NEW YORK ( TheStreet) -- Old National Bancorp (NYSE: ONB) is trading at unusually high volume Monday with 2.1 million shares changing hands. It is currently at four times its average daily volume and trading up 78 cents (+7.7%) at $10.98 as of 3:17 p.m. ET.

Old has a market cap of $958.7 million and is part of the financial sector and banking industry. Shares are down 14.2% year to date as of the close of trading on Friday.

Old National Bancorp operates as a holding company for Old National Bank, which provides financial services to individuals and commercial customers primarily in Indiana, eastern and southeastern Illinois, and central and western Kentucky. The company has a P/E ratio of 20.7, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Old as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Old Ratings Report.

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