Old National Bancorp (NASDAQ:ONB) Stock Price Target Cut by JPMorgan Chase & Co.

Old National Bancorp (NASDAQ:ONB) had its price target dropped by JPMorgan Chase & Co. from $30.00 to $29.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 16.35% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Wells Fargo & Company initiated coverage on Old National Bancorp in a research report on Thursday, September 24th. They set an “overweight” rating and a $30.00 target price for the company. UBS Group started coverage on shares of Old National Bancorp in a report on Tuesday, July 7th. They issued a “buy” rating and a $32.00 target price for the company. Barclays boosted their price target on shares of Old National Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Truist Financial upped their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $27.00 price target on shares of Old National Bancorp in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.71.

Old National Bancorp Price Performance

Shares of ONB traded up $0.34 during midday trading on Thursday, hitting $24.93. 831,053 shares of the company traded hands, compared to its average volume of 3,713,925. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 11.10 and a beta of 0.86. The firm has a 50 day moving average of $25.42 and a 200-day moving average of $25.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.94 and a current ratio of 0.94. Old National Bancorp has a 52 week low of $19.60 and a 52 week high of $27.36.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. Old National Bancorp had a return on equity of 11.80% and a net margin of 21.60%. The business had revenue of $719.50 million for the quarter, compared to the consensus estimate of $732.04 million. During the same quarter in the previous year, the company posted $0.59 EPS. On average, analysts forecast that Old National Bancorp will post 2.60 EPS for the current fiscal year.

Insider Activity at Old National Bancorp

In other Old National Bancorp news, insider Nicholas Chulos sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $26.66, for a total transaction of $533,200.00. Following the sale, the insider directly owned 53,544 shares of the company’s stock, valued at $1,427,483.04. The trade was a 27.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chady Alahmar sold 11,771 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $26.41, for a total value of $310,872.11. Following the sale, the chief executive officer owned 63,531 shares in the company, valued at approximately $1,677,853.71. This trade represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Old National Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in Old National Bancorp by 2.5% during the 1st quarter. Bank of America Corp DE now owns 4,229,045 shares of the bank’s stock valued at $93,462,000 after acquiring an additional 102,956 shares during the period. NFJ Investment Group LLC bought a new position in Old National Bancorp in the 2nd quarter valued at $30,919,000. Quantinno Capital Management LP increased its stake in Old National Bancorp by 200.0% in the first quarter. Quantinno Capital Management LP now owns 153,244 shares of the bank’s stock worth $3,387,000 after purchasing an additional 102,159 shares during the period. Deutsche Bank AG bought a new stake in shares of Old National Bancorp during the second quarter worth $9,460,000. Finally, BlackRock Inc. bought a new stake in shares of Old National Bancorp during the second quarter worth $1,215,819,000. 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: Old National reported record third-quarter net income applicable to common shareholders of $250.0 million, or $0.66 per diluted share, up from $0.59 a year earlier. Earnings matched consensus estimates. Old National Bancorp Reports Record Third Quarter 2026 Results
• Positive Sentiment: Management presented a confident outlook and indicated the company remains positioned for further record earnings, supporting the bullish case highlighted by recent analyst commentary. Old National Bancorp Signals Record Earnings, Confident Outlook
• Positive Sentiment: The bank repurchased $100 million of common stock and paid $55 million in quarterly dividends. Its preliminary common equity Tier 1 ratio was a solid 11.11%, indicating capacity for capital returns while maintaining regulatory strength. Old National Reports Record Third-Quarter Profit
• Positive Sentiment: Operating efficiency remained strong, with a 46.1% efficiency ratio, while deposits reached $57.6 billion and loans totaled $51.2 billion. Old National Reports Record Third-Quarter Profit
• Neutral Sentiment: Credit costs were notable but manageable: provision for credit losses was $33.6 million and net charge-offs were $34.1 million. Investors will continue watching asset quality as the bank grows.
• Negative Sentiment: Revenue came in below expectations—approximately $719.5 million versus the $732.0 million consensus estimate—despite the earnings-per-share result meeting forecasts. Old National Bancorp Earnings Results
• Negative Sentiment: Net interest margin was 3.47% on a GAAP basis, reflecting margin compression that could limit future revenue growth and remains a key concern in the investment case. Old National Bancorp: Solid Efficiency Despite Margin Compression

About Old National Bancorp

Old National Bancorp (NASDAQ: ONB) is a regional financial services company headquartered in Evansville, Indiana. Through its principal subsidiary, Old National Bank, the company provides banking and financial solutions to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury and cash-management services, trust and investment management, wealth management, and other financial advisory services.