Old National Bancorp - ONB Stock Forecast, Price & News

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.
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4 Wall Street analysts have issued 1 year price objectives for Old National Bancorp's shares. Their ONB share price forecasts range from $21.00 to $23.00. On average, they expect the company's stock price to reach $21.75 in the next year. This suggests a possible upside of 20.4% 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 on January 1st, 2022. Since then, ONB stock has decreased by 0.3% and is now trading at $18.07.
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Old National Bancorp saw a decrease in short interest in November. As of November 15th, there was short interest totaling 6,820,000 shares, a decrease of 20.6% from the October 31st total of 8,590,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 3.9 days.
View Old National Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 17th 2023.
View our ONB earnings forecast.

Old National Bancorp (NASDAQ:ONB) announced its quarterly earnings data on Tuesday, October, 25th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The bank had revenue of $461.92 million for the quarter, compared to the consensus estimate of $438.18 million. Old National Bancorp had a net margin of 19.71% and a trailing twelve-month return on equity of 10.06%. The business's quarterly revenue was up 120.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share.

Old National Bancorp announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Thursday, December 1st will be given a dividend of $0.14 per share on Thursday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, November 30th.
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 3.10%. The dividend payout ratio is 52.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 25.00% 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.67%), Vanguard Group Inc. (10.45%), Dimensional Fund Advisors LP (5.15%), State Street Corp (4.58%), Macquarie Group Ltd. (1.81%) and Pzena Investment Management LLC (1.47%). 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.

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 $18.07.

Old National Bancorp (NASDAQ:ONB) has a market capitalization of $5.29 billion and generates $852.87 million in revenue each year. The bank earns $277.54 million in net income (profit) each year or $1.06 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.