Old National Bancorp (NASDAQ:ONBPO – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 7,701 shares, a drop of 34.7% from the July 30th total of 11,787 shares. Based on an average trading volume of 6,118 shares, the short-interest ratio is presently 1.3 days.
Old National Bancorp Stock Up 0.7%
ONBPO stock traded up $0.17 during midday trading on Tuesday, reaching $24.99. 9,009 shares of the company were exchanged, compared to its average volume of 6,699. The stock’s 50-day simple moving average is $24.94 and its 200 day simple moving average is $24.96. Old National Bancorp has a 1-year low of $24.53 and a 1-year high of $25.46.
Old National Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be given a $0.4375 dividend. The ex-dividend date is Thursday, November 5th. This represents a $1.75 annualized dividend and a dividend yield of 7.0%.
About Old National Bancorp
Old National Bancorp, headquartered in Evansville, Indiana, is a regional financial services holding company and the parent of Old National Bank. Established in 1834, the institution ranks among the longest-serving banks in the Midwest and provides a comprehensive range of banking solutions. Its core offerings include deposit accounts, consumer and small business lending, commercial real estate financing, and treasury and cash management services.
Beyond traditional banking, Old National Bancorp delivers wealth management and trust services, retirement planning, investment advisory, and specialty insurance products through its subsidiaries.
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