Old National Bancorp (NASDAQ:ONB) Sets New 52-Week High on Better-Than-Expected Earnings

Shares of Old National Bancorp (NASDAQ:ONB) hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $24.74 and last traded at $24.6450, with a volume of 458870 shares traded. The stock had previously closed at $24.02.

The bank reported $0.62 EPS for the quarter, topping the consensus estimate 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 return on equity of 15.06% and a net margin of 17.91%.During the same period last year, the company earned $0.49 earnings per share.

Old National Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, December 5th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 5th. Old National Bancorp’s payout ratio is 32.75%.

Key Headlines Impacting Old National Bancorp

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

• Positive Sentiment: Strong Q4 results, Bremer integration progress and announced buybacks are reshaping the investment thesis, supporting higher future earnings and capital returns. How Strong Q4 Results, Bremer Integration and Buybacks At Old National Bancorp (ONB) Has Changed Its Investment Story
• Positive Sentiment: TD Cowen upgraded ONB, signaling improved analyst conviction that can support demand for the stock. TD Cowen upgrades Old National Bancorp (ONB)
• Positive Sentiment: Royal Bank of Canada raised its price target from $25 to $26 (sector perform), implying roughly double‑digit upside vs. current levels and reflecting improving outlook. RBC raises PT to $26 (Benzinga)
• Positive Sentiment: Old National’s Q4 earnings call takeaway: management framed results as durable upside for the franchise, reinforcing the beat and strategic progress. Old National Bancorp’s Earnings Call Signals Durable Upside
• Positive Sentiment: Company received a Trust in Banking award (Customer Confidence), a reputational positive that can help customer retention and brand value. Old National Receives 2026 Trust in Banking Award
• Positive Sentiment: Fixed‑income investor presentation released, improving transparency on funding and balance‑sheet strategy which can ease investor concerns about interest‑rate exposure. Old National Bancorp Capital Highlights Fixed Income Investor Presentation
• Neutral Sentiment: Coverage notes that Nasdaq Top 100 expansion and local services developments could broaden reach, but impact on near‑term earnings is indirect. Old National Bancorp Nasdaq Top 100 Expands Local Services
• Neutral Sentiment: Several analyst pieces and rating pages (Globe and Mail, Barron’s) discuss ONB favorably among regional banks but mainly provide context rather than new catalysts. Analysts Are Bullish on Top Financial Stocks
• Neutral Sentiment: Additional analyst insight pieces highlight ONB alongside peers; useful for sentiment tracking but not immediate drivers. Analysts Offer Insights on Financial Companies
• Neutral Sentiment: Barron’s research/rating page lists current analyst coverage; useful reference for investors tracking changes. Old National Bancorp (Barron’s)

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ONB shares. TD Cowen raised shares of Old National Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $30.00 in a report on Thursday. National Bankshares set a $30.00 price target on Old National Bancorp in a research note on Thursday. Stephens increased their price target on Old National Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler restated an “overweight” rating and issued a $26.00 price objective (down from $27.00) on shares of Old National Bancorp in a research report on Thursday, October 23rd. Finally, UBS Group assumed coverage on Old National Bancorp in a research note on Monday, December 15th. They set a “neutral” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.18.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MAI Capital Management grew its position in shares of Old National Bancorp by 156.8% in the third quarter. MAI Capital Management now owns 1,153 shares of the bank’s stock valued at $25,000 after purchasing an additional 704 shares in the last quarter. Covestor Ltd boosted its stake in Old National Bancorp by 157.0% during the third quarter. Covestor Ltd now owns 1,236 shares of the bank’s stock worth $27,000 after buying an additional 755 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Old National Bancorp in the 4th quarter valued at $28,000. Rothschild Investment LLC increased its stake in shares of Old National Bancorp by 72.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,275 shares of the bank’s stock worth $28,000 after acquiring an additional 535 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Old National Bancorp by 310.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,532 shares of the bank’s stock worth $33,000 after acquiring an additional 1,159 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Old National Bancorp Stock Performance

The firm has a fifty day moving average price of $22.52 and a 200 day moving average price of $21.99. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The firm has a market cap of $9.20 billion, a PE ratio of 13.15 and a beta of 0.84.

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.