With 8.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.71 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $22.195 whereas the lowest price it dropped to was $20.31. The 52-week range on ONB shows that it touched its highest point at $20.43 and its lowest point at $13.67 during that stretch. It currently has a 1-year price target of $22.69. With its current market cap of 7.07 billion, ONB has annualized dividend of $0.56 while the current yield stands at 2.53%. Beta for the stock currently stands at 0.81.
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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 up-trending over the past week, with a rise of 14.71%, but this was up by 22.51% over a month. Three-month performance surged to 22.92% while six-month performance rose 27.37%. The stock gained 53.39% in the past year, while it has gained 31.14% 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 316.11 million shares on hand for trading. On 2024-10-15, short shares totaled 8.81 million, which was 276.0 higher than short shares on 1726185600. 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 0.83548 of ONB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONB since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ONB analysts setting a high price target of 24.0 and a low target of 21.0, the average target price over the next 12 months is 22.69. Based on these targets, ONB could surge 8.35% to reach the target high and fall by -5.19% to reach the target low. Reaching the average price target will result in a growth of 2.44% from current levels.
Analysts have provided yearly estimates in a range of $1.80912 being high and $1.78491 being low. For ONB, this leads to a yearly average estimate of $1.79466.
