William Blair Investment Management LLC Raises Stock Holdings in Old National Bancorp $ONB

Posted by Brenda Bartman on May 24th, 2026

William Blair Investment Management LLC grew its stake in Old National Bancorp (NASDAQ:ONB – Free Report) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,957,936 shares of the bank’s stock after buying an additional 88,096 shares during the period. William Blair Investment Management LLC’s holdings in Old National Bancorp were worth $132,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MAI Capital Management increased its position in Old National Bancorp by 156.8% in the third quarter. MAI Capital Management now owns 1,153 shares of the bank’s stock worth $25,000 after buying an additional 704 shares in the last quarter. Covestor Ltd increased its position 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 buying an additional 755 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Old National Bancorp in the fourth quarter worth about $28,000. Rothschild Investment LLC increased its position in Old National Bancorp by 72.3% in the third 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, JFS Wealth Advisors LLC increased its position in Old National Bancorp by 811.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,604 shares of the bank’s stock worth $36,000 after buying an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ONB. Keefe, Bruyette & Woods upped their price objective on Old National Bancorp from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Stephens upped their price objective on Old National Bancorp from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Citigroup upped their price objective on Old National Bancorp from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Barclays upped their price objective on Old National Bancorp from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Finally, Truist Financial upped their price objective on Old National Bancorp from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.91.

Check Out Our Latest Stock Analysis on ONB

Old National Bancorp Stock Performance

NASDAQ ONB opened at $23.94 on Friday. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 12.34 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $23.00 and a 200-day moving average price of $22.96. Old National Bancorp has a twelve month low of $19.39 and a twelve month high of $26.17.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Old National Bancorp had a return on equity of 11.23% and a net margin of 18.90%.The firm had revenue of $702.70 million during the quarter, compared to analyst estimates of $706.62 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. As a group, equities research analysts predict that Old National Bancorp will post 2.58 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.58 dividend on an annualized basis and a yield of 2.4%. Old National Bancorp’s dividend payout ratio is presently 29.90%.

About Old National Bancorp

(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.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.