Royal Bank Of Canada Forecasts Strong Price Appreciation for Old National Bancorp (NASDAQ:ONB) Stock

Old National Bancorp (NASDAQ:ONB) had its target price increased by equities research analysts at Royal Bank Of Canada from $25.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 10.45% from the stock’s current price.

A number of other brokerages have also recently issued reports on ONB. Barclays set a $29.00 target price on shares of Old National Bancorp and gave the stock an “overweight” rating in a report on Wednesday, October 8th. TD Cowen upgraded 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. National Bankshares set a $30.00 price objective on Old National Bancorp in a research report on Thursday. Piper Sandler restated an “overweight” rating and set a $26.00 price objective (down from $27.00) on shares of Old National Bancorp in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Old National Bancorp in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.18.

Old National Bancorp Stock Down 2.9%

ONB stock opened at $23.54 on Thursday. 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 has a 1-year low of $16.83 and a 1-year high of $24.77. The firm has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $21.99. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 13.15 and a beta of 0.84.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ONB. MAI Capital Management increased its holdings in shares of Old National Bancorp by 156.8% during 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 during the period. Covestor Ltd lifted its holdings in Old National Bancorp by 157.0% in the third quarter. Covestor Ltd now owns 1,236 shares of the bank’s stock worth $27,000 after purchasing an additional 755 shares during the period. Rothschild Investment LLC grew its position in Old National Bancorp by 72.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,275 shares of the bank’s stock valued at $28,000 after buying an additional 535 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Old National Bancorp during the 4th quarter valued at about $28,000. Finally, Hantz Financial Services Inc. increased its stake in Old National Bancorp by 310.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,532 shares of the bank’s stock valued at $33,000 after buying an additional 1,159 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

More Old National Bancorp News

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)

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.