Should I buy or sell Old National Bancorp stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ONB shares. View ONB analyst ratings or view top-rated stocks .

What is Old National Bancorp's stock price target for 2024?

7 brokers have issued 12 month target prices for Old National Bancorp's stock. Their ONB share price targets range from $16.00 to $21.00. On average, they predict the company's stock price to reach $18.71 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price. View analysts price targets for ONB or view top-rated stocks among Wall Street analysts .

How have ONB shares performed in 2024?

Old National Bancorp's stock was trading at $16.89 at the start of the year. Since then, ONB stock has decreased by 8.1% and is now trading at $15.53. View the best growth stocks for 2024 here .

When is Old National Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our ONB earnings forecast .

How can I listen to Old National Bancorp's earnings call?

Old National Bancorp will be holding an earnings conference call on Tuesday, April 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "3992332".

How were Old National Bancorp's earnings last quarter?

Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings data on Tuesday, January, 23rd. The bank reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by $0.02. The bank had revenue of $689.85 million for the quarter, compared to the consensus estimate of $448.87 million. Old National Bancorp had a net margin of 22.91% and a trailing twelve-month return on equity of 12.04%. During the same period last year, the firm posted $0.56 earnings per share.

How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?

Old National Bancorp declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Tuesday, March 5th will be paid a dividend of $0.14 per share on Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, March 4th. Read our dividend analysis for ONB .

Is Old National Bancorp a good dividend stock?

Old National Bancorp (NASDAQ:ONB) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.54%. The dividend payout ratio is 28.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 28.14% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ONB .

What ETFs hold Old National Bancorp's stock?

ETFs with the largest weight of Old National Bancorp (NASDAQ:ONB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR) , SPDR S&P Regional Banking ETF (KRE) , SPDR S&P Bank ETF (KBE) , SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) , JPMorgan Active Small Cap Value ETF (JPSV) , First Trust Nasdaq Bank ETF (FTXO) , Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust RBA American Industrial Renaissance ETF (AIRR) .

What is Jim Ryan's approval rating as Old National Bancorp's CEO?

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.

What other stocks do shareholders of Old National Bancorp own?

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) .

Who are Old National Bancorp's major shareholders?

Old National Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.04%), First Hawaiian Bank (0.01%), Thrive Wealth Management LLC (0.01%), Independence Bank of Kentucky (0.00%), Lynch & Associates IN (0.00%) and Rise Advisors LLC (0.00%). Insiders that own company stock include Austin M Ramirez , Brendon B Falconer , James C Ryan III , John V Moran , Kathryn Hayley, Mark G Sander , Michael L Scudder , Ryan C Kitchell and Thomas Lynn Brown. View institutional ownership trends .

How do I buy shares of Old National Bancorp?

Shares of ONB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:ONB

Old National Bancorp (ONB) Stock Price, News & Analysis

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$15.53

+0.05 (+0.32%)

(As of 04/17/2024 ET)

Compare

Today's Range: $15.53
▼
$15.83
50-Day Range: $15.48
▼
$17.41
52-Week Range: $11.66
▼
$17.64

Volume: 1.35 million shs
Average Volume: 2.61 million shs
Market Capitalization: $4.56 billion

P/E Ratio: 8.01
Dividend Yield: 3.61%
Price Target: $18.71

Get Old National Bancorp alerts:

Old National Bancorp MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 20.5% Upside
$18.71 Price Target
Short Interest: Bearish
4.00% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.19
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.15%
From $1.84 to $1.99 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Finance Sector

81st out of 819 stocks

National Commercial Banks Industry

15th out of 81 stocks

3.4

Analyst's Opinion

Consensus Rating
Old National Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Old National Bancorp has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.00% of the outstanding shares of Old National Bancorp have been sold short.
Short Interest Ratio / Days to Cover
Old National Bancorp has a short interest ratio ("days to cover") of 5.2.
Change versus previous month
Short interest in Old National Bancorp has recently increased by 7.03%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Old National Bancorp is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Old National Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Old National Bancorp is 28.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Old National Bancorp will have a dividend payout ratio of 28.14% next year. This indicates that Old National Bancorp will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Old National Bancorp has received a 38.58% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Consumer savings accounts provided by brick and mortar banks", "Commercial deposit accounts", "Cash withdrawal services", "Installment loans for corporations", "Consumer transaction accounts provided by brick and mortar banks", and "Home improvement financing" products. See details.
Environmental Sustainability
The Environmental Impact score for Old National Bancorp is -0.45.

