ONB Stock Summary and Trading Ideas (Old National Bancorp | NASDAQ:ONB)

Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.

Old National Bancorp trades on the NASDAQ stock market under the symbol ONB.

As of November 29, 2024, ONB stock price climbed to $23.16 with 1,605,528 million shares trading.

ONB has a beta of 0.98, meaning it tends to be less sensitive to market movements. ONB has a correlation of 0.15 to the broad based SPY ETF.

ONB has a market cap of $7.90 billion. This is considered a Mid Cap stock.

Last quarter Old National Bancorp reported $486 million in Revenue and $.46 earnings per share. This beat revenue expectation by $4 million and met earnings estimates .

In the last 3 years, ONB traded as high as $23.76 and as low as $11.66.

The top ETF exchange traded funds that ONB belongs to (by Net Assets): IJH, IWM, VTI, VB, VBR.

ONB has outperformed the market in the last year with a price return of +61.6% while the SPY ETF gained +34.1%. ONB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.6% and +9.1%, respectively, while the SPY returned +8.2% and +2.9%, respectively.

ONB support price is $22.67 and resistance is $23.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ONB shares will trade within this expected range on the day.