Uptick Partners LLC Invests $535,000 in Old National Bancorp $ONB

Posted by Brenda Bartman on Aug 20th, 2026

Uptick Partners LLC bought a new stake in Old National Bancorp (NASDAQ:ONB – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,638 shares of the bank’s stock, valued at approximately $535,000.

Several other hedge funds have also modified their holdings of ONB. Carlson Capital L.P. lifted its position in Old National Bancorp by 1.1% during the 4th quarter. Carlson Capital L.P. now owns 38,000 shares of the bank’s stock worth $848,000 after acquiring an additional 400 shares in the last quarter. Glenmede Investment Management LP boosted its holdings in Old National Bancorp by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 62,048 shares of the bank’s stock worth $1,362,000 after acquiring an additional 625 shares during the period. Teza Capital Management LLC grew its position in Old National Bancorp by 6.8% in the second quarter. Teza Capital Management LLC now owns 10,993 shares of the bank’s stock valued at $235,000 after acquiring an additional 702 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Old National Bancorp by 4.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 16,863 shares of the bank’s stock valued at $376,000 after acquiring an additional 703 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in Old National Bancorp by 5.9% in the fourth quarter. HB Wealth Management LLC now owns 13,147 shares of the bank’s stock valued at $293,000 after acquiring an additional 730 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Old National Bancorp

In other news, insider Nicholas J. Chulos sold 20,000 shares of the 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 in the company, valued at approximately $1,427,483.04. This represents a 27.19% decrease in their position. The sale 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 that occurred on Thursday, July 30th. The stock was 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 $1,677,853.71. The trade was a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is currently owned by corporate insiders.

Old National Bancorp Trading Down 2.8%

NASDAQ ONB opened at $25.91 on Thursday. Old National Bancorp has a one year low of $19.39 and a one year high of $27.36. The company has a 50-day simple moving average of $26.18 and a 200-day simple moving average of $24.46. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $9.91 billion, a PE ratio of 11.52 and a beta of 0.84.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $726.86 million for the quarter, compared to analyst estimates of $716.25 million. Old National Bancorp had a net margin of 21.60% and a return on equity of 11.80%. Old National Bancorp’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, equities analysts forecast that Old National Bancorp will post 2.6 earnings per share for the current year.

Old National Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Saturday, September 5th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.58 annualized dividend and a dividend yield of 2.2%. Old National Bancorp’s dividend payout ratio is 25.78%.

Wall Street Analysts Forecast Growth

ONB has been the topic of a number of recent research reports. Citigroup boosted their target price on shares of Old National Bancorp from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of Old National Bancorp from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Stephens lifted their price target on shares of Old National Bancorp from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada lifted their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Barclays boosted their price objective on shares of Old National Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.36.

Get Our Latest Research Report on ONB

Old National Bancorp Profile

(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.