Old National Bancorp
About: Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.
Employees: 4,105
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
411,265% more call options, than puts
Call options by funds: $107M | Put options by funds: $26K
39% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 31
8% more capital invested
Capital invested by funds: $4.5B [Q2] → $4.86B (+$358M) [Q3]
4% more funds holding
Funds holding: 327 [Q2] → 339 (+12) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.46% less ownership
Funds ownership: 82.25% [Q2] → 81.79% (-0.46%) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 114
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
14%
upside
Avg. target
$27
24%
upside
High target
$28
28%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Barclays Jared Shaw 60% 1-year accuracy 44 / 73 met price target | 24%upside $27 | Overweight Maintained | 20 Dec 2024 |
Raymond James David Long 80% 1-year accuracy 16 / 20 met price target | 28%upside $28 | Strong Buy Upgraded | 26 Nov 2024 |
RBC Capital Jon Arfstrom 80% 1-year accuracy 43 / 54 met price target | 14%upside $25 | Sector Perform Maintained | 26 Nov 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 72% 1-year accuracy 13 / 18 met price target | 28%upside $28 | Outperform Maintained | 26 Nov 2024 |
Piper Sandler Scott Siefers 52% 1-year accuracy 13 / 25 met price target | 24%upside $27 | Overweight Reiterated | 26 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
3 weeks ago
Best Momentum Stocks to Buy for December 3rd
VIK, AHR and ONB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 3, 2024.
Positive
Zacks Investment Research
4 weeks ago
ONB to Expand Midwest Presence With $1.4B Bremer Acquisition, Stock Up
Old National Bancorp. is set to buy Bremer for $1.4 billion to boost its presence in the lucrative Midwest region.
Neutral
GlobeNewsWire
1 month ago
Old National Announces Pricing of Common Stock Offering
EVANSVILLE, Ind., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) (“Old National”) today announced the pricing of an underwritten public offering of 19,047,619 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $21.00 per share (before underwriting discounts and commissions), for an aggregate offering amount of $400 million. The approximate net proceeds of the offering will be $384 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and assuming full physical settlement of the forward sale agreement at the initial forward price) in connection with the forward sale agreement described below.
Neutral
GlobeNewsWire
1 month ago
Old National to partner with St. Paul, Minn.-based Bremer Financial Corporation
Bremer, with $16.2 billion in total assets, bolsters Old National's presence in the Twin Cities and expands its footprint into several other vibrant Midwestern markets Bremer, with $16.2 billion in total assets, bolsters Old National's presence in the Twin Cities and expands its footprint into several other vibrant Midwestern markets
Neutral
GlobeNewsWire
1 month ago
Old National Bank Earns 2025 Military Friendly® Employer, Supplier, Brand Designations
EVANSVILLE, Ind., Nov. 22, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) announced today that it has earned the 2025 Military Friendly® Employer designation, evaluated from both public data sources and responses from a proprietary survey.
Neutral
GlobeNewsWire
1 month ago
Old National Launches Financial Education Podcast, Videos
EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) is expanding upon its long-standing commitment as a leader in the financial education space with two new, engaging digital initiatives: a Real-Life Finance Podcast, and a Smart Money Half-Minute video series.
Neutral
GlobeNewsWire
1 month ago
Old National Information Security Team Recognized as Top 50 Worldwide by OnCon
EVANSVILLE, Ind., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp's (“Old National”) information security team has been named a Top 50 Information Security Team Award winner in the 2024 OnCon Icon Awards.
Neutral
GlobeNewsWire
1 month ago
Old National, Axletree Solutions Collaborate for New Level of Secure Transaction Messaging Leveraging Swift
Old National Bank and and Axletree Solutions today announced an innovative collaboration whereby Axletree will host Old National's Swift architecture
Neutral
Seeking Alpha
2 months ago
Old National Bancorp: Not Enough Here To Buy
Old National Bancorp's revenue rose 6.5% to $486 million, beating estimates, but loan growth remains choppy and deposits are stable at $40.8 billion. Net interest income slightly increased to $397.9 million, with a solid net interest margin of 3.32%, though higher funding costs offset gains. Asset quality showed mixed results, with higher loan loss provisions and net charge-offs, but return metrics and efficiency ratio improved.
Neutral
Seeking Alpha
2 months ago
Old National Bancorp (ONB) Q3 2024 Earnings Call Transcript
Old National Bancorp (NASDAQ:ONB ) Q3 2024 Results Conference Call October 22, 2024 10:00 AM ET Company Participants Lynell Walton - SVP & Director of Investor Relations Jim Ryan - CEO & Chairman John Moran - SVP, Chief Strategy Officer & CFO Mark Sander - President & COO Jim Sandgren - EVP & CEO of Commercial Banking Conference Call Participants Scott Siefers - Piper Sandler Brendan Nosal - Hovde Group Ben Gerlinger - Citi Terry McEvoy - Stephens Jared Shaw - Barclays Chris McGratty - KBW David Long - Raymond James Jon Arfstrom - RBC Capital Markets Lynell Walton Ladies and gentlemen, welcome to the Old National Bancorp Third Quarter 2024 Earnings Conference Call. This call is being recorded and has been made accessible to the public in accordance with the SEC's Regulation FD.
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