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Old National Bancorp (ONB) Stock Forecast, Price Target & Predictions

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ONB Stock Forecast

Old National Bancorp stock forecast is as follows: an average price target of $23.00 (represents a 7.88% upside from ONB’s last price of $21.32) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

ONB Price Target

The average price target for Old National Bancorp (ONB) is $23.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $22.00. This represents a potential 7.88% upside from ONB's last price of $21.32.

ONB Analyst Ratings

Buy

According to 8 Wall Street analysts, Old National Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for ONB stock is 1 'Strong Buy' (12.50%), 6 'Buy' (75.00%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Old National Bancorp Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 03, 2024Scott SiefersPiper Sandler$23.00$19.5717.50%7.88%
Jul 30, 2024Benjamin GerlingerCitigroup$24.00$19.9620.24%12.57%
Jun 24, 2024Jared ShawBarclays$22.00$16.4833.50%3.19%

The latest Old National Bancorp stock forecast, released on Sep 03, 2024 by Scott Siefers from Piper Sandler, set a price target of $23.00, which represents a 17.50% increase from the stock price at the time of the forecast ($19.57), and a 7.88% increase from ONB last price ($21.32).

Old National Bancorp Price Target by Period

1M3M12M
# Anlaysts--3
Avg Price Target--$23.00
Last Closing Price$21.32$21.32$21.32
Upside/Downside-100.00%-100.00%7.88%

In the current month, the average price target of Old National Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Old National Bancorp's last price of $21.32. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 26, 2024Raymond JamesStrong BuyUpgrade
Sep 26, 2024BarclaysOverweightOverweightHold
Sep 03, 2024Piper SandlerOverweightOverweightHold
Jul 30, 2024CitigroupBuyBuyHold
Jul 24, 2024RBC CapitalSector PerformSector PerformHold
Jun 24, 2024RBC CapitalSector PerformSector PerformHold
Jun 24, 2024Keefe, Bruyette & WoodsUnderperformUnderperformHold
Jun 24, 2024BarclaysOverweightOverweightHold
Apr 02, 2024StephensUnderperformUnderperformHold
Apr 02, 2024UBSBuyBuyHold
Jul 10, 2023UBSBuyUpgrade
May 13, 2022National SecuritiesPositiveUpgrade
May 13, 2022National Securities CorporationOverweightUpgrade
May 13, 2022StephensOverweightUpgrade

Old National Bancorp's last stock rating was published by Raymond James on Nov 26, 2024. The company Upgrade its ONB rating from "null" to "Strong Buy".

Old National Bancorp Financial Forecast

Old National Bancorp Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$445.71M$456.02M$463.80M$452.17M$556.13M$50.46M$426.59M$288.02M$198.26M$206.09M$201.44M$204.83M$219.63M$210.33M$204.13M$199.50M$194.75M$205.25M
Avg Forecast$718.97M$712.20M$703.27M$692.30M$689.66M$640.09M$495.90M$485.59M$486.67M$482.20M$473.00M$440.00M$448.82M$452.60M$447.80M$458.04M$487.52M$437.97M$390.55M$262.78M$203.75M$202.52M$205.27M$208.85M$206.08M$202.08M$196.97M$194.57M$202.74M$201.23M
High Forecast$724.81M$717.99M$708.98M$697.92M$695.26M$645.29M$499.93M$486.81M$487.04M$482.31M$473.00M$440.00M$449.95M$457.13M$451.44M$461.77M$491.48M$437.97M$390.55M$262.78M$203.75M$202.52M$205.27M$208.85M$206.08M$202.08M$196.97M$194.57M$202.74M$201.23M
Low Forecast$710.42M$703.74M$694.91M$684.07M$681.46M$632.48M$490.00M$484.78M$486.34M$482.09M$473.00M$440.00M$446.85M$442.63M$442.48M$452.60M$481.72M$437.97M$390.55M$262.78M$203.75M$202.52M$205.27M$208.85M$206.08M$202.08M$196.97M$194.57M$202.74M$201.23M
# Analysts444433355411376322223456659644
Surprise %------------0.99%1.01%1.04%0.99%1.14%0.12%1.09%1.10%0.97%1.02%0.98%0.98%1.07%1.04%1.04%1.03%0.96%1.02%

Old National Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $440.00M, with a low forecast of $440.00M, and a high forecast of $440.00M. ONB's average Quarter revenue forecast represents a -1.28% decrease compared to the company's last Quarter revenue of $445.71M (Dec 23).

