NASDAQ:ONB

Old National Bancorp - ONB Stock Forecast, Price & News

$14.49

+0.03 (+0.21%)

(As of 03/29/2023 12:00 AM ET)

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Today's Range: $14.35
▼
$14.70
50-Day Range: $13.95
▼
$18.16
52-Week Range: $13.69
▼
$20.19

Volume: 1.17 million shs
Average Volume: 2.11 million shs
Market Capitalization: $4.24 billion

P/E Ratio: 10.42
Dividend Yield: 3.86%
Price Target: $20.25

Institutional Ownership

Old National Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 39.8% Upside
$20.25 Price Target
Short Interest: Bearish
2.98% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.83
Based on 6 Articles This Week
Insider Trading: Selling Shares
$1.51 M Sold Last Quarter
Proj. Earnings Growth: -3.70%
From $2.16 to $2.08 Per Share

Overall MarketRank^™

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

2.85 out of 5 stars

Finance Sector

213th out of 892 stocks

National Commercial Banks Industry

32nd out of 86 stocks

3.3

Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.25, Old National Bancorp has a forecasted upside of 39.8% from its current price of $14.49.
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
2.98% 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 4.3.
Change versus previous month
Short interest in Old National Bancorp has recently increased by 11.79%, 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 3.84%, 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 40.29%. 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 26.92% 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.

3.8

News and Social Media Coverage

News Sentiment
Old National Bancorp has a news sentiment score of 0.83. 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 0.58 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 2 articles on an average week.
Search Interest
10 people have searched for ONB on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
MarketBeat Follows
3 people have added Old National Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

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 $1,510,217.00 in company stock.
Percentage Held by Insiders
Only 0.70% of the stock of Old National Bancorp is held by insiders.
Percentage Held by Institutions
76.41% 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 -3.70% in the coming year, from $2.16 to $2.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 10.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 10.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 141.67.
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 a financial holding company. It engages in the provision of financial and banking solutions. The firm's Community Banking segment provides commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust and investment advisory services. The company was founded in 1982 and is headquartered in Evansville, IN.

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ONB Stock News Headlines

March 27, 2023 | thestreet.com

Old Rises On Unusually High Volume (ONB)

March 27, 2023 | finance.yahoo.com

Old National ranked 6th in financial performance of U.S. public banks by S&P Global Market Intelligence

March 29, 2023 | WealthPop (Ad)

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March 25, 2023 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Reaches New 12-Month Low at $14.06

March 20, 2023 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Receives Average Rating of "Hold" from Brokerages

March 19, 2023 | wsj.com

Old National Bancorp Dep. Pfd. (Rep. 1/40th Perp. Pfd. Series A)

March 16, 2023 | cnbc.com

Exclusive: Old National Bank CEO on the SVB fallout's impact on regional banks

March 13, 2023 | finance.yahoo.com

Old National Bank Commits $500,000 to Nonprofits Chosen by the Community

March 29, 2023 | Investor Place Media (Ad)

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March 9, 2023 | finance.yahoo.com

Old National Bank expands into Metro Detroit market

March 9, 2023 | finance.yahoo.com

Old National introduces Empowerment Small Business Loan Program to address systemic inequities in capital access

February 24, 2023 | finance.yahoo.com

Investing in Old National Bancorp (NASDAQ:ONB) three years ago would have delivered you a 25% gain

February 23, 2023 | msn.com

Old National Bancorp: Dividend Insights

February 22, 2023 | finance.yahoo.com

Old National Bancorp Announces Quarterly Dividends and Stock Repurchase Program

February 17, 2023 | seekingalpha.com

ONBPP Old National Bancorp DP 1/40 NC PPF A

February 9, 2023 | finance.yahoo.com

Old National Named to 2023 Bloomberg Gender-Equality Index

January 26, 2023 | finance.yahoo.com

Old National Bancorp (NASDAQ:ONB) Q4 2022 Earnings Call Transcript

January 24, 2023 | seekingalpha.com

Buy The Dip In Old National Bancorp

January 24, 2023 | msn.com

Old National Bancorp (ONB) Lags Q4 Earnings Estimates

January 24, 2023 | finance.yahoo.com

Old National Reports 43% EPS Growth from 3Q22, 10% on an Adjusted Basis¹, Driven by Commercial Loan Growth, Net Interest Margin Expansion and Expense Discipline

