Old National Bancorp (ONB) Stock AnalysisONBOld National Bancorp

Old National Bancorp is the financial holding company of Old National Bank. Old National Bank is a commercial bank that provides a range of services primarily throughout the Midwest and Southeast regions of the United States. It provides commercial and consumer loan and depository services, private banking, capital markets, brokerage, wealth management, trust, investment advisory, and other traditional banking services. It also provides services in consumer and commercial banking; Old National Bank offers comprehensive wealth management and capital markets services. Each of the banking centers of Old National Bank provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and private banking, capital markets, brokerage, wealth management, trust, and investment advisory services. Its lending activities include loans to individuals, and loans to commercial clients. It operates in the Financials sector (NATIONAL COMMERCIAL BANKS industry).

Old National Bancorp appears to be a good buy right now, trading at $25.01, with a forward P/E of 8.39, indicating it is undervalued compared to its earnings potential. The recent 1-year change of +21.11% and a positive outlook for loan growth of 6%-8% in 2026 further support this investment decision. The main risk is the recent downgrade by RBC Capital, lowering the price target to $28, which suggests some caution in the near term.

10 analysts cover ONB: 3 rate it Buy, 7 Hold and 0 Sell. The average price target is 26.29.