ONB Stock Analysis — Old National Bancorp
Sector: Financials
AI Verdict
ONB is cheap for the growth on offer, but the market is betting that its regional banking moat translates into real, sustained earnings momentum.
Competitive Moat
Old National Bancorp operates as a regional bank with a dense branch network across the Midwest, giving it sticky local deposit bases and lending relationships. Its defensibility comes from entrenched community ties and regulatory barriers that limit new entrants.
Summary
ONB is seeing a rare combination of a low 8.9x forward P/E and analyst forecasts for 51.2% EPS growth next year.
Where It Stands
ONB trades at 8.9x next year's earnings, well below the financial sector median of 14x, while analysts expect 51.2% EPS growth and the trailing P/E is 13.4x.
Key Metrics
- Trailing P/E: 13.4x
- Forward P/E: 8.9x
- PEG Ratio: 0.26
- Earnings Growth: +0.5%
- Revenue Growth: +0.8%
- Dividend Yield: 0.02%
- 52-Week High: $26.17
- 52-Week Low: $19.39
Analyst Consensus
10 Buy · 5 Hold · 0 Sell (15 analysts)
Bull Case
With a 0.26 trailing PEG ratio and 51.2% forward EPS growth, the stock is cheap for the growth you're getting.
Bear Case
If the forward P/E reverts to the sector median of 14x after growth slows, the upside from current multiples could quickly evaporate.
Catalyst to Watch
Watch for quarterly earnings updates — any miss on the 51.2% EPS growth expectation would likely trigger a sharp rerating.