1.2

News and Social Media Coverage

News Sentiment
Old National Bancorp has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Old National Bancorp this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for ONB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Old National Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Old National Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.07% of the stock of Old National Bancorp is held by insiders.
Percentage Held by Institutions
83.66% of the stock of Old National Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Old National Bancorp are expected to grow by 8.15% in the coming year, from $1.84 to $1.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Old National Bancorp is 8.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Old National Bancorp is 8.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.65.
Price to Book Value per Share Ratio
Old National Bancorp has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Old National Bancorp Stock (NASDAQ:ONB)

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, and capital markets services, as well as community development lending and equity investment solutions. The company was founded in 1834 and is headquartered in Evansville, Indiana.

ONB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ONB Stock News Headlines

April 16, 2024 | globenewswire.com

Old National Releases 2023 ESG Report

April 16, 2024 | americanbankingnews.com

Old National Bancorp (ONB) Scheduled to Post Quarterly Earnings on Tuesday

April 18, 2024 | Darwin (Ad)

Your Next Portfolio Star: Revealing 2024's Top Stock Pick

April 11, 2024 | americanbankingnews.com

Head-To-Head Contrast: Old National Bancorp (NASDAQ:ONB) vs. Chesapeake Financial Shares (OTCMKTS:CPKF)

April 11, 2024 | markets.businessinsider.com

Old National Bancorp Capital (ONB) Receives a Hold from RBC Capital

April 10, 2024 | msn.com

Old National Bank honors shooting victims one year later

April 10, 2024 | msn.com

Childhood friend of Old National Bank shooting victim wants to carry on her legacy

April 10, 2024 | msn.com

LIVE: Memorial held for Old National Bank shooting victims on 1-year anniversary

April 18, 2024 | Darwin (Ad)

Your Next Portfolio Star: Revealing 2024's Top Stock Pick

April 10, 2024 | msn.com

Old National Bank senior VP says he still feels terror of watching gunman kill his coworkers

April 10, 2024 | msn.com

Old National Bank shooting, 1 year later

April 10, 2024 | msn.com

Day of remembrance being held for Old National Bank shooting victims

April 10, 2024 | bizjournals.com

Old National Bank, state officials to mark one year since mass shooting

April 10, 2024 | americanbankingnews.com

Old National Bancorp (NASDAQ:ONB) Given Sector Perform Rating at Royal Bank of Canada

April 9, 2024 | msn.com

New lawsuit filed against Louisville gun store by estates of Old National Bank victims

April 4, 2024 | globenewswire.com

Old National Bancorp Announces Schedule for First-Quarter 2024 Earnings Release and Conference Call

April 4, 2024 | msn.com

Old National Bank to close Louisville locations on anniversary of mass shooting

April 3, 2024 | globenewswire.com

We Remember April 10: Honoring the Victims of Louisville Tragedy

April 3, 2024 | msn.com

Louisville Old National Bank Shooting: New Documentary Chronicles '23 Seconds' Of Horror | Where To Watch

April 2, 2024 | msn.com

Old National Bank CFO charged with child molestation put on administrative leave

April 2, 2024 | markets.businessinsider.com

Breaking Down Old National: 4 Analysts Share Their Views

April 2, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Financial Stocks: BOC Hong Kong (Holdings) (BNKHF), Old National Bancorp Capital (ONB)

April 1, 2024 | globenewswire.com

Old National Announces Completion of Merger with CapStar

March 29, 2024 | yahoo.com

More details following the arrest of Old National Bank CFO for child molestation

March 29, 2024 | msn.com

ATF closes investigation into Old National Bank mass shooting

March 28, 2024 | msn.com

KSP investigates fatal structure fire in Muhlenberg Co.

March 28, 2024 | msn.com

Old National Bank CFO charged with child molesting

See More Headlines

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Company Calendar

Last Earnings: 1/23/2024
Ex-Dividend for 3/15 Dividend: 3/04/2024
Dividend Payable: 3/15/2024
Today: 4/17/2024
Next Earnings (Confirmed): 4/23/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:ONB
CUSIP: 68003310
CIK: 707179
Web: www.oldnational.com
Phone: (800) 731-2265
Fax: 812-464-1567
Employees: 3,940
Year Founded: 1841

Price Target and Rating

Average Stock Price Target: $18.71
High Stock Price Target: $21.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +20.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.94
Trailing P/E Ratio: 8.01
Forward P/E Ratio: 8.44
P/E Growth: N/A
Net Income: $581.99 million
Net Margins: 22.91%
Pretax Margin: 29.58%
Return on Equity: 12.04%
Return on Assets: 1.27%

