Old National Bancorp (NASDAQ:ONB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Old National Bancorp (NASDAQ:ONB) had its target price upped by investment analysts at Keefe, Bruyette & Woods from $27.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 19.86% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Truist Financial upped their price objective on shares of Old National Bancorp from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their target price on Old National Bancorp from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada upped their price target on Old National Bancorp from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Jefferies Financial Group increased their price target on Old National Bancorp from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, UBS Group reissued a “neutral” rating and issued a $26.00 price objective on shares of Old National Bancorp in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Old National Bancorp currently has an average rating of “Moderate Buy” and an average price target of $27.91.

Old National Bancorp Stock Performance

Shares of ONB stock opened at $23.36 on Thursday. The firm has a 50 day moving average of $22.95 and a 200-day moving average of $22.57. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 12.04 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 0.89 and a debt-to-equity ratio of 0.86. Old National Bancorp has a 52 week low of $19.39 and a 52 week high of $26.17.

Old National Bancorp (NASDAQ:ONB) last released its earnings results on Wednesday, April 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $702.69 million for the quarter, compared to the consensus estimate of $706.62 million. Old National Bancorp had a net margin of 18.90% and a return on equity of 15.41%. Old National Bancorp’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities analysts forecast that Old National Bancorp will post 2.57 earnings per share for the current year.

Insiders Place Their Bets

In other Old National Bancorp news, insider Nicholas J. Chulos sold 30,000 shares of Old National Bancorp stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $25.05, for a total transaction of $751,500.00. Following the transaction, the insider directly owned 20,438 shares of the company’s stock, valued at $511,971.90. The trade was a 59.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Old National Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. MAI Capital Management grew its position in Old National Bancorp by 156.8% in the 3rd quarter. MAI Capital Management now owns 1,153 shares of the bank’s stock worth $25,000 after purchasing an additional 704 shares in the last quarter. Covestor Ltd increased its stake in Old National Bancorp by 157.0% in the 3rd quarter. Covestor Ltd now owns 1,236 shares of the bank’s stock valued at $27,000 after buying an additional 755 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Old National Bancorp during the 4th quarter worth approximately $27,000. Rothschild Investment LLC lifted its position in shares of Old National Bancorp by 72.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,275 shares of the bank’s stock worth $28,000 after buying an additional 535 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Old National Bancorp in the 4th quarter worth approximately $28,000. 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: Q1 beat on the bottom line and operational strength — ONB reported $0.61 EPS vs. $0.60 expected, posted record efficiency and showed 8% annualized loan growth with a $5.5B commercial pipeline. Q1 Highlights
• Positive Sentiment: Analyst upgrades and higher price targets — Keefe, Bruyette & Woods and Truist each raised their targets to $28 and moved to outperform/buy, signaling institutional optimism about upside. Price Target Raises
• Positive Sentiment: Brokerage commentary is constructive — a Jefferies analyst flagged upside potential, adding to the bullish narrative. Jefferies Note
• Neutral Sentiment: Full earnings call and transcripts are available for deeper read (useful for investors reviewing management commentary and pipeline detail). Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations and NIM pressure — Q1 revenue came in slightly below estimates and net interest margin compressed ~10 bps to 3.55%, which could weigh on near‑term earnings momentum. Revenue Miss
• Neutral Sentiment: Short interest data reported for April looks anomalous (0 shares / NaN increase), likely a reporting error and not meaningful to market moves.

About Old National Bancorp

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.