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%).
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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.