Better Times Ahead For Old National Bancorp (NASDAQ: ONB)?

Old National Bancorp (ONB) concluded trading on Thursday at a closing price of $20.75, with 13.77 million shares of worth about $285.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.21% during that period and on May 22, 2025 the price saw a gain of about 0.39%. Currently the company’s common shares owned by public are about 369.93M shares, out of which, 323.68M shares are available for trading.

Stock saw a price change of -7.03% in past 5 days and over the past one month there was a price change of 0.92%. Year-to-date (YTD), ONB shares are showing a performance of -4.40% which increased to 19.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.60 but also hit the highest price of $24.49 during that period. The average intraday trading volume for Old National Bancorp shares is 3.00 million. The stock is currently trading -3.06% below its 20-day simple moving average (SMA20), while that difference is up 0.33% for SMA50 and it goes to -0.49% lower than SMA200.

Old National Bancorp (NASDAQ: ONB) currently have 369.93M outstanding shares and institutions hold larger chunk of about 86.49% of that.

The stock has a current market capitalization of $7.68B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 12.07, while it has posted earnings per share of $1.72 in the same period. Its PEG reads 0.71 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ONB, volatility over the week remained 2.02% while standing at 1.69% over the month.

Stock’s fiscal year EPS is expected to rise by 13.51% while it is estimated to increase by 23.94% in next year. EPS is likely to grow at an annualized rate of 17.06% for next 5-years, compared to annual growth of 4.04% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on May 21, 2025 offering a Hold rating for the stock and assigned a target price of $24 to it. Coverage by Truist stated Old National Bancorp (ONB) stock as a Buy in their note to investors on May 13, 2025, suggesting a price target of $26 for the stock. On November 26, 2024, Raymond James Upgrade their recommendations, while on June 03, 2024, Hovde Group Resumed their ratings for the stock with a price target of $20. Stock get an Overweight rating from Barclays on March 08, 2024.

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