Comparing Old National Bancorp (ONB) & The Competition
Old National Bancorp (NASDAQ: ONB) is one of 327 public companies in the “Banks” industry, but how does it contrast to its peers? We will compare Old National Bancorp to similar businesses based on the strength of its institutional ownership, valuation, profitability, dividends, earnings, risk and analyst recommendations.
Institutional & Insider Ownership
72.6% of Old National Bancorp shares are owned by institutional investors. Comparatively, 52.6% of shares of all “Banks” companies are owned by institutional investors. 1.8% of Old National Bancorp shares are owned by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
This table compares Old National Bancorp and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Old National Bancorp||21.02%||8.25%||1.02%|
|Old National Bancorp Competitors||19.00%||8.87%||0.94%|
Valuation and Earnings
This table compares Old National Bancorp and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Old National Bancorp||$670.65 million||N/A||17.71|
|Old National Bancorp Competitors||N/A||N/A||18.78|
Old National Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of recent ratings and price targets for Old National Bancorp and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Old National Bancorp||0||4||2||0||2.33|
|Old National Bancorp Competitors||1994||7959||8129||309||2.37|
Old National Bancorp presently has a consensus price target of $18.83, indicating a potential upside of 1.25%. As a group, “Banks” companies have a potential downside of 8.26%. Given Old National Bancorp’s higher probable upside, analysts plainly believe Old National Bancorp is more favorable than its peers.
Volatility and Risk
Old National Bancorp has a beta of 1.1, meaning that its share price is 10% more volatile than the S&P 500. Comparatively, Old National Bancorp’s peers have a beta of 0.78, meaning that their average share price is 22% less volatile than the S&P 500.
Old National Bancorp pays an annual dividend of $0.52 per share and has a dividend yield of 2.8%. Old National Bancorp pays out 49.5% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 2.0% and pay out 36.7% of their earnings in the form of a dividend.
About Old National Bancorp
Old National Bancorp is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking. The Company’s banking segment operates through its subsidiary, Old National Bank. As of December 31, 2016, Old National Bank operated approximately 203 banking centers located in Indiana, Kentucky, Michigan and Wisconsin. As of December 31, 2016, Old National Bank leased 81 banking centers from unaffiliated third parties. Each of the branches of Old National Bank provide a group of similar community banking services, including products and services, such as commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust and investment advisory services.
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