Old National Bancorp $ONB Position Reduced by First Trust Advisors LP

First Trust Advisors LP lessened its position in Old National Bancorp (NASDAQ:ONB) by 11.0% in the 1st quarter, Holdings Channel reports. The fund owned 6,399,791 shares of the bank’s stock after selling 788,975 shares during the period. First Trust Advisors LP’s holdings in Old National Bancorp were worth $141,435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of Old National Bancorp during the fourth quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new position in Old National Bancorp during the fourth quarter worth $28,000. JFS Wealth Advisors LLC raised its stake in shares of Old National Bancorp by 811.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,604 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,428 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Old National Bancorp in the fourth quarter valued at approximately $36,000. Finally, Peterson Wealth Services lifted its position in Old National Bancorp by 9,711.8% during the 4th quarter. Peterson Wealth Services now owns 1,668 shares of the bank’s stock worth $37,000 after acquiring an additional 1,651 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Old National Bancorp Trading Down 1.1%

Shares of Old National Bancorp stock opened at $26.11 on Friday. Old National Bancorp has a 52-week low of $19.39 and a 52-week high of $27.32. The firm has a market capitalization of $10.09 billion, a PE ratio of 11.60 and a beta of 0.83. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.90 and a quick ratio of 0.93. The company’s fifty day moving average price is $25.07 and its two-hundred day moving average price is $24.01.

Old National Bancorp (NASDAQ:ONB) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Old National Bancorp had a net margin of 21.60% and a return on equity of 16.16%. The company had revenue of $726.86 million during the quarter, compared to the consensus estimate of $716.25 million. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts expect that Old National Bancorp will post 2.57 EPS for the current year.

Old National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a dividend of $0.145 per share. The ex-dividend date was Friday, June 5th. This represents a $0.58 dividend on an annualized basis and a yield of 2.2%. Old National Bancorp’s dividend payout ratio (DPR) is currently 29.90%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $27.00 price target on shares of Old National Bancorp in a report on Wednesday. Barclays increased their price target on shares of Old National Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Old National Bancorp in a research report on Thursday, June 4th. Raymond James Financial initiated coverage on shares of Old National Bancorp in a report on Tuesday, July 7th. They set a “market perform” rating on the stock. Finally, Truist Financial upped their price objective on shares of Old National Bancorp from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.09.

Key Headlines Impacting Old National Bancorp

Here are the key news stories impacting Old National Bancorp this week:

• Positive Sentiment: Old National Bancorp reported record second-quarter 2026 results, with net income applicable to common shareholders of $249.4 million and diluted EPS of $0.65, reinforcing the company’s solid earnings momentum. Article: Old National Bancorp Reports Record Second Quarter 2026 Results; Announces Enhanced Executive Leadership Structure
• Positive Sentiment: Q2 earnings beat expectations, with EPS of $0.65 versus estimates around $0.62-$0.63 and revenue of $726.9 million above forecasts, suggesting the bank is outperforming Wall Street’s near-term expectations. Article: Old National Bancorp (ONB) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Revenue rose 13.2% year over year, and management highlighted improved profitability metrics, which may support investor confidence in the bank’s operating trend. Article: Analysts Conflicted on These Financial Names: Chubb (CB) and Old National Bancorp Capital (ONB)
• Neutral Sentiment: Analyst sentiment appears mixed, with some coverage still conflicted despite the earnings beat, so the stock may face a valuation debate after the post-earnings move. Article: Analysts Conflicted on These Financial Names: Chubb (CB) and Old National Bancorp Capital (ONB)

Old National Bancorp Profile

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.