With 1.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $19.01 whereas the lowest price it dropped to was $18.67. The 52-week range on ONB shows that it touched its highest point at $20.43 and its lowest point at $12.36 during that stretch. It currently has a 1-year price target of $22.69. With its current market cap of 6.05 billion, ONB has annualized dividend of $0.56 while the current yield stands at 2.95%. Beta for the stock currently stands at 0.81.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ONB was down-trending over the past week, with a drop of -3.66%, but this was up by 2.65% over a month. Three-month performance dropped to -6.23% while six-month performance rose 13.81%. The stock gained 40.55% in the past year, while it has gained 12.26% so far this year. A look at the trailing 12-month EPS for ONB yields 1.65 with Next year EPS estimates of 1.97. For the next quarter, that number is 0.46. This implies an EPS growth rate of -12.46% for this year and 9.80% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.72%.
Float and Shares Shorts:
At present, 318.97 million ONB shares are outstanding with a float of 316.10 million shares on hand for trading. On 2024-09-30, short shares totaled 8.38 million, which was 263.00002 higher than short shares on 1724976000. In addition to Mr. James C. Ryan III as the firm’s CEO & Chairman, Mr. Mark G. Sander serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.82123 of ONB’s outstanding shares, institutional investors have minority control over the company.
