ONB
BULLISH
$23.36
Live
Old National Bancorp · NASDAQ
Target $27.36
(+17.1%)
$18.83
52W Range
$26.17
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 16, 2026
Market cap
$9.1B
P/E
13.05
ROE
9.0%
Profit margin
29.1%
Debt/Equity
N/A
Dividend yield
2.48%
AI Analysis
AI-powered fundamental assessment
Confidence
80%
Old National Bancorp presents a strong value opportunity, characterized by a stable Piotroski F-Score of 4/9 and a current price ($23.36) trading significantly below both its Graham Number ($29.23) and Intrinsic Value ($52.8). The company exhibits exceptional growth momentum with 41.4% YoY revenue growth and a consistent track record of earnings beats over 25 quarters. While technical trends are currently bearish and a large insider sale of $50M creates short-term headwinds, the fundamental valuation and growth metrics suggest significant upside. The low Price-to-Book ratio of 1.10 further reinforces the attractive entry point.
Key Strengths
Deeply undervalued relative to Graham Number ($29.23) and Intrinsic Value ($52.8)
Exceptional revenue growth of 41.4% YoY and 40.95% Q/Q
Strong earnings track record with 3/4 recent beats and a long history of surprises
Attractive valuation multiples (P/E 13.05, Forward P/E 8.15, P/B 1.10)
Sustainable dividend profile with a low payout ratio of 31.28%
Key Risks
Bearish technical trend (0/100 score) indicating short-term price pressure
Significant insider selling ($50M sale by trustee) signaling lack of immediate confidence
Moderate Piotroski F-Score (4/9) suggesting stable but not optimal financial health
Exposure to regional banking sector volatility and interest rate sensitivity
Low insider sentiment score (30/100)
AI Fair Value Estimate
Based on comprehensive analysis
$34.5
+47.7% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
79
Strong
92
88
90
55
70
AI Verdict
Strong Value Play
Key drivers: Revenue Growth, P/B Ratio, Earnings Consistency, Discount to Intrinsic Value
Confidence
85%
Value
92/100
Ref P/E, PEG, Graham Number
Positives
- Price is 20% below Graham Number
- Forward P/E of 8.15 is highly attractive
- P/B of 1.10 is low for the growth profile
Watchpoints
- Price/Sales of 3.96 is slightly elevated
Future
88/100
Ref Growth rates
Positives
- 41.4% YoY Revenue growth
- 17.2% Earnings growth
- Positive analyst target price of $27.36
Watchpoints
- Technical trend is currently 0/100
Past
90/100
Ref Historical trends
Positives
- Consistent earnings beats over 25 quarters
- Strong 3Y price change of +85.8%
Watchpoints
No urgent risks highlighted.
Health
55/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- ROA of 1.07% is healthy for regional banks
- Piotroski score is in the 'Stable' range
Watchpoints
- Piotroski F-Score of 4/9 is not 'Strong'
- Altman Z-Score not provided/applicable
Dividend
70/100
Ref Yield, Payout
Positives
- Low payout ratio (31.28%) ensures safety
- Consistent dividend rate of $0.58
Watchpoints
- Yield of 2.48% is modest
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$23.36
Analyst Target
$27.36
Upside/Downside
+17.1%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for ONB and closest competitors.
Updated 2026-04-15
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
ONB
Old National Bancorp
Primary
|
+42.0% | +85.8% | +23.0% | +11.0% | +8.6% | +0.5% |
|
AMG
Affiliated Managers Group, Inc.
Peer
|
+181.7% | +94.2% | +71.8% | +48.2% | +9.8% | -1.9% |
|
FRHC
Freedom Holdings Corp.
Peer
|
+190.3% | +116.4% | +16.4% | -11.5% | +13.8% | -0.3% |
|
BOKF
BOK Financial Corporation
Peer
|
+89.8% | +43.0% | +22.1% | +26.9% | +8.8% | +3.0% |
|
BPOP
Popular, Inc.
Peer
|
+138.1% | +95.5% | +24.0% | +7.1% | -3.2% | -4.8% |
ONB
Old National Bancorp
Primary
5Y
+42.0%
3Y
+85.8%
1Y
+23.0%
6M
+11.0%
1M
+8.6%
1W
+0.5%
AMG
Affiliated Managers Group, Inc.
Peer
5Y
+181.7%
3Y
+94.2%
1Y
+71.8%
6M
+48.2%
1M
+9.8%
1W
-1.9%
FRH
Freedom Holdings Corp.
Peer
5Y
+190.3%
3Y
+116.4%
1Y
+16.4%
6M
-11.5%
1M
+13.8%
1W
-0.3%
BOK
BOK Financial Corporation
Peer
5Y
+89.8%
3Y
+43.0%
1Y
+22.1%
6M
+26.9%
1M
+8.8%
1W
+3.0%
BPO
Popular, Inc.
