Old National Bancorp (NASDAQ:ONBPO) Stock Short Interest Drops 46.9%

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

Old National Bancorp Price Performance

Shares of Old National Bancorp stock traded up $0.15 during midday trading on Thursday, hitting $24.82. 7,203 shares of the company were exchanged, compared to its average volume of 6,678. Old National Bancorp has a 52 week low of $24.33 and a 52 week high of $25.45. The firm has a 50 day simple moving average of $24.86 and a 200-day simple moving average of $24.91.

Old National Bancorp Announces Dividend

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

Old National Bancorp Company Profile

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.