With 3.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.52 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $21.88 whereas the lowest price it dropped to was $21.01. The 52-week range on ONB shows that it touched its highest point at $23.76 and its lowest point at $15.36 during that stretch. It currently has a 1-year price target of $26.88. With its current market cap of 6.75 billion, ONB has annualized dividend of $0.56 while the current yield stands at 2.65%. ONB paid its most recent dividend on 1733356800, while the ex-dividend date for that was 1733356800. Beta for the stock currently stands at 0.86.
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 -3.42%, but this was down by -7.92% over a month. Three-month performance surged to 18.00% while six-month performance rose 24.60%. The stock gained 24.38% in the past year, while it has lost -2.46% so far this year. A look at the trailing 12-month EPS for ONB yields 1.65 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.46. This implies an EPS growth rate of -12.69% for this year and 15.26% 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, 318.95 million ONB shares are outstanding with a float of 316.10 million shares on hand for trading. On 2024-12-13, short shares totaled 34.3 million, which was 1075.0 higher than short shares on 1731628800. 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 0.83572996 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 28.0 and a low target of 25.0, the average target price over the next 12 months is 26.88889. Based on these targets, ONB could surge 32.26% to reach the target high and rise by 18.09% to reach the target low. Reaching the average price target will result in a growth of 27.01% from current levels.
Analysts have provided yearly estimates in a range of $1.83941 being high and $1.67495 being low. For ONB, this leads to a yearly average estimate of $1.78977. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.43. The average estimate for the next quarter is thus $0.46.
