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

Old National Bancorp (NASDAQ:ONBPP) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,200 shares, a drop of 18.5% from the March 31st total of 2,700 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is presently 0.3 days.

Old National Bancorp Stock Performance

Shares of NASDAQ:ONBPP traded up $0.18 on Friday, hitting $25.18. The company’s stock had a trading volume of 3,298 shares, compared to its average volume of 8,448. The company has a 50-day simple moving average of $25.08 and a 200 day simple moving average of $24.48. Old National Bancorp has a 1 year low of $18.53 and a 1 year high of $26.35.

Old National Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Sunday, May 5th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.95%.

Hedge Funds Weigh In On Old National Bancorp

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

Old National Bancorp Company Profile

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.