ONB Should I Buy
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Old National Bancorp (ONB) is a good buy for a beginner investor with a long-term horizon and $50,000-$100,000 to invest. The stock has strong technical indicators, positive analyst sentiment, and a bullish price trend. While there are no recent news catalysts or congress trading data, the company's solid Q1 performance and upward price target revisions by analysts suggest a favorable outlook.
The technical indicators are bullish. The MACD histogram is positive and contracting, indicating upward momentum. The RSI is neutral at 58.709, and the moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200). The stock is trading above its pivot level of 24.575, with resistance levels at 25.245 and 25.66.
Analysts have raised price targets, with most ratings being Buy or Overweight.
Solid Q1 results with better loan growth and buyback activity.
Stock trend analysis indicates an 80% chance of a 7.64% increase in the next month.
Slightly lower net interest margin noted by analysts.
No recent news or event-driven catalysts to drive immediate price action.
Neutral sentiment from hedge funds and insiders.
Financial data for the latest quarter is unavailable, but analysts highlight strong loan growth and net interest income trends. The Q1 earnings beat expectations, and the company is forecasted to achieve top-quartile ROTCE in 2026 and 2027.
Analysts are positive on ONB, with multiple firms raising price targets (ranging from $25 to $30) and maintaining Buy or Overweight ratings. Analysts cite strong loan growth, buybacks, and undervaluation as key factors supporting the stock.
