NASDAQ:ONB

Old National Bancorp - ONB Stock Forecast, Price & News

$18.00

-0.17 (-0.94%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: $17.89
▼
$18.13
50-Day Range: $14.29
▼
$18.36
52-Week Range: $14.22
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$20.81

Volume: 2.21 million shs
Average Volume: 2.79 million shs
Market Capitalization: $5.27 billion

P/E Ratio: 17.65
Dividend Yield: 3.08%
Price Target: $20.75

Old National Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 15.3% Upside
$20.75 Price Target
Short Interest: Bearish
3.32% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.58
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.04%
From $1.88 to $2.05 Per Share

Overall MarketRank^™

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

2.37 out of 5 stars

Finance Sector

492nd out of 896 stocks

National Commercial Banks Industry

53rd out of 88 stocks

2.4

Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of 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 $20.75, Old National Bancorp has a forecasted upside of 15.3% from its current price of $18.00.
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
3.32% 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 4.7.
Change versus previous month
Short interest in Old National Bancorp has recently increased by 2.10%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Old National Bancorp pays a meaningful dividend of 3.08%, 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 54.90%. 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 27.32% 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 0.58. 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 0.80 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Old National Bancorp this week, compared to 2 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 0% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Old National Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 0.70% of the stock of Old National Bancorp is held by insiders.
Percentage Held by Institutions
78.66% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Old National Bancorp are expected to grow by 9.04% in the coming year, from $1.88 to $2.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 17.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 17.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 208.94.
Price to Book Value per Share Ratio
Old National Bancorp has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued 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, 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, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

Wall Street Analyst Weigh In

Several research firms recently commented on ONB. Piper Sandler raised their target price on Old National Bancorp to $21.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. StockNews.com raised Old National Bancorp from a "sell" rating to a "hold" rating in a research note on Wednesday, July 13th. Stephens raised shares of Old National Bancorp from an "equal weight" rating to an "overweight" rating and set a $19.00 price target for the company in a research report on Friday, May 13th. Finally, TheStreet lowered shares of Old National Bancorp from a "b" rating to a "c+" rating in a research note on Friday, May 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.75.

Old National Bancorp Stock Down 0.8 %

Shares of NASDAQ:ONB traded down $0.14 during trading on Friday, hitting $18.03. The stock had a trading volume of 19,413 shares, compared to its average volume of 1,508,255. The firm has a fifty day moving average of $15.94 and a two-hundred day moving average of $16.38. The company has a market capitalization of $5.28 billion, a PE ratio of 17.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.83 and a quick ratio of 0.83. Old National Bancorp has a 12 month low of $14.22 and a 12 month high of $20.81.

Old National Bancorp (NASDAQ:ONB - Get Rating) last released its earnings results on Tuesday, July 26th. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.07. Old National Bancorp had a return on equity of 9.13% and a net margin of 18.42%. During the same period last year, the firm earned $0.41 earnings per share. As a group, equities research analysts forecast that Old National Bancorp will post 1.88 EPS for the current fiscal year.

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ONB Stock News Headlines

August 16, 2022 | finance.yahoo.com

Brent Tischler joins Old National Bank executive leadership team as Community Banking CEO

July 31, 2022 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Given New $21.00 Price Target at Piper Sandler

July 30, 2022 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Receives $20.50 Average Target Price from Analysts

July 28, 2022 | seekingalpha.com

Old National Bancorp (ONB) CEO Jim Ryan on Q2 2022 Results - Earnings Call Transcript

July 26, 2022 | finance.yahoo.com

Old National's Strong 2nd Quarter Driven by Robust Commercial Loan Growth and Net Interest Margin Expansion

July 26, 2022 | finance.yahoo.com

Old National's Strong 2nd Quarter Driven by Robust Commercial Loan Growth and Net Interest Margin Expansion

July 25, 2022 | finance.yahoo.com

German American Bancorp (GABC) Tops Q2 Earnings and Revenue Estimates

July 23, 2022 | nasdaq.com

Old National Bancorp's (NASDAQ:ONB) three-year decline in earnings translates into losses for shareholders

July 21, 2022 | msn.com

'It's insanity' – Customers complain of issues after Chicago-area bank merger

July 19, 2022 | finance.yahoo.com

Earnings Preview: Old National Bancorp (ONB) Q2 Earnings Expected to Decline

July 14, 2022 | msn.com

Joliet Says Goodbye First Midwest Hello Old National Bank

July 11, 2022 | finance.yahoo.com

Wall Street Analysts Think Old National Bancorp (ONB) Could Surge 32%: Read This Before Placing a Bet

July 11, 2022 | finance.yahoo.com

Old National Bancorp Announces Schedule for Second-Quarter 2022 Earnings Release and Conference Call

July 9, 2022 | finance.yahoo.com

Old National Bancorp (NASDAQ:ONB) shareholders have endured a 9.3% loss from investing in the stock a year ago

June 28, 2022 | finance.yahoo.com

UMB Bank to buy $500M HSA business from Indiana-based Old National Bank

June 28, 2022 | finance.yahoo.com

UMB Bank makes deal to buy $500M HSA business from Old National — likely for tens of millions of dollars

June 27, 2022 | apnews.com

UMB Healthcare Services Announces Agreement to Acquire HSA Business from Old National Bank

June 27, 2022 | seekingalpha.com

UMB Financial to acquire Old National's health savings account business

June 17, 2022 | finance.yahoo.com

Down 7% in 4 Weeks, Here's Why You Should You Buy the Dip in Old National Bancorp (ONB)

June 10, 2022 | nasdaq.com

Will Insiders Be Tempted To Buy More ONB At The New 52-Week Low?

