NASDAQ:ONB

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

$14.54

+0.05 (+0.35%)

(As of 09/29/2023 ET)

Compare

Today's Range: $14.48
▼
$14.76
50-Day Range: $14.33
▼
$17.36
52-Week Range: $11.66
▼
$20.19

Volume: 1.81 million shs
Average Volume: 1.52 million shs
Market Capitalization: $4.25 billion

P/E Ratio: 6.76
Dividend Yield: 3.85%
Price Target: $18.38

Old National Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 26.4% Upside
$18.38 Price Target
Short Interest: Bearish
3.44% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.67
Based on 8 Articles This Week
Insider Trading: Selling Shares
$840,500 Sold Last Quarter
Proj. Earnings Growth: -11.22%
From $2.05 to $1.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Finance Sector

242nd out of 878 stocks

National Commercial Banks Industry

38th out of 87 stocks

3.3

Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.38, Old National Bancorp has a forecasted upside of 26.4% from its current price of $14.54.
Amount of Analyst Coverage
Old National Bancorp has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.44% 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 5.3.
Change versus previous month
Short interest in Old National Bancorp has recently increased by 5.78%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Old National Bancorp is a leading dividend payer. It pays a dividend yield of 3.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
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 26.05%. 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 30.77% next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Old National Bancorp has received a 38.58% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Consumer savings accounts provided by brick and mortar banks", "Commercial deposit accounts", "Cash withdrawal services", "Installment loans for corporations", "Consumer transaction accounts provided by brick and mortar banks", and "Home improvement financing" products. See details.
Environmental Sustainability
The Environmental Impact score for Old National Bancorp is -0.45.

2.0

News and Social Media Coverage

News Sentiment
Old National Bancorp has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Old National Bancorp this week, compared to 5 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Old National Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $840,500.00 in company stock.
Percentage Held by Insiders
Only 0.89% of the stock of Old National Bancorp is held by insiders.
Percentage Held by Institutions
81.53% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Old National Bancorp are expected to decrease by -11.22% in the coming year, from $2.05 to $1.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 6.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 6.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 69.77.
Price to Book Value per Share Ratio
Old National Bancorp has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Old National Bancorp (NASDAQ:ONB) Stock

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, agricultural 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, and capital markets services, as well as community development lending and equity investment solutions. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

ONB Price History

30 days | 90 days | 365 days | Advanced Chart

ONB Stock News Headlines

September 27, 2023 | msn.com

'Chaos from then on.' 911 call taker recounts role in bank shooting response

September 25, 2023 | msn.com

Elizabethtown nonprofit donates $8,000 to Officer Wilt

September 30, 2023 | Behind the Markets (Ad)

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September 24, 2023 | msn.com

Motorcycle ride raises money for officer injured during mass shooting at Old National Bank

September 23, 2023 | msn.com

Motorcycle benefit raises money for Officer Nick Wilt

September 20, 2023 | msn.com

Old National Bank celebrates Better Together Days

September 15, 2023 | msn.com

Louisville first responders recount Old National Bank mass shooting while being honored for their efforts

September 13, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Old National Bancorp Capital (ONB)

September 30, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

September 4, 2023 | bizjournals.com

What is a wealth transfer vehicle, and which one is best for you?

August 31, 2023 | finance.yahoo.com

Old National Bancorp (NASDAQ:ONB) is largely controlled by institutional shareholders who own 84% of the company

August 30, 2023 | theglobeandmail.com

The Fed is Still Trying to Prevent the Next Silicon Valley Bank

August 29, 2023 | news.yahoo.com

Gun violence is an undeniable issue for Louisville. When will we do something? | Editorial

August 15, 2023 | wfft.com

The 'Be A Tourist In Your Hometown' event coming in September

August 15, 2023 | msn.com

Moody's Downgrades 10 Banks: Here's What Investors Need to Know

August 10, 2023 | msn.com

26-year-old man indicted, charged in connection to shooting that left 1 dead at JCTC

August 6, 2023 | msn.com

'Wilt Week' raises $170K for LMPD officer injured in deadly Louisville bank shooting

August 6, 2023 | msn.com

Victim of Old National Bank shooting honored for her service

August 5, 2023 | msn.com

Alzheimer’s Association honors ONB mass shooting victim Deana Eckert

July 30, 2023 | seekingalpha.com

Old National Bancorp 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | msn.com

Officer injured in Old National Bank shooting returning home

July 28, 2023 | cnn.com

The officer shot in the head during a Louisville bank shooting is going home after 109 days in the hospital

July 28, 2023 | cnn.com

Officer shot in head during Louisville bank attack will be released from a hospital, police say

July 28, 2023 | msn.com

Finally going home: Officer injured in Louisville bank shooting to be discharged from rehab facility

July 28, 2023 | bizjournals.com

Old National Bank names market president of commercial banking

July 27, 2023 | msn.com

Stephens & Co. Maintains Old National Bancorp (ONB) Overweight Recommendation

July 27, 2023 | finance.yahoo.com

Q2 2023 Old National Bancorp Earnings Call

See More Headlines

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ONB Company Calendar

Last Earnings: 7/25/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/30/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:ONB
CUSIP: 68003310
CIK: 707179
Web: www.oldnational.com
Phone: (800) 731-2265
Fax: 812-464-1567
Employees: 3,967
Year Founded: 1841