Old National Bancorp EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433355411376322223456659644
EBITDA------------$208.11M$198.22M$208.49M$308.37M$335.56M$225.21M$173.96M$-10.98M$87.65M$109.18M$97.17M$125.72M$100.93M$114.82M$87.84M$62.18M$98.96M$126.77M
Avg Forecast$301.19M$298.36M$294.61M$290.02M$288.91M$268.15M$207.74M$203.43M$203.88M$202.00M$198.15M$-10.94M$188.02M$189.60M$187.60M$-9.95M$65.43M$173.79M$154.97M$-9.04M$80.85M$80.36M$81.45M$91.99M$81.78M$80.18M$78.16M$85.94M$80.45M$79.85M
High Forecast$303.64M$300.78M$297.01M$292.38M$291.26M$270.33M$209.43M$203.94M$204.03M$202.05M$198.15M$-8.75M$188.50M$191.50M$189.12M$-7.96M$78.51M$173.79M$154.97M$-7.23M$80.85M$80.36M$81.45M$110.39M$81.78M$80.18M$78.16M$103.12M$80.45M$79.85M
Low Forecast$297.61M$294.81M$291.11M$286.57M$285.48M$264.96M$205.27M$203.09M$203.74M$201.96M$198.15M$-13.13M$187.20M$185.43M$185.37M$-11.93M$52.34M$173.79M$154.97M$-10.85M$80.85M$80.36M$81.45M$73.59M$81.78M$80.18M$78.16M$68.75M$80.45M$79.85M
Surprise %------------1.11%1.05%1.11%-31.01%5.13%1.30%1.12%1.21%1.08%1.36%1.19%1.37%1.23%1.43%1.12%0.72%1.23%1.59%

1 analysts predict ONB's average Quarter EBITDA for Mar 24 to be $-10.94M, with a high of $-8.75M and a low of $-13.13M. This is -105.26% lower than Old National Bancorp's previous annual EBITDA (Dec 23) of $208.11M.

Old National Bancorp Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433355411376322223456659644
Net Income------------$132.48M$147.88M$155.04M$146.60M$200.74M$140.15M$114.98M$-27.59M$56.19M$71.75M$62.79M$86.82M$74.12M$77.94M$51.70M$22.64M$49.19M$69.78M
Avg Forecast$205.21M$200.98M$196.75M$191.46M$186.41M$164.21M$154.03M$146.00M$147.43M$146.24M$140.43M$-27.49M$151.87M$158.51M$159.12M$-24.99M$41.94M$157.33M$124.32M$-22.72M$120.78M$115.73M$127.94M$63.53M$120.26M$105.79M$75.50M$31.29M$109.97M$108.23M
High Forecast$207.38M$203.10M$198.82M$193.48M$188.38M$165.94M$155.66M$147.55M$148.99M$146.42M$140.51M$-21.99M$153.47M$164.85M$160.80M$-19.99M$50.33M$157.33M$124.32M$-18.17M$120.78M$115.73M$127.94M$76.23M$120.26M$105.79M$75.50M$37.55M$109.97M$108.23M
Low Forecast$202.04M$197.87M$193.71M$188.50M$183.53M$161.67M$151.65M$143.75M$145.15M$146.05M$140.36M$-32.99M$148.70M$152.17M$156.66M$-29.99M$33.55M$157.33M$124.32M$-27.26M$120.78M$115.73M$127.94M$50.82M$120.26M$105.79M$75.50M$25.03M$109.97M$108.23M
Surprise %------------0.87%0.93%0.97%-5.87%4.79%0.89%0.92%1.21%0.47%0.62%0.49%1.37%0.62%0.74%0.68%0.72%0.45%0.64%

Old National Bancorp's average Quarter net income forecast for Mar 24 is $-27.49M, with a range of $-32.99M to $-21.99M. ONB's average Quarter net income forecast represents a -120.75% decrease compared to the company's last Quarter net income of $132.48M (Dec 23).

Old National Bancorp SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433355411376322223456659644
SG&A------------$220.70M$149.99M$159.50M$157.19M$156.78M$189.47M$207.40M$153.18M$92.56M$89.78M$90.61M$87.02M$97.78M$85.19M$82.89M$96.14M$91.66M$88.10M
Avg Forecast$295.75M$292.96M$289.29M$284.78M$283.69M$263.30M$203.99M$199.75M$200.19M$198.35M$194.57M$152.64M$184.62M$186.18M$184.20M$138.76M$69.09M$190.43M$169.82M$126.15M$88.59M$88.06M$89.25M$63.67M$89.61M$87.87M$85.64M$132.88M$88.16M$87.50M
High Forecast$298.15M$295.34M$291.64M$287.09M$286.00M$265.44M$205.64M$200.25M$200.34M$198.40M$194.57M$183.16M$185.09M$188.04M$185.70M$166.51M$82.91M$190.43M$169.82M$151.37M$88.59M$88.06M$89.25M$76.41M$89.61M$87.87M$85.64M$159.46M$88.16M$87.50M
Low Forecast$292.23M$289.48M$285.85M$281.39M$280.32M$260.17M$201.56M$199.42M$200.05M$198.31M$194.57M$122.11M$183.81M$182.08M$182.01M$111.01M$55.27M$190.43M$169.82M$100.92M$88.59M$88.06M$89.25M$50.94M$89.61M$87.87M$85.64M$106.31M$88.16M$87.50M
Surprise %------------1.20%0.81%0.87%1.13%2.27%0.99%1.22%1.21%1.04%1.02%1.02%1.37%1.09%0.97%0.97%0.72%1.04%1.01%

Old National Bancorp's average Quarter SG&A projection for Mar 24 is $152.64M, based on 1 Wall Street analysts, with a range of $122.11M to $183.16M. The forecast indicates a -30.84% fall compared to ONB last annual SG&A of $220.70M (Dec 23).

