Old National Bancorp (ONB) Stock Analysis
Breakout setup
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $23.92, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Midwest and Southeast United States; Analyst target reached - limited upside remaining.
Old National Bancorp is the sixth largest Midwestern-headquartered bank by assets ($72.2B at December 31, 2025), operating 346 banking centers primarily in the Midwest and Southeast U.S. including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, and other states. Revenue... Read more
Hold if already holding. Not a fresh buy at $23.92, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Midwest and Southeast United States; Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 55, MACD bullish. Maintain position. Not compelling to add more. Score 6.4/10, moderate confidence.
Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 81d clear, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicMidwest and Southeast United States10-K Item 1A: 'Substantially all of Old National's loans are to individuals and businesses in Old National's market areas in the Midwest and Southeast regions of the United States'
Material Events(8-K, last 90d)
- 2026-02-19Item 5.02LOWDirectors Ellen A. Rudnick, Rebecca S. Skillman, and Stephen C. Van Arsdell will retire at 2026 annual meeting (May 13) per age-75 Board policy. Austin M. Ramirez also indicated retirement intent. 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 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $23.92, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Midwest and Southeast United States; Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 55, MACD bullish. Maintain position. Not compelling to add more. Target $24.28 (+1.5%), stop $22.74 (−5.2%), A.R:R 0.2:1. Score 6.4/10, moderate confidence.
Take-profit target: $24.28 (+1.6% upside). Target $24.28 (+1.5%), stop $22.74 (−5.2%), A.R:R 0.2:1. Stop-loss: $22.74.
Concentration risk — Geographic: Midwest and Southeast United States; Analyst target reached - limited upside remaining.
Old National Bancorp trades at a P/E of 12.1 (forward 8.1). TrendMatrix value score: 8.2/10. Verdict: Hold.
16 analysts cover ONB with a consensus score of 3.9/5. Average price target: $28.
What does Old National Bancorp do?Old National Bancorp is the sixth largest Midwestern-headquartered bank by assets ($72.2B at December 31, 2025),...
Old National Bancorp is the sixth largest Midwestern-headquartered bank by assets ($72.2B at December 31, 2025), operating 346 banking centers primarily in the Midwest and Southeast U.S. including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, and other states. Revenue comes from net interest income on commercial, real estate, and consumer loans, plus fee income from wealth management, capital markets, and treasury services.