Short Interest in Old National Bancorp (NASDAQ:ONBPP) Drops By 18.5%

Old National Bancorp (NASDAQ:ONBPP) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,200 shares, a decline of 18.5% from the March 31st total of 2,700 shares. Based on an average daily trading volume, of 8,600 shares, the short-interest ratio is currently 0.3 days.

Old National Bancorp Stock Down 0.6 %

ONBPP traded down $0.14 during trading on Monday, reaching $25.04. The company had a trading volume of 3,926 shares, compared to its average volume of 8,392. The business has a 50 day simple moving average of $25.09 and a 200-day simple moving average of $24.50. Old National Bancorp has a 52 week low of $18.53 and a 52 week high of $26.35.

Old National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Sunday, May 5th will be paid a dividend of $0.4375 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.75 annualized dividend and a dividend yield of 6.99%.

Institutional Investors Weigh In On Old National Bancorp

A hedge fund recently bought a new stake in Old National Bancorp stock. Thompson Investment Management Inc. acquired a new position in shares of Old National Bancorp (NASDAQ:ONBPP) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing.