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

Posted by Steven Smith on Oct 13th, 2024

Old National Bancorp (NASDAQ:ONBPO – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 600 shares, a decrease of 62.5% from the September 15th total of 1,600 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 0.1 days.

Old National Bancorp Trading Up 1.0 %

ONBPO stock traded up $0.26 during trading on Friday, reaching $25.52. 4,516 shares of the company’s stock were exchanged, compared to its average volume of 8,373. Old National Bancorp has a 1-year low of $21.58 and a 1-year high of $26.33. The company’s fifty day moving average price is $25.23 and its 200-day moving average price is $25.10.

Old National Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.75 annualized dividend and a yield of 6.86%.

Institutional Trading of Old National Bancorp

A hedge fund recently bought a new stake in Old National Bancorp stock. Thompson Investment Management Inc. bought a new position in Old National Bancorp (NASDAQ:ONBPO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $51,000.

Old National Bancorp Company Profile

(Get Free Report)

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.