Old National Bancorp with ticker code (ONB) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 24 and 17.5 with a mean TP of 20. Now with the previous closing price of 14.87 this indicates there is a potential upside of 34.5%. The 50 day moving average now sits at 15.5 and the 200 day MA is 17.17. The market cap for the company is $4,186m. Company Website: https://www.oldnational.com
The potential market cap would be $5,631m 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, including 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.
