Pinnacle Holdings LLC Invests $1.47 Million in Old National Bancorp $ONB

Posted by George Bondi on Aug 24th, 2026

Pinnacle Holdings LLC acquired a new stake in shares of Old National Bancorp (NASDAQ:ONB – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 56,569 shares of the bank’s stock, valued at approximately $1,465,000.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Old National Bancorp by 2.0% during the 1st quarter. Royal Bank of Canada now owns 214,065 shares of the bank’s stock valued at $4,536,000 after acquiring an additional 4,153 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Old National Bancorp by 87.8% in the 1st quarter. Jones Financial Companies Lllp now owns 12,696 shares of the bank’s stock worth $269,000 after acquiring an additional 5,936 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Old National Bancorp by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,843,946 shares of the bank’s stock worth $60,263,000 after acquiring an additional 215,203 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Old National Bancorp by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 913,117 shares of the bank’s stock worth $19,349,000 after purchasing an additional 64,110 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Old National Bancorp by 6.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 53,853 shares of the bank’s stock worth $1,149,000 after purchasing an additional 3,091 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ONB. Jefferies Financial Group reiterated a “hold” rating and issued a $27.00 target price on shares of Old National Bancorp in a research note on Wednesday, July 22nd. Barclays increased their price target on shares of Old National Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. TD Cowen raised their price target on shares of Old National Bancorp from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group started coverage on shares of Old National Bancorp in a research report on Tuesday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Raymond James Financial began coverage on shares of Old National Bancorp in a research note on Tuesday, July 7th. They set a “market perform” rating for the company. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.36.

Get Our Latest Stock Analysis on Old National Bancorp

Insiders Place Their Bets

In other Old National Bancorp news, insider Nicholas J. Chulos sold 20,000 shares of the business’s stock in a transaction dated 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 owned 53,544 shares in the company, valued at approximately $1,427,483.04. The trade was a 27.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chady M. Alahmar sold 11,771 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $26.41, for a total value of $310,872.11. Following the completion of the transaction, the chief executive officer directly owned 63,531 shares in the company, valued at $1,677,853.71. This represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.72% of the company’s stock.

Old National Bancorp Stock Performance

Shares of Old National Bancorp stock opened at $25.81 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.95. Old National Bancorp has a 12-month low of $19.39 and a 12-month high of $27.36. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 11.47 and a beta of 0.84. The firm’s 50 day simple moving average is $26.21 and its two-hundred day simple moving average is $24.48.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Old National Bancorp had a net margin of 21.60% and a return on equity of 11.80%. The business had revenue of $726.86 million during the quarter, compared to the consensus estimate of $716.25 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts predict that Old National Bancorp will post 2.6 EPS for the current year.

Old National Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Saturday, September 5th will be paid a $0.145 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.58 dividend on an annualized basis and a yield of 2.2%. Old National Bancorp’s dividend payout ratio (DPR) is 25.78%.

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.