Should I buy or sell Old National Bancorp stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last twelve months. There are currently 1 hold rating and 3 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 target for 2024?

4 brokers have issued 1 year price targets for Old National Bancorp's shares. Their ONB share price targets range from $15.50 to $19.00. On average, they expect the company's share price to reach $16.90 in the next twelve months. This suggests a possible upside of 14.0% 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 on January 1st, 2023. Since then, ONB stock has decreased by 17.6% and is now trading at $14.82. 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, January 23rd 2024. View our ONB earnings forecast .

How were Old National Bancorp's earnings last quarter?

Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings data on Tuesday, October, 24th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The bank had revenue of $461.86 million for the quarter, compared to analyst estimates of $451.40 million. Old National Bancorp had a net margin of 26.29% and a trailing twelve-month return on equity of 12.89%.

How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?

Old National Bancorp announced a quarterly dividend on Wednesday, November 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.14 per share on Friday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 30th. Read our dividend analysis for ONB .

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 3.86%. The dividend payout ratio is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 30.43% next year. This indicates that the company will be able to sustain or increase its dividend. 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) .

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) .

Who are Old National Bancorp's major shareholders?

Old National Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (7.24%), Pzena Investment Management LLC (1.31%), Channing Capital Management LLC (1.27%), Northern Trust Corp (1.23%), Bank of New York Mellon Corp (1.16%) and Charles Schwab Investment Management Inc. (1.07%). Insiders that own company stock include Austin M Ramirez , Brendon B Falconer , James A Sandgren , James C Ryan III , John V Moran , Kathryn Hayley, Mark G Sander , Michael L Scudder , Ryan C Kitchell and Thomas Lynn Brown. 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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

$14.82

+0.26 (+1.79%)

(As of 11/29/2023 ET)

Compare

Today's Range: $14.68
▼
$14.95
50-Day Range: $13.34
▼
$15.12
52-Week Range: $11.66
▼
$19.38

Volume: 1.87 million shs
Average Volume: 2.04 million shs
Market Capitalization: $4.34 billion

P/E Ratio: 6.83
Dividend Yield: 3.78%
Price Target: $16.90

Old National Bancorp MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 14.0% Upside
$16.90 Price Target
Short Interest: Healthy
2.76% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: -0.04
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -11.11%
From $2.07 to $1.84 Per Share

Overall MarketRank^™

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

2.39 out of 5 stars

Finance Sector

326th out of 842 stocks

National Commercial Banks Industry

41st out of 80 stocks

2.4

Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.90, Old National Bancorp has a forecasted upside of 14.0% from its current price of $14.82.
Amount of Analyst Coverage
Old National Bancorp has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.76% 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 4.6.
Change versus previous month
Short interest in Old National Bancorp has recently decreased by 3.35%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Old National Bancorp is a leading dividend payer. It pays a dividend yield of 3.86%, 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 25.81%. 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 30.43% 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.

1.6

News and Social Media Coverage

News Sentiment
Old National Bancorp has a news sentiment score of -0.04. 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 lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Old National Bancorp this week, compared to 5 articles on an average week.
MarketBeat Follows
5 people have added Old National Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

1.7

Company Ownership

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 0.89% 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 -11.11% in the coming year, from $2.07 to $1.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 6.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 6.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.50.
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 Stock (NASDAQ:ONB)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ONB Stock News Headlines

November 28, 2023 | msn.com

Daily Briefing: Digging deeper into the Old National Bank documents

November 26, 2023 | msn.com

Daily Briefing: The end of the Old National Bank investigation

November 29, 2023 | Autonomix (Ad)

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November 26, 2023 | finance.yahoo.com

Should You Buy Old National Bancorp (NASDAQ:ONB) For Its Upcoming Dividend?

November 26, 2023 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Receives Average Rating of "Moderate Buy" from Analysts

November 23, 2023 | msn.com

Attorneys of Old National Bank victims say lawsuit against gun manufacturer is 'strong possibility'

November 22, 2023 | msn.com

Louisville bank shooter wanted to massacre 'upper-class white people' to highlight lax gun laws: journal

November 22, 2023 | msn.com

Louisville bank shooter who killed 5 wanted to highlight US gun laws, police report shows

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 22, 2023 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Lowered to "Sell" at StockNews.com

November 21, 2023 | msn.com

LMPD closes investigation into Old National Bank shooting. Here are the findings

November 21, 2023 | msn.com

Troubleshooters: LMPD releases investigative file into Old National Bank mass shooting

November 21, 2023 | msn.com

Old National Bank mass shooting investigation closed; LMPD releases findings

November 13, 2023 | markets.businessinsider.com

Old National Bank Earns 2024 Military Friendly® Employer Designation

November 13, 2023 | finance.yahoo.com

Old National Bank Earns 2024 Military Friendly® Employer Designation

November 4, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Old National Bancorp (NASDAQ:ONB) Passed With Ease

