Old National Bancorp (NASDAQ:ONBPP) Short Interest Up 19.0% in July

Old National Bancorp (NASDAQ:ONBPP) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,500 shares, a growth of 19.0% from the June 30th total of 2,100 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

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:ONBPP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $25,000.

Old National Bancorp Trading Up 0.2 %

Shares of Old National Bancorp stock traded up $0.06 during trading on Tuesday, hitting $25.08. 1,123 shares of the company were exchanged, compared to its average volume of 6,937. Old National Bancorp has a fifty-two week low of $21.60 and a fifty-two week high of $26.35. The firm has a 50 day moving average price of $24.99 and a 200 day moving average price of $25.02.

Old National Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, August 5th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.75 annualized dividend and a dividend yield of 6.98%.

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.