Old National Bancorp - ONB Stock Forecast, Price & News

4 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 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ONB shares.
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4 equities research analysts have issued 1 year target prices for Old National Bancorp's stock. Their ONB share price forecasts range from $21.00 to $23.00. On average, they predict the company's share price to reach $21.75 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
View analysts price targets for ONB or view top-rated stocks among Wall Street analysts.

Old National Bancorp's stock was trading at $18.12 at the start of the year. Since then, ONB shares have decreased by 7.8% and is now trading at $16.71.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our ONB earnings forecast.

Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings results on Tuesday, July, 26th. The bank reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.07. The bank earned $430.90 million during the quarter, compared to the consensus estimate of $391.35 million. Old National Bancorp had a trailing twelve-month return on equity of 9.13% and a net margin of 18.42%. During the same quarter in the prior year, the company posted $0.41 EPS.

Old National Bancorp announced a quarterly dividend on Friday, August 19th. Investors 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 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for ONB.

Old National Bancorp (NASDAQ:ONB) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.33%. 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.

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.

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).

Old National Bancorp trades on the NASDAQ under the ticker symbol "ONB."

Old National Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors 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, Ryan C Kitchell and Thomas Lynn Brown.
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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.
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One share of ONB stock can currently be purchased for approximately $16.71.

Old National Bancorp (NASDAQ:ONB) has a market capitalization of $4.89 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.

The company employs 2,374 workers across the globe.

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.