Old National Bancorp EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433355411376322223456659644
EPS------------$0.45$0.49$0.52$0.49$0.68$0.47$0.38$-0.12$0.34$0.43$0.38$0.53$0.45$0.47$0.31$0.13$0.29$0.41
Avg Forecast$0.65$0.63$0.62$0.60$0.59$0.52$0.49$0.46$0.46$0.46$0.44$0.43$0.48$0.50$0.50$0.53$0.57$0.50$0.39$0.34$0.38$0.37$0.40$0.41$0.38$0.33$0.24$0.26$0.35$0.34
High Forecast$0.65$0.64$0.63$0.61$0.59$0.52$0.49$0.46$0.47$0.46$0.44$0.43$0.48$0.52$0.51$0.53$0.58$0.50$0.39$0.34$0.38$0.37$0.40$0.41$0.38$0.33$0.24$0.26$0.35$0.34
Low Forecast$0.64$0.62$0.61$0.59$0.58$0.51$0.48$0.45$0.46$0.46$0.44$0.43$0.47$0.48$0.49$0.52$0.56$0.50$0.39$0.34$0.38$0.37$0.40$0.41$0.38$0.33$0.24$0.26$0.35$0.34
Surprise %------------0.94%0.98%1.04%0.93%1.19%0.95%0.97%-0.35%0.89%1.19%0.94%1.29%1.18%1.42%1.32%0.52%0.84%1.19%

According to 1 Wall Street analysts, Old National Bancorp's projected average Quarter EPS for Mar 24 is $0.43, with a low estimate of $0.43 and a high estimate of $0.43. This represents a -4.70% decrease compared to ONB previous annual EPS of $0.45 (Dec 23).

Old National Bancorp Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
UMBFUMB Financial$120.26$136.3313.36%Buy
NBHCNational Bank$45.56$50.009.75%Hold
FFNWFirst Financial Northwest$21.85$23.507.55%Hold
WABCWestamerica Ban$55.19$57.003.28%Hold
ONBOld National Bancorp$22.35$23.002.91%Buy
IBCPIndependent Bank$37.31$35.50-4.85%Buy
TCBITexas Capital Bancshares$82.35$77.67-5.68%Buy
FFBCFirst Financial Ban$28.59$25.00-12.56%Hold

ONB Forecast FAQ

Is Old National Bancorp a good buy?

Yes, according to 8 Wall Street analysts, Old National Bancorp (ONB) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 6 'Buy' recommendations, accounting for 87.50% of ONB's total ratings.

What is ONB's price target?

Old National Bancorp (ONB) average price target is $23 with a range of $22 to $24, implying a 7.88% from its last price of $21.32. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Old National Bancorp stock go up soon?

According to Wall Street analysts' prediction for ONB stock, the company can go up by 7.88% (from the last price of $21.32 to the average price target of $23), up by 12.57% based on the highest stock price target, and up by 3.19% based on the lowest stock price target.

Can Old National Bancorp stock reach $30?

ONB's average twelve months analyst stock price target of $23 does not support the claim that Old National Bancorp can reach $30 in the near future.

What are Old National Bancorp's analysts' financial forecasts?

Old National Bancorp's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.31B (high $2.33B, low $2.29B), average EBITDA is $968.23M (high $974.95M, low $958.8M), average net income is $650.65M (high $657.52M, low $640.6M), average SG&A $950.73M (high $957.33M, low $941.47M), and average EPS is $2.05 (high $2.07, low $2.02). ONB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.83B (high $2.85B, low $2.79B), average EBITDA is $1.18B (high $1.19B, low $1.17B), average net income is $794.38M (high $802.77M, low $782.11M), average SG&A $1.16B (high $1.17B, low $1.15B), and average EPS is $2.5 (high $2.53, low $2.46).

Did the ONB's actual financial results beat the analysts' financial forecasts?

Based on Old National Bancorp's last annual report (Dec 2023), the company's revenue was $2.21B, beating the average analysts forecast of $1.81B by 22.11%. Apple's EBITDA was $751.3M, beating the average prediction of $555.28M by 35.30%. The company's net income was $581.99M, beating the average estimation of $444.51M by 30.93%. Apple's SG&A was $66.85M, missing the average forecast of $693.76M by -90.36%. Lastly, the company's EPS was $1.99, missing the average prediction of $2 by -0.72%. In terms of the last quarterly report (Dec 2023), Old National Bancorp's revenue was $445.71M, missing the average analysts' forecast of $448.82M by -0.69%. The company's EBITDA was $208.11M, beating the average prediction of $188.02M by 10.68%. Old National Bancorp's net income was $132.48M, missing the average estimation of $151.87M by -12.77%. The company's SG&A was $220.7M, beating the average forecast of $184.62M by 19.54%. Lastly, the company's EPS was $0.45, missing the average prediction of $0.479 by -5.97%