Old National Bancorp (ONB) fair value analysis

Nasdaq · Updated 2026-09-07

Old National Bancorp is a bank holding company that provides commercial banking, retail banking, and wealth management services through its subsidiary Old National Bank. The company operates primarily in the Midwest, with a significant presence in Indiana, Kentucky, and surrounding states.

Forward Fair Value verdict

Fairly valued

Based on TickrTrends' weekly Forward Fair Value model, ONB is trading at within about 10% of estimated fair value.

ONB currently ranks #96 of 165 Financial Services stocks by discount to Forward Fair Value. It has screened as Fairly valued for 3 consecutive weekly runs.

Last price: $26.85
Sector: Financial Services
12-month range: $20.11–$26.85

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: B
Leverage: Moderate
Margin trend: Stable
Revenue growth: Strong
RSI zone: Neutral
50/200-day trend: Uptrend
52-week position: The top quarter of its range
DCF cross-check: Undervalued

What our data shows for ONB

Our model validated 17 trailing price-to-earnings windows for ONB, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $20.11–$26.85.
The 14-day relative strength index sits at a neutral 46.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for ONB
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent ONB news

TickrTrends' derived news-sentiment signal for ONB is currently leaning positive, computed from recent coverage.

The banks that are embracing tokenized deposits (americanbanker.com, 2026-08-27)
TickrTrends take: ONB operates within the Financial Services sector, where adoption of emerging technologies like tokenized deposits could influence competitive positioning and operational efficiency. As TickrTrends currently assesses ONB as fairly valued, investors should monitor whether the bank's progress in implementing or adopting tokenized deposit infrastructure materially affects its cost structure, customer acquisition, or revenue streams relative to peers. The degree to which ONB engages with this trend versus competitors may warrant reassessment of its valuation standing if it meaningfully impacts financial performance metrics.
Tokenized deposits are here. Banks need to manage the risks. (americanbanker.com, 2026-08-18)
TickrTrends take: ONB operates in the Financial Services sector at a valuation level currently assessed as fairly valued by TickrTrends. The emergence of tokenized deposits represents a structural shift in banking operations that could affect deposit management costs and customer acquisition strategies for financial institutions. Investors tracking ONB should monitor how the company responds to this technological transition, as adoption and risk management capabilities in tokenized banking could influence future profitability and competitive positioning within the sector.
Old National Bancorp Announces Quarterly Dividends (manilatimes.net, 2026-08-12)
TickrTrends take: Old National Bancorp's announcement of quarterly dividends reflects ongoing shareholder return commitments typical of established financial institutions. Given TickrTrends' fairly valued assessment, investors monitoring the stock should track whether the company maintains its dividend sustainability while managing profitability metrics, as dividend reliability often serves as a key indicator for banking sector valuations. For those evaluating ONB against peers in Financial Services, the consistency of dividend payments relative to earnings growth will be important to observe in upcoming quarterly results.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — No material change this week: the verdict, bands and grades all held steady.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is ONB stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), ONB is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.

What is ONB's TickrTrends verdict?

ONB's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.

How does ONB compare to other Financial Services stocks?

ONB ranks #96 of 165 Financial Services stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is ONB overbought or oversold?

ONB's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Financial Services fair-value coverage →

Head-to-head comparisons

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