Old National Bancorp is a financial holding company. Through its banking subsidiary, Old National Bank, Co. provides a range of services, including commercial and consumer loan and depository services, and other banking services. Co. also provides services to supplement its banking business including fiduciary and wealth management services, investment and brokerage services, investment consulting, and other financial services. In addition, Co. provides wealth management, investment, and foreign currency services. For businesses, Co. provides treasury management, merchant, health savings, and capital markets services as well as community development lending and equity investment solutions. We show 57 historical shares outstanding datapoints in our ONB shares outstanding history coverage, used to compute ONB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ONB market cap history over the course of time is important for investors
interested in comparing ONB's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ONB versus a peer is one thing; comparing
ONB market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ONB can fluctuate over the course of history.
With this page we aim to empower investors researching ONB by allowing them to research the ONB market cap history. |
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Video: The Importance of Market Cap
