Old National Bancorp

Old National Bancorp commands strong institutional backing at 83.66% ownership, a Moderate Buy consensus, and aggressive price targets from Barclays ($31) and UBS ($32), suggesting the stock has meaningful upside from current levels given solid EPS beats and 44.4% year-over-year revenue growth.

Jefferies Financial Group maintains a Hold rating with a comparatively modest $25 price target, and Raymond James initiated coverage at Market Perform, signaling that a subset of analysts view the stock as fairly valued or lacking a near-term catalyst to justify a higher valuation.

Old National Bancorp beat EPS expectations with $0.61 per share and delivered 44.4% year-over-year revenue growth, with the full-year consensus EPS forecast of $2.57 reflecting confidence that the bank's earnings momentum is durable and well-supported by analysts.

Despite the strong recent quarter, RBC only adjusted its price target modestly to $28 from $26 while maintaining a Sector Perform rating, implying skepticism that the earnings trajectory warrants a more aggressive re-rating given potential macroeconomic headwinds facing regional banks.

Long-term technical indicators for Old National Bancorp remain constructive, with the long-term moving average providing support near $21.75 and the stock expected to rise approximately 7.41% over the next three months, supported by accumulated volume at $22.13 offering a buying opportunity.

Short-term technical signals are decidedly negative, with a sell signal triggered from a pivot top on July 10, 2025, a sell signal from the 3-month MACD, and rising volume on falling prices — all pointing to continued downside pressure in the near term before any recovery.