ONB Should I Buy
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Old National Bancorp (ONB) is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The stock demonstrates strong financial performance, positive analyst sentiment, and solid technical indicators, making it a suitable choice for long-term growth.
The technical indicators for ONB are bullish. The MACD histogram is positive at 0.14, indicating upward momentum. The RSI is at 64.998, which is neutral but leaning towards overbought territory. The moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200), and the stock is trading above the pivot point of 23.788, with resistance levels at 24.244 and 24.526.
Strong Q1 financial performance with revenue up 45.79% YoY, net income up 63.30% YoY, and EPS up 34.09% YoY.
Analysts have raised price targets, with multiple firms maintaining Buy or Overweight ratings.
Positive sentiment from recent earnings beat and strong loan growth.
Slightly lower net interest margin noted by analysts.
Barclays highlighted concerns around credit uncertainty due to external factors like energy prices and layoffs.
In Q1 2026, Old National Bancorp reported revenue of $639.43 million, up 45.79% YoY. Net income rose to $229.64 million, marking a 63.30% increase YoY. EPS increased to $0.59, up 34.09% YoY. The company demonstrated strong loan growth and exceeded earnings expectations.
Analysts are generally positive on ONB. Recent upgrades include price targets raised to $28-$30 by Truist, Stephens, and Barclays, with Buy or Overweight ratings maintained. Analysts highlight strong loan growth, profitability outlook, and undervaluation of shares.
