<div id="readability-page-1"><p>Analysts at Truist Financial started coverage on shares of <span>Old National Bancorp (NASDAQ:ONB - Get Free Report)</span> in a note issued to investors on Tuesday. The brokerage set a &#34;buy&#34; rating and a $26.00 price target on the bank's stock. Truist Financial's price objective suggests a potential upside of 16.23% from the company's previous close.</p><div><p><span></span><span>Get <strong>Old National Bancorp</strong> alerts:</span></p></div><p>Several other research analysts also recently weighed in on the stock. Barclays decreased their price target on shares of Old National Bancorp from $27.00 to $25.00 and set an &#34;overweight&#34; rating on the stock in a research report on Tuesday, April 8th. Raymond James decreased their target price on Old National Bancorp from $29.00 to $27.00 and set a &#34;strong-buy&#34; rating on the stock in a research report on Wednesday, April 2nd. Stephens  reiterated an &#34;overweight&#34; rating and set a $27.00 price target on shares of Old National Bancorp in a research note on Monday, April 14th. Royal Bank of Canada cut their target price on Old National Bancorp from $26.00 to $23.00 and set a &#34;sector perform&#34; rating on the stock in a research report on Wednesday, April 23rd. Finally, Citigroup decreased their price target on Old National Bancorp from $30.00 to $28.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, seven have assigned  a buy rating and one  has given a strong buy rating to the stock. According to data from MarketBeat, Old National Bancorp  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $25.67.</p><p><b>View Our Latest Stock Report on Old National Bancorp</b></p><h2>Old National Bancorp Price Performance</h2><p>ONB stock traded up $0.24 during midday trading on Tuesday, reaching $22.37. 351,787 shares of the stock were exchanged, compared to its average volume of 2,495,190. Old National Bancorp has a 52 week low of $15.60 and a 52 week high of $24.49. 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 stock has a market capitalization of $7.15 billion, a PE ratio of 13.32 and a beta of 0.85. The company has a fifty day moving average price of $20.42 and a 200 day moving average price of $21.70. </p><p>Old National Bancorp (NASDAQ:ONB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Old National Bancorp had a return on equity of 10.13% and a net margin of 18.24%. The firm had revenue of $486.87 million for the quarter, compared to analyst estimates of $478.37 million.  As a group, analysts expect that  Old National Bancorp will post 2.08 EPS for the current fiscal year. </p><h2>Institutional Trading of Old National Bancorp</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lee Danner &amp; Bass Inc. acquired a new stake in  Old National Bancorp during the fourth quarter worth approximately $25,000.  Empowered Funds LLC acquired a new position in shares of  Old National Bancorp in the 4th quarter valued at $28,000.  UMB Bank n.a. raised its position in  Old National Bancorp by 58.9% during the fourth quarter. UMB Bank n.a. now owns 1,788 shares of the bank's stock valued at $39,000 after acquiring an additional 663 shares in the last quarter.  USA Financial Formulas acquired a new position in  Old National Bancorp in the 1st quarter valued at approximately $50,000.  Finally, Bank of Jackson Hole Trust acquired a new position in  Old National Bancorp during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own  83.66% of the company's stock. </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>Featured Articles</h2><ul><li>Five stocks we like better than Old National Bancorp</li><li>2 Rising CRM Platform Stocks That Can Surge Higher in 2025 </li><li>NuScale Power in Rebound Mode With Short-Squeeze a Possibility</li><li>Want to Profit on the Downtrend? Downtrends, Explained.</li><li>Qualcomm Is 5x Cheaper Than AMD, but Won’t Be for Long</li><li>What is Put Option Volume?</li><li>3 Huge S&amp;P 500 Winners From Trump Trade Deal &amp; The Biggest Loser</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>Truist Financial has initiated coverage on Old National Bancorp (NASDAQ:ONB), issuing a "buy" rating with a price target of $26.00, indicating a potential upside of 16.23%. Other analysts have varied opinions, with Barclays lowering their target to $25.00 and Raymond James to $27.00. Old National Bancorp's stock is currently trading at $22.37, with a consensus rating of "Moderate Buy" and an average price target of $25.67. The company reported earnings of $0.45 per share, exceeding estimates, and has a market capitalization of $7.15 billion.</p>

Old National Bancorp (NASDAQ:ONB) Coverage Initiated at Truist Financial