ONB Stock Analysis: Buy, Sell, or Hold?
ONB - Old National Bancorp
$26.33
0.11 (0.44%)
▲
5d:
-0.47%
30d:
+8.02%
90d:
+12.07%
HOLD
MODERATE Confidence
Analysis Updated: Jul 13, 2026 12:00 AM ET
Earnings: Jul 22, 2026
8d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: ONB is fairly valued with market pricing in 3.0% annual growth. Fine to hold or accumulate slowly on dips.
📊 HOLD: ONB is fairly valued with market pricing in 3.0% annual growth. Fine to hold or accumulate slowly on dips.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$34.68
Based on 7.5% avg growth
INTRINSIC VALUE TODAY
$21.53
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 8.4x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: ONB is currently trading at $26.32, which is considered extended relative to its 30-day fair value range of $24.50 to $26.14. The stock's valuation (Forward PE: 9.1) is in line with its historical norms (8.4). At these levels, the market is pricing in 3.0% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, ONB is in a uptrend. The price is approaching resistance at $24.61. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: The stock shows a mixed technical setup (55/100), with neutral trendline and momentum signals. The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, ONB is in a uptrend. The price is approaching resistance at $24.61. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: The stock shows a mixed technical setup (55/100), with neutral trendline and momentum signals. The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$24.50 -
$26.14
Company Quality Score
55/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
47.1%
All Signals
- BEARISH: Price extended above range
- NEUTRAL: Mixed technical signals (55/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($28.55)
- NEUTRAL: Market pricing in 3.0% annual earnings growth - fairly valued
Trading Range Analysis
30-Day Trading Range
$24.50 -
$26.14
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$23.24
Resistance Level
$24.61
Current Trend
Uptrend
Technical data as of
Jun 9, 2026
Fundamental Context
Forward P/E (Next Year Est.)
9.14
Wall Street Target
$28.55
(+8.4%)
Revenue Growth (YoY)
46.2%
Earnings Growth (YoY)
34.1%
Profit Margin
30.2%
Valuation Premium vs History
+3.0% premium
PE vs Historical
9.1 vs 8.4
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+3.0%
(market-implied from PE analysis)
1-Year Target
$27.11
(+3%)
2-Year Target
$27.93
(+6%)
3-Year Target
$28.77
(+9%)
3-Yr Target (if PE normalizes)
(PE: 9→8)
PE COMPRESSION
$26.43
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.8, Growth: 11.0%)
$85.78
(+226%)
Base:
(SPY PE: 9.1, Growth: 11.0%)
$36.01
(+37%)
Bear:
(PE: 7.8, Growth: 11.0%)
$30.61
(+16%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (14x PE), but valuation improves significantly next year (9x PE) as earnings recover.
Trailing PE: 13.51 | Current EPS (TTM): $1.94
Bull Case
$42.79
(+63%)
Analyst growth 48.4%, PE expands to 14.9
Base Case
$38.90
(+48%)
Market implied 48.4%, PE stable at 13.5
Bear Case
$17.82
(-32%)
Severe decline -20.0%, PE contracts to 11.5
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: July 13, 2026 6:01 PM ET
Data refreshes hourly during market hours. Next update: 7:01 PM
Data refreshes hourly during market hours. Next update: 7:01 PM
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Technical Signals Check
Is ONB showing a specific setup today?
Insider Activity (6 Months)
0
Buys
1
Sells
Net
INSIDERS SELLING
Recent Transactions
Nicholas J Chulos
SELL
30000 shares
2026-02-03
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