We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Old National Bancorp (ONB) Outperforming Other Finance Stocks This Year?
Read MoreHide Full Article
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Old National Bancorp (ONB - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Old National Bancorp is one of 826 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 shows that analyst sentiment has improved and the company's earnings outlook is stronger.
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. As we can see, Old National Bancorp is performing better than its sector in the calendar year.
Breaking things down more, ONB is a member of the Banks - Midwest industry, which includes 30 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 9.89% so far this year, meaning that ONB is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on ONB as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Old National Bancorp (ONB) Outperforming Other Finance Stocks This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Old National Bancorp (ONB - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Old National Bancorp is one of 826 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 shows that analyst sentiment has improved and the company's earnings outlook is stronger.
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. As we can see, Old National Bancorp is performing better than its sector in the calendar year.
Breaking things down more, ONB is a member of the Banks - Midwest industry, which includes 30 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 9.89% so far this year, meaning that ONB is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on ONB as it attempts to continue its solid performance.