Old National Bancorp (ONB) has risen sharply, recording gains of 3.88% in the past 4 weeks. However, the stock has corrected -0.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.81% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.14% and the 50-Day Moving Average is 6.07%. Old National Bancorp (NASDAQ:ONB): stock turned positive on Friday. Though the stock opened at $13.6, the bulls momentum made the stock top out at $13.67 level for the day. The stock recorded a low of $13.49 and closed the trading day at $13.67, in the green by 0.22%. The total traded volume for the day was 560,187. The stock had closed at $13.64 in the previous days trading.
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 -2.95% . Institutional Investors own 64.52% of Old National Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of 9.29%. Also, Hovde Group initiates coverage on Old National Bancorp (NASDAQ:ONB) . Analysts at the Hovde Group have a current rating of Market Perform on the shares. The rating by the firm was issued on August 3, 2016.
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.