ:ONB) showed a performance of -3.45% in past 30-days. Number of shares sold short was 41.24 million shares which calculate 15.43 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 26.5 to the stock, which implies a rise of 21.77% to its recent value today. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would drop -25.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.42% for stock’s current value.

Old National Bancorp (ONB) estimates and forecasts

This year revenue growth is estimated to rise 31.99% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 621.8M for the same. And 7 analysts are in estimates of company making revenue of 699.37M in the next quarter. Company posted 482.03M and 492.01M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.04% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 14.83% while estimates for its earnings growth in next 5 years are of 16.62%.

ONB Dividends

Old National Bancorp is more likely to be releasing its next quarterly report on 2025-Apr-21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.70%, the share has a forward dividend of 0.56 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.35%.

Old National Bancorp (NASDAQ:ONB)’s Major holders

Insiders are in possession of 0.80% of company’s total shares while institution are holding 96.89 percent of that, with stock having share float percentage of 97.68%. Investors also watch the number of corporate investors in a company very closely, which is 96.89% institutions for Old National Bancorp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at ONB for having 38.9 million shares of worth $668.71 million. And as of 2024-06-30, it was holding 12.3266 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 33.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.5877 of outstanding shares, having a total worth of $574.37 million.

On the other hand, UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. and iShares Trust-iShares Core S&P Mid-Cap ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 15.18 shares of worth $313.54 million or 4.76% of the total outstanding shares. The later fund manager was in possession of 10.42 shares on Mar 31, 2025 , making its stake of worth around $215.26 million in the company or a holder of 3.27% of company’s stock.