Old National Bancorp with ticker code (ONB) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 24 and 20 with the average target price sitting at 22. Given that the stocks previous close was at 18.05 this now indicates there is a potential upside of 21.9%. The day 50 moving average is 18.43 while the 200 day moving average is 17.6. The market capitalisation for the company is $5,158m. Company Website: https://www.oldnational.com
The potential market cap would be $6,286m based on the market concensus.
Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, luding noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.