January 23, 2023 | msn.com

Old National Bancorp's Earnings Outlook

January 18, 2023 | finance.yahoo.com

Wintrust Financial (WTFC) Lags Q4 Earnings and Revenue Estimates

January 18, 2023 | bizjournals.com

Old National Bancorp launching wealth-management business called 1834

January 18, 2023 | finance.yahoo.com

Old National Debuts Enhanced Wealth Management Business for High Net-Worth Individuals and Institutions

January 13, 2023 | finance.yahoo.com

Old National Bancorp Announces Schedule for Fourth-Quarter and Full-Year 2022 Earnings Release and Conference Call

December 19, 2022 | finance.yahoo.com

Old National Bancorp (NASDAQ:ONB) down to US$5.0b market cap, but institutional owners may not be as affected after a year of 2.4% returns

December 7, 2022 | markets.businessinsider.com

RBC Capital Keeps Their Hold Rating on Old National Bancorp Capital (ONB)

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ONB Company Calendar

Last Earnings: 1/24/2023
Ex-Dividend for 3/15 Dividend: 2/28/2023
Dividend Payable: 3/15/2023
Today: 3/29/2023
Next Earnings (Estimated): 4/25/2023
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: $20.25
High Stock Price Forecast: $23.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +40.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.39
Trailing P/E Ratio: 10.39
Forward P/E Ratio: 6.69
P/E Growth: N/A
Net Income: $428.29 million
Net Margins: 23.10%
Pretax Margin: 29.38%
Return on Equity: 11.30%
Return on Assets: 1.19%

Debt

Debt-to-Equity Ratio: 0.93
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $1.85 billion
Price / Sales: 2.28
Cash Flow: $1.94 per share
Price / Cash Flow: 7.43
Book Value: $16.72 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 292,920,000
Free Float: 290,873,000
Market Cap: $4.23 billion
Optionable: Optionable
Beta: 0.84

Social Links

Key Executives

James C. Ryan
Chief Executive Officer & Director

Mark G. Sander
President & Chief Operating Officer

Brendon B. Falconer
Chief Financial Officer & Senior Executive VP

Paul S. Kilroy
Chief Information Officer & Executive VP

Kendra L. Vanzo
Chief Administrative Officer & Senior Executive VP

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 2023?: 4 equities research analysts have issued 12 month price targets for Old National Bancorp's shares. Their ONB share price forecasts range from $16.00 to $23.00. On average, they expect the company's stock price to reach $20.25 in the next year. This suggests a possible upside of 40.2% 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 19.7% and is now trading at $14.44.
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, April 25th 2023.
View our ONB earnings forecast.
How were Old National Bancorp's earnings last quarter?: Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings results on Tuesday, January, 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. The bank had revenue of $622.86 million for the quarter, compared to analyst estimates of $471.30 million. Old National Bancorp had a trailing twelve-month return on equity of 11.30% and a net margin of 23.10%. During the same quarter last year, the business posted $0.34 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, February 22nd. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.14 per share on Wednesday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, February 28th.
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 First Trust Nasdaq Bank ETF (FTXO), First Trust NASDAQ ABA Community Bank Index Fund (QABA), 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), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Invesco S&P MidCap Value with Momentum ETF (XMVM).
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 3.84%. The dividend payout ratio is 40.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 26.92% 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 number of retail and institutional investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (6.72%), Dimensional Fund Advisors LP (5.08%), American Century Companies Inc. (2.77%), Geode Capital Management LLC (1.92%), Macquarie Group Ltd. (1.71%) and Pzena Investment Management LLC (1.40%). 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, 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.
What is Old National Bancorp's stock price today?: One share of ONB stock can currently be purchased for approximately $14.44.
How much money does Old National Bancorp make?: Old National Bancorp (NASDAQ:ONB) has a market capitalization of $4.23 billion and generates $1.85 billion in revenue each year. The bank earns $428.29 million in net income (profit) each year or $1.39 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 3/29/2023 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

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Old National Bancorp (NASDAQ:ONB) Stock

ONB Stock News Headlines

ONB 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 - Frequently Asked Questions

Overall MarketRank^™