<div id="readability-page-1"><p>Old National Bancorp (NASDAQ:ONB - Get Free Report) has been assigned a consensus rating of &#34;Buy&#34; from the seven ratings firms that are  covering the firm, Marketbeat Ratings reports. One investment analyst  has rated the stock with a hold recommendation, five have given a buy recommendation and one  has given a strong buy recommendation to  the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.00.</p><div><p><span></span><span>Get <strong>Old National Bancorp</strong> alerts:</span></p></div><p>ONB has been the subject of a number of recent analyst reports. Raymond James dropped their price target on shares of Old National Bancorp from $29.00 to $27.00 and set a &#34;strong-buy&#34; rating for the company in a research note on Wednesday. Stephens  restated an &#34;overweight&#34; rating and set a $27.00 target price on shares of Old National Bancorp in a research report on Wednesday, January 22nd. Royal Bank of Canada  reiterated a &#34;sector perform&#34; rating and issued a $26.00 price target (up from $24.00) on shares of Old National Bancorp in a report on Wednesday, January 22nd. Finally, Barclays boosted their price objective on Old National Bancorp from $26.00 to $27.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, December 20th.</p><p><b>View Our Latest Report on Old National Bancorp</b></p><h2>Old National Bancorp Price Performance</h2><p>NASDAQ:ONB opened at $18.78 on Friday. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 11.18 and a beta of 0.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.93 and a quick ratio of 0.92. The business has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $21.43. Old National Bancorp has a 1 year low of $15.38 and a 1 year high of $24.49. </p><p>Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. During the same period in the prior year, the firm earned $0.46 earnings per share.  Equities analysts forecast that  Old National Bancorp will post 2.08 EPS for the current year. </p><h2>Old National Bancorp Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date  was Wednesday, March 5th. Old National Bancorp's payout ratio is 33.33%. </p><h2>Institutional Trading of Old National Bancorp</h2><p>Several institutional investors and hedge funds have recently made changes to their positions in ONB. Vanguard Group Inc. increased its position in  Old National Bancorp by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 33,921,274 shares of the bank's stock valued at $736,261,000 after purchasing an additional 290,005 shares during the period.  Dimensional Fund Advisors LP increased its holdings in  Old National Bancorp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,106,289 shares of the bank's stock valued at $371,294,000 after buying an additional 132,002 shares during the period.  State Street Corp increased its holdings in  Old National Bancorp by 0.3% during the third quarter. State Street Corp now owns 14,787,843 shares of the bank's stock valued at $275,941,000 after buying an additional 42,723 shares during the period.  Wellington Management Group LLP raised its stake in  Old National Bancorp by 923.4% in the fourth quarter. Wellington Management Group LLP now owns 8,724,893 shares of the bank's stock worth $189,374,000 after buying an additional 7,872,318 shares in the last quarter.  Finally, Geode Capital Management LLC lifted its holdings in  Old National Bancorp by 6.6% during the third quarter. Geode Capital Management LLC now owns 8,331,969 shares of the bank's stock worth $155,502,000 after buying an additional 514,315 shares during the period. 83.66% of the stock is currently owned by institutional investors. </p><h2>Old National Bancorp Company Profile</h2> (Get Free Report<p>Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Old National Bancorp</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>Shares of RH Down Nearly 40%: Where Investors Can Turn To Now</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T05C?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T05C"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Old National Bancorp Right Now?</h2><p>Before you consider Old National Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old National Bancorp wasn't on the list.</p><p>While Old National Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Old National Bancorp (NASDAQ:ONB) has received a consensus "Buy" rating from analysts, with one hold, five buy, and one strong buy recommendation. The average price target is $26.00. Recent analyst reports include Raymond James lowering its target from $29.00 to $27.00, while Barclays raised its target from $26.00 to $27.00. The bank reported $0.49 EPS, exceeding estimates, and declared a quarterly dividend of $0.14 per share. Institutional investors hold 83.66% of the stock, reflecting strong interest in the company.</p>

Old National Bancorp (NASDAQ:ONB) Receives Consensus Recommendation of "Buy" from Analysts