Peer
5Y
+138.1%
3Y
+95.5%
1Y
+24.0%
6M
+7.1%
1M
-3.2%
1W
-4.8%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
13.05
Forward P/E
8.15
PEG Ratio
N/A
P/B Ratio
1.1
P/S Ratio
3.96
EV/Revenue
6.65
EV/EBITDA
N/A
Market Cap
$9.1B
Profitability
Profit margins and return metrics
Profit Margin
29.09%
Operating Margin
47.64%
Gross Margin
N/A
ROE
9.02%
ROA
1.06%
Growth
Revenue and earnings growth rates
Revenue Growth
+41.4%
Earnings Growth
+17.2%
Q/Q Revenue Growth
+40.95%
Q/Q Earnings Growth
+40.8%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$5.08
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.7B
Net Margin
31.4%
Total Assets
$72.2B
Liabilities
$63.7B
Equity
$8.5B
Debt/Equity
7.49x
Operating CF
$0.2B
CapEx
$-0.0B
Free Cash Flow
$0.1B
FCF Yield
86%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-22
$N/A
2026-01-21
$0.62
+4.4% surprise
2025-10-22
$0.59
+5.0% surprise
2025-07-22
$0.53
+2.3% surprise
Financial Services Sector Comparison
Comparing ONB against 500 companies in the Financial Services sector
(90 bullish, 207 neutral, 203 bearish)
P/E Ratio
13.05
This Stock
vs
45.14
Sector Avg
-71.1%
(Discount)
Return on Equity (ROE)
9.02%
This Stock
vs
-0.0%
Sector Avg
-210572.7%
(Below Avg)
Profit Margin
29.09%
This Stock
vs
48.63%
Sector Avg
-40.2%
(Weaker)
Revenue Growth
41.4%
This Stock
vs
36.71%
Sector Avg
+12.8%
(Growing)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
ONB
Old National Bancorp
|
BULLISH | $9.1B | 13.05 | 9.0% | 29.1% | $23.36 | |
|
AMG
Affiliated Managers Group, Inc.
|
BULLISH | $9.09B | 19.73 | 16.2% | 26.0% | $319.82 | Compare |
|
FRHC
Freedom Holdings Corp.
|
BEARISH | $9.25B | 7557.5 | 0.2% | 0.2% | $151.15 | Compare |
|
BOKF
BOK Financial Corporation
|
NEUTRAL | $8.36B | 14.41 | 10.1% | 26.6% | $132.12 | Compare |
|
BPOP
Popular, Inc.
|
NEUTRAL | $8.24B | 11.22 | 13.1% | 27.0% | $121.97 | Compare |
ONB
Old National Bancorp
BULLISH
Mkt Cap
$9.1B
P/E
13.1
ROE
9.0%
Price
$23.36
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-01 | PUTNAM ANGELA L | Officer | Stock Award | 7,234 | - |
| 2026-03-13 | VANZO KENDRA L | Officer | Stock Award | 18,547 | - |
| 2026-03-13 | EVERNHAM SCOTT JAMES | Officer | Stock Award | 13,910 | - |
| 2026-03-13 | MORAN JOHN V | Chief Financial Officer | Stock Award | 12,363 | - |
| 2026-03-13 | ALAHMAR CHADY M. | Officer | Stock Award | 18,133 | - |
| 2026-03-13 | TISCHLER BRENT R | Officer | Stock Award | 17,310 | - |
| 2026-03-13 | RYAN JAMES C III | Chief Executive Officer | Stock Award | 185,657 | - |
| 2026-03-13 | CHULOS NICHOLAS J. | Officer | Stock Award | 13,910 | - |
| 2026-03-13 | SANDGREN JAMES A. | Officer | Stock Award | 35,419 | - |
| 2026-02-27 | VANZO KENDRA L | Officer | Stock Award | 9,455 | - |
| 2026-02-27 | EVERNHAM SCOTT JAMES | Officer | Stock Award | 11,346 | - |
| 2026-02-27 | MORAN JOHN V | Chief Financial Officer | Stock Award | 19,923 | - |
| 2026-02-27 | ALAHMAR CHADY M. | Officer | Stock Award | 7,827 | - |
| 2026-02-27 | TISCHLER BRENT R | Officer | Stock Award | 7,494 | - |
| 2026-02-27 | GOLDFEDER CARRIE S | Officer | Stock Award | 9,992 | - |
PUTNAM ANGELA L
Officer
2026-04-01
7,234 shares
VANZO KENDRA L
Officer
2026-03-13
18,547 shares
EVERNHAM SCOTT JAMES
Officer
2026-03-13
13,910 shares
MORAN JOHN V
Chief Financial Officer
2026-03-13
12,363 shares
ALAHMAR CHADY M.
Officer
2026-03-13
18,133 shares
TISCHLER BRENT R
Officer
2026-03-13
17,310 shares
RYAN JAMES C III
Chief Executive Officer
2026-03-13
185,657 shares
CHULOS NICHOLAS J.
Officer
2026-03-13
13,910 shares
SANDGREN JAMES A.
Officer
2026-03-13
35,419 shares
VANZO KENDRA L
Officer
2026-02-27
9,455 shares
EVERNHAM SCOTT JAMES
Officer
2026-02-27
11,346 shares
MORAN JOHN V
Chief Financial Officer
2026-02-27
19,923 shares
ALAHMAR CHADY M.
Officer
2026-02-27
7,827 shares
TISCHLER BRENT R
Officer
2026-02-27
7,494 shares
GOLDFEDER CARRIE S
Officer
2026-02-27
9,992 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
11 analysts
Barclays
2026-04-07
Overweight
Overweight
Citigroup
2026-02-24
Buy
Buy
Truist Securities
2026-01-26
Buy
Buy
TD Cowen
2026-01-22
Hold
Buy
Stephens & Co.
2026-01-22
Overweight
Overweight
RBC Capital
2026-01-22
Sector Perform
Sector Perform
TD Cowen
2026-01-07
Hold
Hold
UBS
2025-12-15
Neutral
TD Cowen
2025-10-27
Hold
Hold
Piper Sandler
2025-10-23
Overweight
Overweight
Past News Coverage
Recent headlines mentioning ONB from our newsroom.
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