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

Company Overview

Old National Bancorp (NASDAQ: ONB) is a bank holding company headquartered in Evansville, Indiana, operating through its primary subsidiary, Old National Bank. As a full-service financial institution, the company offers a comprehensive suite of products and services, including commercial and consumer banking, mortgage lending, treasury management, and wealth management. Old National also provides insurance solutions through its subsidiary, ONB Insurance Services, covering life, health, property, and casualty needs for individuals and businesses.

Founded in 1834 as a state-chartered bank in Evansville, Old National has grown to become one of the oldest and most established regional banking organizations in the Midwest. Over the years, the company has pursued a strategy of strategic acquisitions and organic growth, extending its footprint across multiple states. Notable transactions include the merger with First Midwest Bancorp in 2021, which significantly expanded Old National’s presence and customer base, particularly in the Chicago metropolitan area.

Today, Old National Bancorp serves clients across Indiana, Michigan, Wisconsin, Illinois, and Minnesota, catering to a diverse mix of individuals, small businesses, and large corporations. Its commercial banking division provides tailored lending, deposit, and cash-management solutions, while its consumer division delivers personalized checking and savings accounts, home equity lines of credit, and specialized mortgage products. Wealth management services encompass financial planning, trust administration, and investment advisory, supporting clients at every stage of life.

Leadership at Old National Bancorp is headed by President and Chief Executive Officer James R. Ryan, who oversees a management team with deep industry experience and a commitment to customer-centric banking. The company’s board of directors comprises seasoned professionals from various sectors, guiding corporate governance and strategic direction. With a focus on community engagement, digital innovation, and prudent risk management, Old National Bancorp continues to pursue sustainable growth while maintaining strong local ties throughout its service region.

Key Stats

• Today's Range: $22.74 to $23.10
• 50-Day Range: $20.32 to $23.47
• 52-Week Range: $16.83 to $24.49
• Volume: 5.35 million shs
• Average Volume: 2.81 million shs
• Market Capitalization: $7.32 billion
• P/E Ratio: 13.30
• Dividend Yield: 2.45%
• Price Target: $26.30
• Consensus Rating: Moderate Buy

Old National Bancorp Stock Analysis - MarketRank™

Old National Bancorp scored higher than 99% of companies evaluated by MarketBeat, and ranked 23rd out of 915 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: 3.4 / 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 13.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Old National Bancorp is 13.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.16.

Price to Book Value per Share Ratio

Old National Bancorp has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.16% of the float of Old National Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Old National Bancorp has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Old National Bancorp has recently decreased by 10.70%, indicating that investor sentiment is improving significantly.

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 32.56%. 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

5.16% of the float of Old National Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Old National Bancorp has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Old National Bancorp has recently decreased by 10.70%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.13

News Sentiment

Old National Bancorp has a news sentiment score of 1.13. 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 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Old National Bancorp this week, compared to 7 articles on an average week.

Search Interest

4 people have searched for ONB on MarketBeat in the last 30 days. This is an increase of 300% 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 5.4% and is now trading at $22.88.

How were Old National Bancorp's earnings last quarter?

Old National Bancorp (NASDAQ:ONB) released its quarterly earnings results on Tuesday, April, 22nd. The bank reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The bank earned $486.87 million during the quarter, compared to analyst estimates of $478.37 million. Old National Bancorp had a net margin of 18.74% and a trailing twelve-month return on equity of 9.98%.
Read the conference call transcript.

Who are Old National Bancorp's major shareholders?

Old National Bancorp's top institutional investors include Oliver Luxxe Assets LLC (0.03%), Wesbanco Bank Inc. (0.03%), TBH Global Asset Management LLC (0.01%) and State of Alaska Department of Revenue (0.01%). 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

• Last Earnings: 4/22/2025
• Record date for 6/16 Dividend: 6/05/2025
• Ex-Dividend for 6/16 Dividend: 6/05/2025
• Dividend Payable: 6/16/2025
• Today: 7/19/2025
• Next Earnings (Estimated): 7/22/2025
• 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: $26.30
• High Price Target: $28.00
• Low Price Target: $23.00
• Potential Upside/Downside: +14.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.72
• Trailing P/E Ratio: 13.30
• Forward P/E Ratio: 11.00
• P/E Growth: N/A
• Net Income: $539.19 million
• Net Margins: 18.74%
• Pretax Margin: 23.59%
• Return on Equity: 9.98%
• Return on Assets: 1.14%

Debt

• Debt-to-Equity Ratio: 0.82
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $2.96 billion
• Price / Sales: 2.47
• Cash Flow: $2.00 per share
• Price / Cash Flow: 11.42
• Book Value: $19.16 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 319,750,000
• Free Float: 316,964,000
• Market Cap: $7.32 billion
• Optionable: Optionable
• Beta: 0.85