Old Stock Hits New 52-Week Low (ONB)

NEW YORK ( TheStreet) -- Old National Bancorp (NYSE: ONB) hit a new 52-week low Thursday as it is currently trading at $8.90, below its previous 52-week low of $9.03 with 217,503 shares traded as of 10:15 a.m. ET. Average volume has been 646,900 shares over the past 30 days.

Old has a market cap of $884 million and is part of the financial sector and banking industry. Shares are down 21.7% year to date as of the close of trading on Wednesday.

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 17, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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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, compelling growth in net income and revenue growth. 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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