Old Reaches New 52-Week High (ONB)

NEW YORK ( TheStreet) -- Old National Bancorp (NYSE: ONB) hit a new 52-week high Tuesday as it is currently trading at $12.80, above its previous 52-week high of $12.77 with 685,745 shares traded as of 4:02 p.m. ET. Average volume has been 639,500 shares over the past 30 days.

Old has a market cap of $1.17 billion and is part of the financial sector and banking industry. Shares are up 5.2% year to date as of the close of trading on Monday.

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 15.9, below the average banking industry P/E ratio of 20.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Old as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Old Ratings Report.

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