Price Target and Rating

Average Stock Price Forecast: $18.38
High Stock Price Forecast: $21.00
Low Stock Price Forecast: $15.50
Forecasted Upside/Downside: +26.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.15
Trailing P/E Ratio: 6.76
Forward P/E Ratio: 7.09
P/E Growth: N/A
Net Income: $428.29 million
Net Margins: 27.90%
Pretax Margin: 36.11%
Return on Equity: 13.04%
Return on Assets: 1.36%

Debt

Debt-to-Equity Ratio: 1.10
Current Ratio: 0.90
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $1.93 billion
Price / Sales: 2.21
Cash Flow: $1.97 per share
Price / Cash Flow: 7.38
Book Value: $16.72 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 292,597,000
Free Float: 289,993,000
Market Cap: $4.25 billion
Optionable: Optionable
Beta: 0.87

Social Links

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Key Executives

Mr. Michael L. Scudder (Age 62)
Exec. Chairman
Comp: $3.58M

Mr. James C. Ryan III (Age 51)
CEO & Director
Comp: $3.92M

Mr. Mark G. Sander (Age 64)
Pres & COO
Comp: $2.03M

Mr. Brendon B. Falconer (Age 47)
Chief Financial Officer
Comp: $1.43M

Ms. Kendra L. Vanzo (Age 56)
Chief Admin. Officer
Comp: $999.04k

Mr. James A. Sandgren (Age 56)
Chief Exec. Officer of Commercial Banking
Comp: $1.69M

Mr. Jeff C. Newcom (Age 50)
Chief Operations Officer

Ms. Angela L. Putnam (Age 44)
Sr. VP & Chief Accounting Officer

Mr. Paul S. Kilroy (Age 50)
Chief Information Officer

Ms. Lynell J. Walton CPA
Sr. VP & Director of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ONB Stock - Frequently Asked Questions

Should I buy or sell Old National Bancorp stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ONB shares.
View ONB analyst ratings or view top-rated stocks.
What is Old National Bancorp's stock price forecast for 2023?: 3 Wall Street analysts have issued 12 month price targets for Old National Bancorp's stock. Their ONB share price forecasts range from $15.50 to $21.00. On average, they expect the company's stock price to reach $18.38 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for ONB or view top-rated stocks among Wall Street analysts.
How have ONB shares performed in 2023?: Old National Bancorp's stock was trading at $17.98 at the beginning of the year. Since then, ONB stock has decreased by 19.1% and is now trading at $14.54.
View the best growth stocks for 2023 here.
When is Old National Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our ONB earnings forecast.
How were Old National Bancorp's earnings last quarter?: Old National Bancorp (NASDAQ:ONB) posted its quarterly earnings results on Tuesday, July, 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. The bank earned $626.53 million during the quarter, compared to analyst estimates of $447.53 million. Old National Bancorp had a net margin of 27.90% and a trailing twelve-month return on equity of 13.04%. During the same quarter last year, the firm posted $0.46 EPS.
How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?: Old National Bancorp declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.14 per share on Friday, September 15th. This represents a $0.56 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for ONB.
What ETFs hold Old National Bancorp's stock?: ETFs with the largest weight of Old National Bancorp (NASDAQ:ONB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Invesco S&P MidCap Low Volatility ETF (XMLV), JPMorgan Active Small Cap Value ETF (JPSV), First Trust Nasdaq Bank ETF (FTXO), Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust RBA American Industrial Renaissance ETF (AIRR).
Is Old National Bancorp a good dividend stock?: Old National Bancorp (NASDAQ:ONB) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.91%. The dividend payout ratio is 26.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 30.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ONB.

What is Jim Ryan's approval rating as Old National Bancorp's CEO?: 13 employees have rated Old National Bancorp Chief Executive Officer Jim Ryan on Glassdoor.com. Jim Ryan has an approval rating of 80% among the company's employees.
What other stocks do shareholders of Old National Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Old National Bancorp investors own include Western Refining Inc. Western R (WNR), Energy Transfer (ET), General Electric (GE), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Ford Motor (F), Intel (INTC), KeyCorp (KEY), Altria Group (MO) and Broadcom (AVGO).
What is Old National Bancorp's stock symbol?: Old National Bancorp trades on the NASDAQ under the ticker symbol "ONB."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Old National Bancorp's stock price today?: One share of ONB stock can currently be purchased for approximately $14.54.
How much money does Old National Bancorp make?: Old National Bancorp (NASDAQ:ONB) has a market capitalization of $4.25 billion and generates $1.93 billion in revenue each year. The bank earns $428.29 million in net income (profit) each year or $2.15 on an earnings per share basis.
How many employees does Old National Bancorp have?: The company employs 3,967 workers across the globe.
How can I contact Old National Bancorp?: Old National Bancorp's mailing address is ONE MAIN ST, EVANSVILLE IN, 47708. The official website for the company is www.oldnational.com. The bank can be reached via phone at (800) 731-2265, via email at lynell.walton@oldnational.com, or via fax at 812-464-1567.

This page (NASDAQ:ONB) was last updated on 9/30/2023 by MarketBeat.com Staff

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