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 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.

4 Wall Street research analysts have issued 1-year price objectives for Old National Bancorp's stock. Their ONB share price forecasts range from $16.00 to $23.00. On average, they predict the company's stock price to reach $20.25 in the next year. This suggests a possible upside of 39.8% 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 $17.98 at the start of the year. Since then, ONB stock has decreased by 19.4% and is now trading at $14.49.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our ONB earnings forecast.

Old National Bancorp (NASDAQ:ONB) posted its quarterly earnings data on Tuesday, January, 24th. The bank reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by $0.01. The bank earned $622.86 million during the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $0.34 earnings per share.

Old National Bancorp announced 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 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for ONB.

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).

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.

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 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.
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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 $14.49.

Old National Bancorp (NASDAQ:ONB) has a market capitalization of $4.24 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.

The company employs 3,967 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.