Old National Bancorp (NASDAQ:ONB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Old National Bancorp (NASDAQ:ONB) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $28.7273.

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Old National Bancorp from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old National Bancorp in a report on Thursday, June 4th. Barclays upped their price target on Old National Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Raymond James Financial began coverage on Old National Bancorp in a research report on Tuesday, July 7th. They set a “market perform” rating on the stock. Finally, UBS Group initiated coverage on Old National Bancorp in a report on Tuesday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock.

Old National Bancorp Stock Performance

Shares of NASDAQ ONB opened at $26.39 on Thursday. The company has a market capitalization of $10.20 billion, a PE ratio of 13.60 and a beta of 0.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.93 and a current ratio of 0.94. The company’s fifty day moving average price is $25.02 and its 200 day moving average price is $23.99. Old National Bancorp has a 1 year low of $19.39 and a 1 year high of $27.32.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $726.86 million during the quarter, compared to analysts’ expectations of $716.25 million. Old National Bancorp had a net margin of 18.90% and a return on equity of 11.23%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. On average, research analysts predict that Old National Bancorp will post 2.57 earnings per share for the current year.

Old National Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.145 per share. The ex-dividend date was Friday, June 5th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.2%. Old National Bancorp’s dividend payout ratio (DPR) is 29.90%.

Institutional Investors Weigh In On Old National Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONB. Norges Bank purchased a new stake in shares of Old National Bancorp during the fourth quarter worth about $72,661,000. Morgan Stanley lifted its stake in Old National Bancorp by 69.8% in the 4th quarter. Morgan Stanley now owns 6,776,716 shares of the bank’s stock valued at $151,189,000 after buying an additional 2,785,474 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Old National Bancorp by 65.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,956,160 shares of the bank’s stock worth $110,572,000 after buying an additional 1,966,958 shares during the last quarter. First Trust Advisors LP increased its stake in Old National Bancorp by 37.5% during the 4th quarter. First Trust Advisors LP now owns 7,188,766 shares of the bank’s stock worth $160,381,000 after buying an additional 1,961,525 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Old National Bancorp by 2,942.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,743,757 shares of the bank’s stock worth $38,903,000 after buying an additional 1,686,442 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Trending Headlines about Old National Bancorp

Here are the key news stories impacting Old National Bancorp this week:

• Positive Sentiment: Old National Bancorp reported record second-quarter results, with net income applicable to common shares of $249.4 million and diluted EPS of $0.65, supported by strong adjusted results as well. Old National Bancorp Reports Record Second Quarter 2026 Results; Announces Enhanced Executive Leadership Structure
• Positive Sentiment: Revenue came in above expectations at $726.86 million versus the $716.23 million consensus, reinforcing the view that core banking performance remains solid. Old National Bancorp earnings report and conference call
• Positive Sentiment: EPS beat estimates at $0.65 versus the $0.62-$0.63 range cited by analysts, and also improved from $0.53 in the same quarter last year, suggesting earnings momentum. Old National Bancorp surpasses Q2 earnings and revenue estimates
• Neutral Sentiment: Analysts and market commentary are focusing on whether the bank can sustain this outperformance, but no major new negative catalyst was highlighted in the latest updates. Old National Bancorp Continues To Grind Out Gains

Old National Bancorp Company Profile

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.