With 2.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.98 million shares. The 52-week range on ONB shows that it touched its highest point at $24.49 and its lowest point at $15.60 during that stretch. It currently has a 1-year price target of $25.20. With its current market cap of 8.30 billion, ONB has annualized dividend of $0.56 while the current yield stands at 2.49%. 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 6.40%, but this was up by 20.18% over a month. Three-month performance dropped to -7.00% while six-month performance rose 4.37%. The stock gained 29.92% in the past year, while it has gained 3.43% so far this year. A look at the trailing 12-month EPS for ONB yields 1.72 with Next year EPS estimates of 2.62. For the next quarter, that number is 0.51. This implies an EPS growth rate of 13.30% for this year and 24.25% for next year. EPS is expected to grow by 16.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.04%.
Float and Shares Shorts:
At present, 319.24 million ONB shares are outstanding with a float of 316.29 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.
