Old National Bancorp (NASDAQ:ONB) Given New $26.00 Price Target at Royal Bank Of Canada

Old National Bancorp (NASDAQ:ONB) had its price target upped by Royal Bank Of Canada from $25.00 to $26.00 in a report issued on Thursday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the bank’s stock.

A number of other equities research analysts have also weighed in on ONB. Piper Sandler restated an “overweight” rating and set a $26.00 price objective (down previously from $27.00) on shares of Old National Bancorp in a research report on Thursday, October 23rd. Truist Financial cut their price target on Old National Bancorp from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Barclays set a $29.00 price objective on Old National Bancorp and gave the company an “overweight” rating in a research note on Wednesday, October 8th. UBS Group began coverage on shares of Old National Bancorp in a research report on Monday, December 15th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, National Bankshares set a $30.00 target price on shares of Old National Bancorp in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Old National Bancorp has an average rating of “Moderate Buy” and an average target price of $27.18.

Old National Bancorp Price Performance

ONB stock opened at $24.24 on Thursday. The company has a 50 day simple moving average of $22.47 and a 200 day simple moving average of $21.98. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 13.54 and a beta of 0.84. Old National Bancorp has a 1 year low of $16.83 and a 1 year high of $24.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.91.

Old National Bancorp (NASDAQ:ONB) last issued its earnings results on Wednesday, January 21st. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $714.50 million for the quarter, compared to analyst estimates of $705.62 million. Old National Bancorp had a net margin of 17.91% and a return on equity of 15.06%. During the same quarter last year, the business posted $0.49 earnings per share. Research analysts anticipate that Old National Bancorp will post 2.08 EPS for the current fiscal year.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, December 5th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, December 5th. Old National Bancorp’s dividend payout ratio (DPR) is presently 32.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. OLD National Bancorp IN boosted its stake in Old National Bancorp by 2,525.9% during the second quarter. OLD National Bancorp IN now owns 44,844,379 shares of the bank’s stock worth $956,979,000 after acquiring an additional 43,136,619 shares in the last quarter. Norges Bank bought a new stake in Old National Bancorp in the second quarter valued at $79,396,000. Vanguard Group Inc. raised its holdings in shares of Old National Bancorp by 10.1% during the third quarter. Vanguard Group Inc. now owns 36,813,066 shares of the bank’s stock valued at $808,047,000 after purchasing an additional 3,379,577 shares during the period. First Trust Advisors LP raised its holdings in shares of Old National Bancorp by 104.6% during the third quarter. First Trust Advisors LP now owns 5,227,241 shares of the bank’s stock valued at $114,738,000 after purchasing an additional 2,672,319 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Old National Bancorp by 439.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,595,144 shares of the bank’s stock worth $55,380,000 after purchasing an additional 2,114,266 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Old National Bancorp

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

• Positive Sentiment: Q4 and full‑year results beat expectations — adjusted Q4 EPS $0.62 vs. consensus $0.59; Q4 net income $212.6M; loan growth, improved efficiency (adjusted efficiency ratio 46.0%) and strong ROATCE (17.8%). Management cited core deposit growth supporting loan expansion and strong capital ratios. Old National Bancorp Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Analyst action: RBC raised its price target to $26 (from $25) and kept a “sector perform” rating — implies further upside from current levels and may lend support to the rally. RBC raises price target to $26
• Positive Sentiment: Reputation boost — Old National received the “Customer Confidence Award” in Quavo’s Trust in Banking Awards, a positive for brand and customer perception (minor direct financial impact but supportive for long‑term deposit/retention trends). Old National Receives 2026 Trust in Banking Award
• Neutral Sentiment: Investor materials: Old National posted a fixed‑income investor presentation — useful for bond/income investors but limited immediate equity impact. Old National Bancorp Capital Highlights Fixed Income Investor Presentation
• Neutral Sentiment: Earnings call coverage and transcripts are available — sell‑side/independent writeups summarize management commentary and provide context for near‑term outlook; useful for active investors digging into guidance and pipeline. Old National Bancorp (ONB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Deposit pressure and one‑offs: core deposits fell ~3.2% annualized in Q4 (seasonal outflows of public funds were cited); the company recorded $24.5M pre‑tax merger‑related charges and a $15.9M pension loss. These items can weigh on near‑term earnings and funding costs. Old National Bancorp (ONB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Credit and provisions: provision for credit losses rose to $32.7M and net charge‑offs increased modestly; while still manageable, any further weakening in asset quality could pressure earnings and capital. (See company release for loan/asset quality detail.) Old National Bancorp Reports Strong Fourth Quarter and Full Year 2025 Financial Results

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.