Old National Bancorp Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Old National Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ONB, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Old National Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Old National Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Old National Bancorp saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 5,030,000 shares, a drop of 13.9% from the May 13th total of 5,840,000 shares. Based on an average trading volume of 829,500 shares, the days-to-cover ratio is currently 6.1 days. Approximately 3.1% of the company's shares are sold short.
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Old National Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 19th 2021.
View our earnings forecast for Old National Bancorp.

Old National Bancorp (NASDAQ:ONB) released its quarterly earnings results on Sunday, April, 18th. The bank reported $0.52 EPS for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.11. The bank had revenue of $208.30 million for the quarter, compared to the consensus estimate of $210.40 million. Old National Bancorp had a trailing twelve-month return on equity of 10.05% and a net margin of 32.54%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS.
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Old National Bancorp's stock was trading at $13.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ONB shares have increased by 34.2% and is now trading at $18.58.
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Old National Bancorp declared a quarterly dividend on Thursday, April 29th. Investors of record on Tuesday, June 1st will be given a dividend of $0.14 per share on Tuesday, June 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, May 28th.
View Old National Bancorp's dividend history.

Old National Bancorp pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.00%. Old National Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Old National Bancorp is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Old National Bancorp will have a dividend payout ratio of 38.36% next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.
View Old National Bancorp's dividend history.

3 equities research analysts have issued twelve-month price targets for Old National Bancorp's stock. Their forecasts range from $14.00 to $17.00. On average, they anticipate Old National Bancorp's share price to reach $15.33 in the next year. This suggests that the stock has a possible downside of 17.5%.
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13 employees have rated Old National Bancorp CEO Jim Ryan on Glassdoor.com. Jim Ryan has an approval rating of 80% among Old National Bancorp's employees.

Some companies that are related to Old National Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.74%), Dimensional Fund Advisors LP (6.96%), Bank of New York Mellon Corp (2.18%), Geode Capital Management LLC (1.67%), Northern Trust Corp (1.42%) and OLD National Bancorp IN (0.93%). Company insiders that own Old National Bancorp stock include Daniel S Hermann, James A Sandgren and James C Ryan III.
View institutional ownership trends for Old National Bancorp.

ONB stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, OLD National Bancorp IN, Cozad Asset Management Inc., JCSD Capital LLC, Donaldson Capital Management LLC, and Credit Suisse AG.
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ONB stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Millennium Management LLC, Assenagon Asset Management S.A., D. E. Shaw & Co. Inc., Geode Capital Management LLC, Thrivent Financial for Lutherans, Eaton Vance Management, and BlackRock Inc.. Company insiders that have bought Old National Bancorp stock in the last two years include Daniel S Hermann, and James C Ryan III.
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Shares of ONB 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 $18.58.

Old National Bancorp has a market capitalization of $3.08 billion and generates $902.58 million in revenue each year. The bank earns $226.41 million in net income (profit) each year or $1.50 on an earnings per share basis.

Old National Bancorp employs 2,445 workers across the globe.

Old National Bancorp was founded in 1841.

The official website for Old National Bancorp is www.oldnational.com.

Old National Bancorp is headquartered at ONE MAIN ST, EVANSVILLE IN, 47708.

Old National Bancorp's mailing address is ONE MAIN ST, EVANSVILLE IN, 47708. The bank can be reached via phone at 800-731-2265 or via email at [email protected]