June 8, 2022 | finance.yahoo.com

How Many Old National Bancorp (NASDAQ:ONB) Shares Do Institutions Own?

June 8, 2022 | seekingalpha.com

Old National Bancorp: Old But May Become Gold

June 8, 2022 | seekingalpha.com

Old National Bancorp: Old But May Become Gold

June 1, 2022 | bizjournals.com

Alerus hires Old National Bank executive for new C-suite position in Twin Cities

May 18, 2022 | finance.yahoo.com

Old National Bancorp Announces Quarterly Dividends

See More Headlines

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ONB Company Calendar

Ex-Dividend for 6/15 Dividend: 5/31/2022
Dividend Payable: 6/15/2022
Last Earnings: 7/26/2022
Today: 8/19/2022
Ex-Dividend for 9/15 Dividend: 8/31/2022
Dividend Payable: 9/15/2022
Next Earnings (Estimated): 10/18/2022
Fiscal Year End: 12/31/2022

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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: 2,374
Year Founded: 1841

Price Target and Rating

Average Stock Price Forecast: $20.75
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +15.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.02
Trailing P/E Ratio: 17.65
Forward P/E Ratio: 9.57
P/E Growth: N/A
Net Income: $277.54 million
Net Margins: 18.42%
Pretax Margin: 22.35%
Return on Equity: 9.13%
Return on Assets: 1.04%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 0.83
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $852.87 million
Price / Sales: 6.18
Cash Flow: $1.98 per share
Price / Cash Flow: 9.10
Book Value: $16.55 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 292,893,000
Free Float: 290,843,000
Market Cap: $5.27 billion
Optionable: Optionable
Beta: 0.86

Social Links

Key Executives

Mr. James C. Ryan III (Age 50)
CEO & Director
Comp: $2.42M

Mr. Brendon B. Falconer (Age 45)
Chief Financial Officer
Comp: $1.01M

Ms. Kendra L. Vanzo (Age 55)
Chief Admin. Officer
Comp: $764.65k

Mr. Jeffrey L. Knight (Age 62)
Chief Gov. Relations Officer
Comp: $768.18k

Mr. James A. Sandgren (Age 55)
Chief Exec. Officer of Commercial Banking
Comp: $1.36M

Mr. Michael L. Scudder (Age 61)
Exec. Chairman

Mr. Mark G. Sander (Age 63)
Pres & COO

Mr. Jeff C. Newcom (Age 49)
Chief Operations Officer

Mr. Michael W. Woods (Age 54)
Sr. VP, Principal Accounting Officer & Corp. Controller

Mr. Paul S. Kilroy (Age 49)
Chief Information Officer

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?: 4 Wall Street 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 research analysts is that investors should "buy" ONB shares.
View ONB analyst ratings or view top-rated stocks.
What is Old National Bancorp's stock price forecast for 2022?: 4 brokerages have issued 12 month price objectives for Old National Bancorp's shares. Their ONB share price forecasts range from $19.00 to $22.00. On average, they anticipate the company's stock price to reach $20.75 in the next year. This suggests a possible upside of 15.3% 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 2022?: Old National Bancorp's stock was trading at $18.12 at the beginning of the year. Since then, ONB stock has decreased by 0.7% and is now trading at $18.00.
View the best growth stocks for 2022 here.
When is Old National Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our ONB earnings forecast.
How were Old National Bancorp's earnings last quarter?: Old National Bancorp (NASDAQ:ONB) announced its quarterly earnings data on Tuesday, July, 26th. The bank reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.07. Old National Bancorp had a net margin of 18.42% and a trailing twelve-month return on equity of 9.13%. During the same quarter in the previous year, the business posted $0.41 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 Friday, August 19th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.14 per share on Thursday, September 15th. This represents a $0.56 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, August 31st.
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 3.08%. The dividend payout ratio is 54.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 27.32% 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."
Who are Old National Bancorp's major shareholders?: Old National Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (4.72%), Macquarie Group Ltd. (1.78%), Pzena Investment Management LLC (1.52%), Northern Trust Corp (1.36%), Millennium Management LLC (1.18%) and JPMorgan Chase & Co. (1.13%). Insiders that own company stock include Austin M Ramirez, Brendon B Falconer, Daniel S Hermann, James A Sandgren, James C Ryan III, Mark G Sander, Michael L Scudder and Ryan C Kitchell.
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.
What is Old National Bancorp's stock price today?: One share of ONB stock can currently be purchased for approximately $18.00.
How much money does Old National Bancorp make?: Old National Bancorp (NASDAQ:ONB) has a market capitalization of $5.27 billion and generates $852.87 million in revenue each year. The bank earns $277.54 million in net income (profit) each year or $1.02 on an earnings per share basis.
How many employees does Old National Bancorp have?: The company employs 2,374 workers across the globe.
When was Old National Bancorp founded?: Old National Bancorp was founded in 1841.
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 8/19/2022 by MarketBeat.com Staff

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Old National Bancorp - ONB Stock Forecast, Price & News

Old National Bancorp MarketRank™ Forecast

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