Old National Bancorp (ONB) Stock Price, News & Analysis

Company Overview

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions. The company’s wealth management division offers investment advisory, trust, and fiduciary services, while its insurance group provides property, casualty, and life insurance products. These complementary services are designed to deepen customer relationships and provide a one-stop solution for a variety of financial needs.

Founded in 1834 as Evansville National Bank, Old National Bancorp has grown through a combination of organic expansion and strategic acquisitions. Today, it serves customers across multiple Midwestern states, including Indiana, Illinois, Kentucky, Michigan, Minnesota, and Wisconsin. The bank’s longstanding presence in these communities is supported by a focus on local decision-making and relationship-driven banking, underscoring its commitment to serving the economic needs of the region.

Old National Bancorp operates under a community-oriented philosophy, emphasizing personalized service and local leadership. By leveraging a decentralized structure, the company empowers its banking teams to respond quickly to market dynamics and customer requirements. This approach, along with a diversified suite of financial products, has allowed Old National Bancorp to maintain steady growth while supporting the development of the communities it serves.

Key Stats

• Today's Range: $22.71 to $23.17
• 50-Day Range: $20.40 to $23.47
• 52-Week Range: $16.83 to $24.49
• Volume: 1.97 million shs
• Average Volume: 3.18 million shs
• Market Capitalization: $9.08 billion
• P/E Ratio: 13.71
• Dividend Yield: 2.42%
• Price Target: $26.40
• Consensus Rating: Moderate Buy

Old National Bancorp Stock Analysis - MarketRank™

Old National Bancorp scored higher than 92% of companies evaluated by MarketBeat, and ranked 141st out of 927 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Old National Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Old National Bancorp has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 25.00%

Earnings Growth

Earnings for Old National Bancorp are expected to grow by 25.00% in the coming year, from $2.08 to $2.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Old National Bancorp is 13.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 271.94.

Price to Earnings Ratio vs. Sector

The P/E ratio of Old National Bancorp is 13.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 230.67.

Price to Book Value per Share Ratio

Old National Bancorp has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.26% of the outstanding shares of Old National Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Old National Bancorp has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Old National Bancorp has recently increased by 4.57%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Old National Bancorp pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Old National Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Old National Bancorp is 33.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Old National Bancorp will have a dividend payout ratio of 21.54% next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -0.45

Percentage of Shares Shorted

4.26% of the outstanding shares of Old National Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Old National Bancorp has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Old National Bancorp has recently increased by 4.57%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.46

News Sentiment

Old National Bancorp has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.96 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Old National Bancorp this week, compared to 8 articles on an average week.

Search Interest

Only 3 people have searched for ONB on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Old National Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.87% of the stock of Old National Bancorp is held by insiders.

Percentage Held by Institutions

83.66% of the stock of Old National Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ONB Stock Analysis - Frequently Asked Questions

How have ONB shares performed this year?

Old National Bancorp's stock was trading at $21.70 on January 1st, 2025. Since then, ONB stock has increased by 6.8% and is now trading at $23.17.

How were Old National Bancorp's earnings last quarter?

Old National Bancorp (NASDAQ:ONB) released its earnings results on Tuesday, July, 22nd. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The bank had revenue of $633.41 million for the quarter, compared to the consensus estimate of $622.83 million. Old National Bancorp had a trailing twelve-month return on equity of 9.92% and a net margin of 17.67%.
Read the conference call transcript.

Who are Old National Bancorp's major shareholders?

Top institutional shareholders of Old National Bancorp include OLD National Bancorp IN (14.02%), State Street Corp (4.03%), American Century Companies Inc. (3.22%) and Geode Capital Management LLC (2.25%). Insiders that own company stock include James C Ryan III, James A Sandgren, Michael L Scudder, Kendra L Vanzo, Brendon B Falconer, Ellen A Rudnick, Chady M Alahmar and John V Moran.
View institutional ownership trends.

How do I buy shares of Old National Bancorp?

Shares of ONB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Old National Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Old National Bancorp investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AU Optronics (AUOTY).

Company Calendar

• Record date for 6/16 Dividend: 6/05/2025
• Ex-Dividend for 6/16 Dividend: 6/05/2025
• Dividend Payable: 6/16/2025
• Last Earnings: 7/22/2025
• Today: 9/04/2025
• Record date for 9/15 Dividend: 9/05/2025
• Ex-Dividend for 9/15 Dividend: 9/05/2025
• Dividend Payable: 9/15/2025
• Next Earnings (Estimated): 10/28/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - MIDWEST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:ONB
• CIK: 707179
• Web: www.oldnational.com
• Phone: (800) 731-2265
• Fax: 812-464-1567
• Employees: 4,066
• Year Founded: 1841

Price Target and Rating

• Average Price Target for Old National Bancorp: $26.40
• High Price Target: $28.00
• Low Price Target: $24.00
• Potential Upside/Downside: +15.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.69
• Trailing P/E Ratio: 13.47
• Forward P/E Ratio: 10.95
• P/E Growth: N/A
• Net Income: $539.19 million
• Net Margins: 17.67%
• Pretax Margin: 22.05%
• Return on Equity: 9.92%
• Return on Assets: 1.13%

Debt

• Debt-to-Equity Ratio: 0.85
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $2.10 billion
• Price / Sales: 4.24
• Cash Flow: $2.00 per share
• Price / Cash Flow: 11.41
• Book Value: $20.15 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 391,855,000
• Free Float: 388,446,000
• Market Cap: $8.92 billion
• Optionable: Optionable
• Beta: 0.89