ONB
Old National Bancorp Financial Services - Banking Investor Relations →
Old National Bancorp (ONB) closed at $25.88 as of 2026-02-02, trading 49.0% above its 200-week moving average of $17.37. The stock moved further from the line this week, up from 41.2% last week. With a 14-week RSI of 86, ONB is in overbought territory.
Over the past 2124 weeks of data, ONB has crossed below its 200-week moving average 27 times. On average, these episodes lasted 28 weeks. Historically, investors who bought ONB at the start of these episodes saw an average one-year return of +5.9%.
With a market cap of $10.1 billion, ONB is a large-cap stock. Return on equity stands at 9.0%. The stock trades at 1.2x book value.
Share count has increased 92.3% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in ONB would have grown to $556, compared to $2849 for the S&P 500. ONB has returned 5.3% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 28.1% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: ONB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ONB Crosses Below the Line?
Across 24 historical episodes, buying ONB when it crossed below its 200-week moving average produced an average return of +9.8% after 12 months (median +11.0%), compared to +11.2% for the S&P 500 over the same periods. 75% of those episodes were profitable after one year. After 24 months, the average return was +16.2% vs +22.2% for the index.
Each line shows $100 invested at the moment ONB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ONB has crossed below its 200-week MA 27 times with an average 1-year return of +5.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1985 | Jan 1986 | 5 | 2.0% | -36.6% | +336.3% |
| Jan 1986 | Jan 1986 | 1 | 1.9% | -37.6% | +336.3% |
| Jul 1986 | Jul 1991 | 258 | 43.7% | -18.3% | +491.5% |
| Feb 2000 | Mar 2000 | 3 | 5.1% | -2.2% | +215.0% |
| Jul 2000 | Jul 2000 | 1 | 0.3% | +6.1% | +197.8% |
| Jan 2001 | May 2001 | 16 | 19.2% | +1.3% | +186.8% |
| Jun 2001 | Jun 2001 | 1 | 0.0% | +6.1% | +178.9% |
| Jul 2001 | Jul 2001 | 3 | 1.7% | +1.5% | +179.4% |
| Aug 2001 | Apr 2002 | 34 | 7.9% | +7.3% | +177.9% |
| Jul 2002 | Jul 2002 | 2 | 0.5% | +4.8% | +175.2% |
| Sep 2002 | Oct 2002 | 1 | 0.1% | +1.2% | +175.0% |
| Nov 2002 | Dec 2002 | 5 | 3.9% | +3.2% | +186.7% |
| Feb 2003 | May 2003 | 14 | 4.0% | +3.4% | +179.3% |
| Oct 2003 | Dec 2003 | 8 | 2.0% | +19.4% | +179.2% |
| Mar 2005 | May 2005 | 10 | 5.1% | +10.6% | +164.0% |
| May 2006 | Aug 2008 | 118 | 26.8% | -3.3% | +160.4% |
| Oct 2008 | Oct 2008 | 1 | 6.3% | -32.8% | +179.9% |
| Nov 2008 | Jan 2012 | 164 | 42.9% | -29.8% | +175.1% |
| May 2012 | Jun 2012 | 1 | 3.1% | +24.5% | +262.9% |
| Jan 2016 | Apr 2016 | 15 | 13.8% | +49.6% | +186.0% |
| May 2016 | May 2016 | 3 | 4.1% | +42.2% | +183.4% |
| Jun 2016 | Jul 2016 | 4 | 4.3% | +43.0% | +179.5% |
| Dec 2018 | Dec 2018 | 1 | 1.7% | +30.3% | +119.6% |
| Feb 2020 | Nov 2020 | 37 | 25.8% | +19.3% | +99.3% |
| Apr 2022 | Jul 2022 | 15 | 7.5% | -6.7% | +89.2% |
| Mar 2023 | Jul 2023 | 18 | 22.3% | +18.4% | +95.9% |
| Aug 2023 | Nov 2023 | 14 | 11.1% | +33.1% | +82.8% |
| Average | 28 | — | +5.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02