Back to top

Image: Bigstock

Is Old National Bancorp (ONB) Stock Outpacing Its Finance Peers This Year?

Read MoreHide Full Article

Investors focused on the Finance space have likely heard of Old National Bancorp (ONB - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

Old National Bancorp is a member of our Finance group, which includes 826 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ONB is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ONB's full-year earnings has moved 3.20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that ONB has returned about 7.45% since the start of the calendar year. Meanwhile, stocks in the Finance group have lost about 2.33% on average. This means that Old National Bancorp is performing better than its sector in terms of year-to-date returns.

To break things down more, ONB belongs to the Banks - Midwest industry, a group that includes 30 individual companies and currently sits at #83 in the Zacks Industry Rank. Stocks in this group have gained about 9.89% so far this year, so ONB is slightly underperforming its industry this group in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track ONB. The stock will be looking to continue its solid performance.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Old National Bancorp (ONB) - free report >>