ONB vs. CIT, STL, FNB, UMBF, FULT, HBAN, RF, KEY, EWBC, and FHN
Should you be buying Old National Bancorp stock or one of its competitors? The main competitors of Old National Bancorp include CIT Group (CIT), Sterling Bancorp (STL), F.N.B. (FNB), UMB Financial (UMBF), Fulton Financial (FULT), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), East West Bancorp (EWBC), and First Horizon (FHN). These companies are all part of the "regional banks" industry.
CIT Group (NYSE:CIT) and Old National Bancorp (NASDAQ:ONB) are both mid-cap finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, earnings, media sentiment, dividends, profitability, risk, institutional ownership and community ranking.
CIT Group has a beta of 1.48, meaning that its stock price is 48% more volatile than the S&P 500. Comparatively, Old National Bancorp has a beta of 0.83, meaning that its stock price is 17% less volatile than the S&P 500.
CIT Group received 139 more outperform votes than Old National Bancorp when rated by MarketBeat users. Likewise, 60.45% of users gave CIT Group an outperform vote while only 55.26% of users gave Old National Bancorp an outperform vote.
CIT Group has a net margin of 23.98% compared to CIT Group's net margin of 20.99%. Old National Bancorp's return on equity of 15.12% beat CIT Group's return on equity.
In the previous week, Old National Bancorp had 7 more articles in the media than CIT Group. MarketBeat recorded 7 mentions for Old National Bancorp and 0 mentions for CIT Group. CIT Group's average media sentiment score of 0.72 beat Old National Bancorp's score of 0.24 indicating that Old National Bancorp is being referred to more favorably in the news media.
CIT Group pays an annual dividend of $1.40 per share and has a dividend yield of 2.6%. Old National Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 3.5%. CIT Group pays out 20.4% of its earnings in the form of a dividend. Old National Bancorp pays out 30.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Old National Bancorp has a consensus price target of $19.00, indicating a potential upside of 18.09%. Given CIT Group's higher possible upside, analysts clearly believe Old National Bancorp is more favorable than CIT Group.
Old National Bancorp has lower revenue, but higher earnings than CIT Group. CIT Group is trading at a lower price-to-earnings ratio than Old National Bancorp, indicating that it is currently the more affordable of the two stocks.
91.2% of CIT Group shares are owned by institutional investors. Comparatively, 83.7% of Old National Bancorp shares are owned by institutional investors. 0.7% of CIT Group shares are owned by company insiders. Comparatively, 1.1% of Old National Bancorp shares 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.
Summary
CIT Group beats Old National Bancorp on 10 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ONB and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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