Old National Bancorp (NASDAQ:ONBPO) Sees Significant Drop in Short Interest

Old National Bancorp (NASDAQ:ONBPO) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 6,418 shares, a decline of 46.9% from the September 15th total of 12,080 shares. Based on an average daily volume of 7,616 shares, the short-interest ratio is currently 0.8 days.

Old National Bancorp Stock Down 1.3%

ONBPO traded down $0.33 during midday trading on Wednesday, reaching $24.48. 3,091 shares of the company’s stock were exchanged, compared to its average volume of 6,596. The business has a 50-day simple moving average of $24.86 and a two-hundred day simple moving average of $24.91. Old National Bancorp has a one year low of $24.50 and a one year high of $25.45.

Old National Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, November 5th.

About Old National Bancorp

Old National Bancorp (NASDAQ: ONBPO) is a regional bank holding company headquartered in Evansville, Indiana. Its principal subsidiary, Old National Bank, provides banking and financial services to individuals, families, businesses and institutions across the Midwest.

The company’s offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, treasury management, wealth management, investment services and mortgage banking. Old National also serves clients in areas such as corporate banking, equipment finance, public-sector banking and institutional trust services.

Founded in 1834, Old National has expanded through organic growth and bank acquisitions.