Old National Bancorp (NASDAQ:ONB) has tumbled 3.33% during the past week and has dropped 1.89% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.17%. Old National Bancorp (NASDAQ:ONB) has underperformed the index by 2.78% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Old National Bancorp (NASDAQ:ONB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.45 and $12.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.49, notching a gain of 0.73% for the day. The total traded volume was 1,912,016 . The stock had closed at $12.40 on the previous day.
The company shares have dropped -14.63% from its 1 Year high price. On Nov 23, 2015, the shares registered one year high at $15.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.81 and the 200 Day Moving Average price is recorded at $12.49.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Wolking Christopher A, officer (SEVP – CFO) of Old National Bancorp /In/, had unloaded 3,000 shares at an average price of $13.17 in a transaction dated on May 31, 2016. The total value of the transaction was worth $39,510.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Raymond James, upgrades their rating on the shares of Old National Bancorp (NASDAQ:ONB). Raymond James has a Outperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on March 29, 2016. Currently the company Insiders own 2.7% of Old National Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 9.29% . Institutional Investors own 70.66% of Old National Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of 9.29%.
Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned banking subsidiary provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other traditional banking services. Through its non-bank affiliates, it provides insurance brokerage services and other financial services. It operates in two segments: banking, which consists of lending and depository activities along with cash management, private banking, brokerage, trust and investment advisory services, and insurance, which offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. Old National Bank provides a range of services, including commercial and consumer loan and depository services, lease financing and other traditional banking services.