The Manufacturers Life Insurance Company Acquires Shares of 5,197,295 Old National Bancorp $ONB

Posted by Geri Gentry on Aug 25th, 2026

The Manufacturers Life Insurance Company bought a new position in shares of Old National Bancorp (NASDAQ:ONB – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,197,295 shares of the bank’s stock, valued at approximately $134,610,000.

Other institutional investors have also bought and sold shares of the company. Carlson Capital L.P. grew its position in Old National Bancorp by 1.1% in the fourth quarter. Carlson Capital L.P. now owns 38,000 shares of the bank’s stock valued at $848,000 after acquiring an additional 400 shares during the period. Glenmede Investment Management LP lifted its holdings in Old National Bancorp by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 62,048 shares of the bank’s stock valued at $1,362,000 after purchasing an additional 625 shares during the last quarter. Teza Capital Management LLC raised its stake in shares of 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 during the last quarter. CIBC Private Wealth Group LLC raised its position in Old National Bancorp by 4.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 16,863 shares of the bank’s stock valued at $376,000 after purchasing an additional 703 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of 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 buying an additional 730 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Old National Bancorp news, CEO Chady M. Alahmar sold 11,771 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $26.41, for a total transaction of $310,872.11. Following the completion of the transaction, the chief executive officer owned 63,531 shares in the company, valued at approximately $1,677,853.71. This represents a 15.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas J. Chulos sold 20,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $26.66, for a total value of $533,200.00. Following the transaction, the insider owned 53,544 shares of the company’s stock, valued at approximately $1,427,483.04. This trade represents a 27.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup upped their price objective on Old National Bancorp from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Old National Bancorp in a research note on Thursday, June 4th. Royal Bank Of Canada boosted their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. TD Cowen upped their price objective on shares of Old National Bancorp from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial started coverage on Old National Bancorp in a research note on Tuesday, July 7th. They set a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.36.

Read Our Latest Stock Analysis on Old National Bancorp

Old National Bancorp Stock Performance

Shares of ONB stock opened at $25.77 on Tuesday. 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 company has a market capitalization of $9.86 billion, a P/E ratio of 11.45 and a beta of 0.84. The company’s 50 day moving average price is $26.23 and its two-hundred day moving average price is $24.48. Old National Bancorp has a 52 week low of $19.39 and a 52 week high of $27.36.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.65 earnings per share for the quarter, beating 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 company had revenue of $726.86 million during the quarter, compared to analysts’ expectations of $716.25 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts expect that Old National Bancorp will post 2.6 earnings per share for the current fiscal year.

Old National Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Saturday, September 5th will be given a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, September 4th. Old National Bancorp’s payout ratio is currently 25.78%.

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.