Old National Bancorp (ONB) Stock Analysis
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $23.25, but acceptable to hold if already in. Reasons: Thin upside margin: 4.9%; Negative momentum.
Old National Bancorp is the sixth-largest Midwestern-headquartered bank by assets with $72.2 billion in total assets as of December 31, 2025, operating 346 banking centers primarily in Illinois, Indiana, Minnesota, and other Midwest/Southeast states. It earns interest income on... Read more
Hold if already holding. Not a fresh buy at $23.25, but acceptable to hold if already in. Reasons: Thin upside margin: 4.9%; Negative momentum. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Score 6.4/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 62d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Recent Developments — Old National Bancorp
Latest news
- Old National Bancorp (NASDAQ: ONB) Q1 2026 earnings surge on larger loan book - Stock Titan — Stock Titan positive
- 5 Revealing Analyst Questions From Old National Bank’s Q1 Earnings Call - StockStory — StockStory positive
- Jefferies Financial Group Forecasts Strong Price Appreciation for Old National Bancorp (NASDAQ:ONB) Stock - MarketBeat — MarketBeat positive
- Jefferies raises Old National Bancorp stock price target on loan growth - Investing.com — Investing.com positive
- Old National Bancorp stock (US6800331075): Why does its regional banking model matter more now? - AD HOC NEWS — AD HOC NEWS positive
Generated 2026-05-20T21:06:21Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicChicago-Naperville-Elgin33%10-K Item 1: 'Chicago-Naperville-Elgin, IL-IN-WI| 32.8 | | 202.4'
- MEDIUMregulatoryOCC10-K Item 1: 'As a national bank, Old National Bank is subject to primary regulation, supervision, and examination by the OCC.'
Material Events(8-K, last 90d)
- 2026-02-19Item 5.02LOWEllen Rudnick, Rebecca Skillman, Stephen Van Arsdell, and Austin Ramirez indicated intent to retire from the Board at the 2026 annual meeting (May 13, 2026), per mandatory age 75 retirement policy. No disagreements cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker·2 ceiling hits
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $23.25, but acceptable to hold if already in. Reasons: Thin upside margin: 4.9%; Negative momentum. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Target $24.28 (+4.4%), stop $22.40 (−3.8%), A.R:R 1.0:1. Score 6.4/10, moderate confidence.
Take-profit target: $24.28 (+4.9% upside). Target $24.28 (+4.4%), stop $22.40 (−3.8%), A.R:R 1.0:1. Stop-loss: $22.40.
Thin upside margin: 4.9%; Negative momentum.
Old National Bancorp trades at a P/E of 12.1 (forward 8.1). TrendMatrix value score: 8.2/10. Verdict: Hold.
15 analysts cover ONB with a consensus score of 3.8/5. Average price target: $28.
What does Old National Bancorp do?Old National Bancorp is the sixth-largest Midwestern-headquartered bank by assets with $72.2 billion in total assets as...
Old National Bancorp is the sixth-largest Midwestern-headquartered bank by assets with $72.2 billion in total assets as of December 31, 2025, operating 346 banking centers primarily in Illinois, Indiana, Minnesota, and other Midwest/Southeast states. It earns interest income on loans and fee income from commercial, consumer, wealth management, and capital markets services, with Chicago representing 32.8% of franchise deposits.