Old National Bancorp (NASDAQ: ONB) Not A Good Play Anymore?

Old National Bancorp (ONB) concluded trading on Wednesday at a closing price of $23.21, with 4.16 million shares of worth about $96.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.10% during that period and on July 09, 2025 the price saw a gain of about 1.31%. Currently the company’s common shares owned by public are about 319.24M shares, out of which, 316.50M shares are available for trading.

Stock saw a price change of 4.74% in past 5 days and over the past one month there was a price change of 9.22%. Year-to-date (YTD), ONB shares are showing a performance of 38.07% which increased to 6.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.50 but also hit the highest price of $24.49 during that period. The average intraday trading volume for Old National Bancorp shares is 3.41 million. The stock is currently trading 8.06% above its 20-day simple moving average (SMA20), while that difference is up 8.69% for SMA50 and it goes to 9.20% higher than SMA200.

Old National Bancorp (NASDAQ: ONB) currently have 319.24M outstanding shares and institutions hold larger chunk of about 86.49% of that.

The stock has a current market capitalization of $8.59B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 13.50, while it has posted earnings per share of $1.72 in the same period. Its PEG reads 0.77 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 1.97% while standing at 2.31% over the month.

Stock’s fiscal year EPS is expected to rise by 15.80% while it is estimated to increase by 21.86% in next year. EPS is likely to grow at an annualized rate of 17.49% 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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