Old National Bancorp (NASDAQ:ONB) Upgraded at Raymond James Financial

Posted by Geri Gentry on Oct 9th, 2026

Raymond James Financial upgraded shares of Old National Bancorp (NASDAQ:ONB – Free Report) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, Marketbeat reports. Raymond James Financial currently has $29.00 target price on the bank’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group began coverage on shares of Old National Bancorp in a research note on Tuesday, July 7th. They set a “buy” rating and a $32.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Old National Bancorp from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. 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 note on Tuesday, July 7th. Royal Bank Of Canada increased their price objective 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Old National Bancorp in a research report on Tuesday, September 1st. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.86.

Read Our Latest Stock Analysis on ONB

Old National Bancorp Trading Up 1.3%

ONB stock opened at $24.73 on Tuesday. Old National Bancorp has a 1-year low of $19.39 and a 1-year high of $27.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 10.99 and a beta of 0.86. The business has a 50 day simple moving average of $25.78 and a two-hundred day simple moving average of $24.89.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $716.25 million. During the same period last year, the firm posted $0.53 EPS. The company’s revenue was up 13.2% on a year-over-year basis. Research analysts anticipate that Old National Bancorp will post 2.6 EPS for the current fiscal year.

Old National Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Saturday, September 5th were given a dividend of $0.1450 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, September 4th. Old National Bancorp’s dividend payout ratio is currently 25.78%.

Insiders Place Their Bets

In related news, insider Nicholas Chulos sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $26.66, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chady Alahmar sold 11,771 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 63,531 shares in the company, valued at $1,677,853.71. This represents a 15.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Old National Bancorp

A number of large investors have recently made changes to their positions in ONB. Archer Investment Corp purchased a new position in Old National Bancorp in the second quarter worth about $39,000. Integrated Wealth Concepts LLC bought a new stake in Old National Bancorp during the second quarter worth approximately $41,000. FNY Investment Advisers LLC purchased a new stake in Old National Bancorp during the second quarter valued at approximately $49,000. Philadelphia Investment Partners LLC purchased a new stake in Old National Bancorp during the second quarter valued at approximately $81,000. Finally, International Assets Investment Management LLC raised its position in Old National Bancorp by 2,040.5% during the first quarter. International Assets Investment Management LLC now owns 3,703 shares of the bank’s stock valued at $83,000 after purchasing an additional 3,530 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Old National Bancorp Company Profile

(Get Free Report)

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

Old National Bank offers a range of products and services, including checking and savings accounts, consumer and commercial lending, mortgages, treasury management, wealth management, investment services and personal financial planning.