November 3, 2023 | msn.com

Kentucky Wesleyan College diversity office receives donation from Old National Bank

October 31, 2023 | msn.com

Victim's families, survivors of Old National Bank shooting consider suing gun company

October 31, 2023 | msn.com

Victim's families, survivors of Old National shooting potentially filing lawsuit against gun company

October 30, 2023 | msn.com

Attorney: Victims of mass shooting at Louisville bank plan to sue rifle manufacturer

October 30, 2023 | msn.com

Victims, families of Old National Bank shooting to sue Radical Firearms

October 30, 2023 | news.yahoo.com

Old National Bank shooting victims, families to file suit against gun manufacturer

October 30, 2023 | bizjournals.com

Old National Bancorp to acquire CapStar Financial Holdings in deal valued at $334M

October 27, 2023 | msn.com

Old National Bank vs. Happy Money: Which offers better personal loans?

October 27, 2023 | markets.businessinsider.com

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

October 27, 2023 | msn.com

Old National-CapStar Deal Could Prove Positive for 'Battered' Banking Stocks, UBS Says

October 27, 2023 | msn.com

In the Kentucky governor’s race, the gun policy debate is both personal and political

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Last Earnings: 10/24/2023
Today: 11/29/2023
Ex-Dividend for 12/15 Dividend: 11/30/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/23/2024

Get Stock Alerts

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 Target: $16.90
High Stock Price Target: $19.00
Low Stock Price Target: $15.50
Potential Upside/Downside: +14.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.17
Trailing P/E Ratio: 6.83
Forward P/E Ratio: 7.16
P/E Growth: N/A
Net Income: $428.29 million
Net Margins: 26.29%
Pretax Margin: 34.15%
Return on Equity: 12.89%
Return on Assets: 1.34%

Debt

Debt-to-Equity Ratio: 1.05
Current Ratio: 0.90
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $1.85 billion
Price / Sales: 2.34
Cash Flow: $2.01 per share
Price / Cash Flow: 7.39
Book Value: $17.12 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 292,620,000
Free Float: 290,017,000
Market Cap: $4.34 billion
Optionable: Optionable
Beta: 0.87

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Key Executives

Mr. Michael L. Scudder (Age 62)
Executive Chairman
Comp: $3.58M
Mr. James C. Ryan III (Age 51)
CEO & Director
Comp: $3.92M
Mr. Mark G. Sander (Age 64)
President & COO
Comp: $2.03M
Mr. Brendon B. Falconer (Age 47)
Chief Financial Officer
Comp: $1.43M
Ms. Kendra L. Vanzo (Age 56)
Chief Administrative Officer
Comp: $999.04k
Mr. James A. Sandgren (Age 56)
Chief Executive Officer of Commercial Banking
Comp: $1.69M
Mr. Jeff C. Newcom (Age 50)
Chief Operations Officer
Ms. Angela L. Putnam (Age 44)
Senior VP & Chief Accounting Officer
Mr. Paul S. Kilroy (Age 50)
Chief Information Officer
Ms. Lynell J. Walton CPA
Senior VP & Director of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ONB Stock Analysis - Frequently Asked Questions

Should I buy or sell Old National Bancorp stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last twelve months. There are currently 1 hold rating and 3 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 target for 2024?: 4 brokers have issued 1 year price targets for Old National Bancorp's shares. Their ONB share price targets range from $15.50 to $19.00. On average, they expect the company's share price to reach $16.90 in the next twelve months. This suggests a possible upside of 14.0% 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 on January 1st, 2023. Since then, ONB stock has decreased by 17.6% and is now trading at $14.82.
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, January 23rd 2024.
View our ONB earnings forecast.
How were Old National Bancorp's earnings last quarter?: Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings data on Tuesday, October, 24th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The bank had revenue of $461.86 million for the quarter, compared to analyst estimates of $451.40 million. Old National Bancorp had a net margin of 26.29% and a trailing twelve-month return on equity of 12.89%.
How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?: Old National Bancorp announced a quarterly dividend on Wednesday, November 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.14 per share on Friday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for ONB.

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 3.86%. The dividend payout ratio is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 30.43% next year. This indicates that the company will be able to sustain or increase its dividend.
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).
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).
Who are Old National Bancorp's major shareholders?: Old National Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (7.24%), Pzena Investment Management LLC (1.31%), Channing Capital Management LLC (1.27%), Northern Trust Corp (1.23%), Bank of New York Mellon Corp (1.16%) and Charles Schwab Investment Management Inc. (1.07%). Insiders that own company stock include Austin M Ramirez, Brendon B Falconer, James A Sandgren, James C Ryan III, John V Moran, Kathryn Hayley, Mark G Sander, Michael L Scudder, Ryan C Kitchell and Thomas Lynn Brown.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ONB) was last updated on 11/29/2023 by MarketBeat.com Staff

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

Old National Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Old National Bancorp Stock (NASDAQ:ONB)

ONB Stock Price History

ONB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ONB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™