Fintel reports that on January 22, 2026, TD Cowen upgraded their outlook for Old National Bancorp (NasdaqGS:ONB) from Hold to Buy.
Analyst Price Forecast Suggests 10.08% Upside
As of January 14, 2026, the average one-year price target for Old National Bancorp is $26.68/share. The forecasts range from a low of $24.24 to a high of $30.45. The average price target represents an increase of 10.08% from its latest reported closing price of $24.24 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Old National Bancorp is 2,217MM, a decrease of 3.63%. The projected annual non-GAAP EPS is 2.57.
What is the Fund Sentiment?
There are 827 funds or institutions reporting positions in Old National Bancorp. This is an decrease of 43 owner(s) or 4.94% in the last quarter. Average portfolio weight of all funds dedicated to ONB is 0.29%, an increase of 1.84%. Total shares owned by institutions increased in the last three months by 1.33% to 466,565K shares. 
The put/call ratio of ONB is 1.31, indicating a bearish outlook.
What are Other Shareholders Doing?
Old National Bancorp holds 44,742K shares representing 11.45% ownership of the company. In its prior filing, the firm reported owning 44,844K shares , representing a decrease of 0.23%. The firm decreased its portfolio allocation in ONB by 63.11% over the last quarter.
Fuller & Thaler Asset Management holds 17,323K shares representing 4.43% ownership of the company. In its prior filing, the firm reported owning 17,115K shares , representing an increase of 1.20%. The firm decreased its portfolio allocation in ONB by 3.00% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 14,329K shares representing 3.67% ownership of the company. In its prior filing, the firm reported owning 15,114K shares , representing a decrease of 5.48%. The firm decreased its portfolio allocation in ONB by 2.68% over the last quarter.
Macquarie Group holds 10,877K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 10,880K shares , representing a decrease of 0.03%. The firm decreased its portfolio allocation in ONB by 2.15% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 10,604K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 10,401K shares , representing an increase of 1.92%. The firm decreased its portfolio allocation in ONB by 3.20% over the last quarter.
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