Old National Bancorp (NASDAQ:ONB) Price Target Raised to $30.00

10 Apr 2026, 07:36 by Danessa Lincoln · The Markets Daily

Old National Bancorp (NASDAQ:ONB – Free Report) had its price target hoisted by Barclays from $29.00 to $30.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the bank’s stock.

Other research analysts have also issued research reports about the stock. TD Cowen raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and increased their price target for the stock from $27.00 to $30.00 in a research report on Thursday, January 22nd. Citigroup increased their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. UBS Group reissued a “neutral” rating and issued a $26.00 price target on shares of Old National Bancorp in a research report on Wednesday, February 4th. National Bank Financial set a $30.00 price target on shares of Old National Bancorp in a research report on Thursday, January 22nd. Finally, Truist Financial increased their price target on shares of Old National Bancorp from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.50.

Read Our Latest Analysis on Old National Bancorp

Old National Bancorp Stock Performance

NASDAQ:ONB opened at $23.64 on Tuesday. Old National Bancorp has a 12-month low of $17.67 and a 12-month high of $26.17. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $9.13 billion, a PE ratio of 13.21 and a beta of 0.83. The firm has a 50-day moving average price of $23.28 and a 200 day moving average price of $22.45.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. Old National Bancorp had a net margin of 17.91% and a return on equity of 10.75%. The firm had revenue of $698.53 million during the quarter, compared to analyst estimates of $705.62 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. Research analysts anticipate that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 16th. Shareholders of record on Tuesday, May 5th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 5th. Old National Bancorp’s dividend payout ratio is currently 32.40%.

Insiders Place Their Bets

In other Old National Bancorp news, insider Nicholas J. Chulos sold 30,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $25.05, for a total transaction of $751,500.00. Following the sale, the insider directly owned 20,438 shares of the company’s stock, valued at approximately $511,971.90. This represents a 59.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Old National Bancorp

Several large investors have recently added to or reduced their stakes in ONB. Vanguard Group Inc. grew its stake in Old National Bancorp by 10.1% during the third quarter. Vanguard Group Inc. now owns 36,813,066 shares of the bank’s stock worth $808,047,000 after buying an additional 3,379,577 shares during the last quarter. Norges Bank bought a new stake in Old National Bancorp during the fourth quarter worth about $72,661,000. Morgan Stanley grew its stake in Old National Bancorp by 69.8% during the fourth quarter. Morgan Stanley now owns 6,776,716 shares of the bank’s stock worth $151,189,000 after buying an additional 2,785,474 shares during the last quarter. First Trust Advisors LP grew its stake in 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 worth $114,738,000 after buying an additional 2,672,319 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Old National Bancorp by 439.7% during the second quarter. Thrivent Financial for Lutherans now owns 2,595,144 shares of the bank’s stock worth $55,380,000 after buying an additional 2,114,266 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Old National Bancorp Company Profile

(Get Free Report)

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.