With 2.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.12 million shares. The 52-week range on ONB shows that it touched its highest point at $24.49 and its lowest point at $15.38 during that stretch. It currently has a 1-year price target of $27.72. With its current market cap of 7.65 billion, ONB has annualized dividend of $0.56 while the current yield stands at 2.34%. Beta for the stock currently stands at 0.84.
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 0.67%, but this was up by 1.31% over a month. Three-month performance surged to 12.91% while six-month performance rose 27.09%. The stock gained 45.80% in the past year, while it has gained 10.44% 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 316.05 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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.
