Old National Bancorp (ONB) & Its Rivals Head to Head Review

Old National Bancorp (NASDAQ:ONB) is one of 919 publicly-traded companies in the “Banks” industry, but how does it compare to its competitors? We will compare Old National Bancorp to related businesses based on the strength of its valuation, profitability, earnings, institutional ownership, analyst recommendations, dividends and risk.

Dividends

Old National Bancorp pays an annual dividend of $0.58 per share and has a dividend yield of 2.3%. Old National Bancorp pays out 23.7% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 8.9% and pay out 28.9% of their earnings in the form of a dividend.

Valuation and Earnings

This table compares Old National Bancorp and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Old National Bancorp	$3.74 billion	$669.26 million	10.22
Old National Bancorp Competitors	$18.18 billion	$2.42 billion	21.02

Old National Bancorp’s competitors have higher revenue and earnings than Old National Bancorp. Old National Bancorp is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Old National Bancorp and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Old National Bancorp	23.36%	12.02%	1.35%
Old National Bancorp Competitors	15.66%	9.47%	0.93%

Risk and Volatility

Old National Bancorp has a beta of 0.88, suggesting that its share price is 12% less volatile than the S&P 500. Comparatively, Old National Bancorp’s competitors have a beta of 0.62, suggesting that their average share price is 38% less volatile than the S&P 500.

Insider and Institutional Ownership

83.7% of Old National Bancorp shares are held by institutional investors. Comparatively, 48.0% of shares of all “Banks” companies are held by institutional investors. 0.7% of Old National Bancorp shares are held by company insiders. Comparatively, 9.7% of shares of all “Banks” companies are held 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.

Analyst Recommendations

This is a summary of recent ratings and price targets for Old National Bancorp and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Old National Bancorp	0	2	12	0	2.86
Old National Bancorp Competitors	7503	30277	27877	1492	2.35

Old National Bancorp presently has a consensus price target of $29.57, indicating a potential upside of 18.05%. As a group, “Banks” companies have a potential upside of 14.42%. Given Old National Bancorp’s stronger consensus rating and higher possible upside, equities analysts clearly believe Old National Bancorp is more favorable than its competitors.

Summary

Old National Bancorp beats its competitors on 9 of the 15 factors compared.

Old National Bancorp Company Profile

Old National Bancorp is a regional bank holding company headquartered in Evansville, Indiana. Founded in 1834, it operates primarily through Old National Bank, serving individuals, businesses and organizations across the Midwest. The company offers consumer and commercial banking services, including checking and savings accounts, loans, mortgages, treasury management and digital banking. It also provides wealth management and trust services, as well as solutions for businesses and institutional clients.