ONB Stock Analysis: Buy, Sell, or Hold?
ONB - Old National Bancorp
$25.33
0.32 (1.28%)
▲
5d:
+2.3%
30d:
+6.34%
90d:
+17.54%
BUY
MODERATE Confidence
Analysis Updated: Jun 23, 2026 12:00 AM ET
Earnings: Jul 28, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: ONB shows positive signals but monitor for confirmation. Market pricing in 1.1% annual growth which appears achievable. Moderate conviction.
💡 BUY OPPORTUNITY: ONB shows positive signals but monitor for confirmation. Market pricing in 1.1% annual growth which appears achievable. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$34.75
Based on 7.6% avg growth
INTRINSIC VALUE TODAY
$21.58
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 8.3x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: ONB is currently trading at $25.33, which is considered extended relative to its 30-day fair value range of $23.56 to $24.74. The stock's valuation (Forward PE: 8.6) is in line with its historical norms (8.3). At these levels, the market is pricing in 1.1% 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: ONB has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $27.90 (+11.6%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
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: ONB has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $27.90 (+11.6%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$23.56 -
$24.74
Company Quality Score
58/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
60.5%
All Signals
- BEARISH: Price extended above range
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($27.90)
- NEUTRAL: Market pricing in 1.1% annual earnings growth - fairly valued
Trading Range Analysis
30-Day Trading Range
$23.56 -
$24.74
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.)
8.60
Wall Street Target
$27.90
(+11.6%)
Revenue Growth (YoY)
46.2%
Earnings Growth (YoY)
34.1%
Profit Margin
30.2%
Valuation Premium vs History
+1.1% premium
PE vs Historical
8.6 vs 8.3
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+1.1%
(market-implied from PE analysis)
1-Year Target
$25.29
(+1%)
2-Year Target
$25.56
(+2%)
3-Year Target
$25.84
(+3%)
3-Yr Target (if PE normalizes)
(PE: 9→8)
PE COMPRESSION
$24.93
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.8, Growth: 11.2%)
$86.93
(+248%)
Base:
(SPY PE: 8.6, Growth: 11.2%)
$34.34
(+37%)
Bear:
(PE: 7.3, Growth: 11.2%)
$29.19
(+17%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (13x PE), but valuation improves significantly next year (9x PE) as earnings recover.
Trailing PE: 12.78 | Current EPS (TTM): $1.94
Bull Case
$40.87
(+63%)
Analyst growth 49.8%, PE expands to 14.1
Base Case
$37.16
(+49%)
Market implied 49.8%, PE stable at 12.8
Bear Case
$16.86
(-33%)
Severe decline -20.0%, PE contracts to 10.9
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: June 23, 2026 2:56 PM ET
Data refreshes hourly during market hours. Next update: 3:56 PM
Data refreshes hourly during market hours. Next update: 3:56 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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