With 2.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.08 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $23.86 whereas the lowest price it dropped to was $23.4. The 52-week range on ONB shows that it touched its highest point at $24.17 and its lowest point at $15.36 during that stretch. It currently has a 1-year price target of $27.61. With its current market cap of 7.50 billion, ONB has annualized dividend of $0.56 while the current yield stands at 2.38%. ONB paid its most recent dividend on 1733356800, while the ex-dividend date for that was 1733356800. Beta for the stock currently stands at 0.87.
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 0.26%, but this was up by 6.82% over a month. Three-month performance surged to 25.60% while six-month performance rose 17.74%. The stock gained 36.95% in the past year, while it has gained 8.27% so far this year. A look at the trailing 12-month EPS for ONB yields 1.68 with Next year EPS estimates of 2.64. For the next quarter, that number is 0.43. This implies an EPS growth rate of 11.45% for this year and 27.39% for next year. EPS is expected to grow by 16.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.02%.
Float and Shares Shorts:
At present, 318.98 million ONB shares are outstanding with a float of 316.10 million shares on hand for trading. On 2024-12-31, short shares totaled 34.23 million, which was 1073.0 higher than short shares on 1732838400. 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 0.83385 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 30.0 and a low target of 26.0, the average target price over the next 12 months is 27.61111. Based on these targets, ONB could surge 27.66% to reach the target high and rise by 10.64% to reach the target low. Reaching the average price target will result in a growth of 17.49% from current levels.
Analysts have provided yearly estimates in a range of $1.80075 being high and $1.78107 being low. For ONB, this leads to a yearly average estimate of $1.79091. Based on analyst estimates, the high estimate for the next quarter is $0.47 and the low estimate is $0.41. The average estimate for the next quarter is thus $0.46.