Debt

Debt-to-Equity Ratio: 0.95
Current Ratio: 0.92
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $1.84 billion
Price / Sales: 2.48
Cash Flow: $2.29 per share
Price / Cash Flow: 6.77
Book Value: $18.22 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 293,383,000
Free Float: 290,244,000
Market Cap: $4.56 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. James C. Ryan III (Age 52)
CEO & Chairman
Comp: $3.92M
Mr. Mark G. Sander (Age 65)
President & COO
Comp: $2.03M
Mr. Brendon B. Falconer (Age 47)
Senior EVP & CFO
Comp: $1.43M
Ms. Kendra L. Vanzo (Age 57)
Senior EVP & Chief Administrative Officer
Comp: $999.04k
Mr. James A. Sandgren (Age 57)
Executive VP & CEO of Commercial Banking
Comp: $1.69M
Mr. Jeff C. Newcom (Age 51)
Chief Operations Officer
Ms. Angela L. Putnam (Age 45)
Senior VP & Chief Accounting Officer
Mr. Paul S. Kilroy (Age 51)
Chief Information Officer
Ms. Lynell J. Walton CPA
Senior VP & Director of Investor Relations
Mr. Nicholas J. Chulos (Age 64)
Executive VP, Chief Legal Officer & Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ONB Stock Analysis - Frequently Asked Questions

Should I buy or sell Old National Bancorp stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ONB shares.
View ONB analyst ratings or view top-rated stocks.
What is Old National Bancorp's stock price target for 2024?: 7 brokers have issued 12 month target prices for Old National Bancorp's stock. Their ONB share price targets range from $16.00 to $21.00. On average, they predict the company's stock price to reach $18.71 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for ONB or view top-rated stocks among Wall Street analysts.
How have ONB shares performed in 2024?: Old National Bancorp's stock was trading at $16.89 at the start of the year. Since then, ONB stock has decreased by 8.1% and is now trading at $15.53.
View the best growth stocks for 2024 here.
When is Old National Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our ONB earnings forecast.
How can I listen to Old National Bancorp's earnings call?: Old National Bancorp will be holding an earnings conference call on Tuesday, April 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "3992332".
How were Old National Bancorp's earnings last quarter?: Old National Bancorp (NASDAQ:ONB) issued its quarterly earnings data on Tuesday, January, 23rd. The bank reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by $0.02. The bank had revenue of $689.85 million for the quarter, compared to the consensus estimate of $448.87 million. Old National Bancorp had a net margin of 22.91% and a trailing twelve-month return on equity of 12.04%. During the same period last year, the firm posted $0.56 earnings per share.
How often does Old National Bancorp pay dividends? What is the dividend yield for Old National Bancorp?: Old National Bancorp declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Tuesday, March 5th will be paid a dividend of $0.14 per share on Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for ONB.

Is Old National Bancorp a good dividend stock?: Old National Bancorp (NASDAQ:ONB) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.54%. The dividend payout ratio is 28.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ONB will have a dividend payout ratio of 28.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ONB.
What ETFs hold Old National Bancorp's stock?: ETFs with the largest weight of Old National Bancorp (NASDAQ:ONB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), JPMorgan Active Small Cap Value ETF (JPSV), First Trust Nasdaq Bank ETF (FTXO), Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust RBA American Industrial Renaissance ETF (AIRR).
What is Jim Ryan's approval rating as Old National Bancorp's CEO?: 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.
What other stocks do shareholders of Old National Bancorp own?: 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).
Who are Old National Bancorp's major shareholders?: Old National Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.04%), First Hawaiian Bank (0.01%), Thrive Wealth Management LLC (0.01%), Independence Bank of Kentucky (0.00%), Lynch & Associates IN (0.00%) and Rise Advisors LLC (0.00%). Insiders that own company stock include Austin M Ramirez, Brendon B Falconer, James C Ryan III, John V Moran, Kathryn Hayley, Mark G Sander, Michael L Scudder, Ryan C Kitchell and Thomas Lynn Brown.
View institutional ownership trends.
How do I buy shares of Old National Bancorp?: Shares of ONB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ONB) was last updated on 4/18/2024 by MarketBeat.com Staff

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Old National Bancorp (ONB) Stock Price, News & Analysis

Old National Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Old National Bancorp Stock (NASDAQ:ONB)

ONB Stock Price History

ONB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ONB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™