Old National Bancorp sees major investment and stock price rise

Old National Bancorp (ONB) has seen significant institutional activity and positive market movement. Pzena Investment Management LLC acquired a new stake in the bank during the second quarter, purchasing 2,843,497 shares valued at approximately $73,647,000. This investment brings Pzena's ownership of the company to 0.74%.

As of August 17, 2026, ONB shares were trading at approximately $27.17 on the Nasdaq, nearing a 12-month high of $27.36. Market analysts maintain a generally positive outlook, with a consensus rating of ‘Moderate Buy’ and an average 12-month price target of $29.36, suggesting potential upside from current levels.