Old National Bancorp (NASDAQ:ONBPP) Shares Down 0.1%

Old National Bancorp (NASDAQ:ONBPP) shares dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $24.98 and last traded at $24.98. Approximately 987 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 7,482 shares. The stock had previously closed at $25.01.

Old National Bancorp Price Performance

The stock’s 50 day moving average is $24.92 and its 200-day moving average is $25.00.

Old National Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.75 annualized dividend and a dividend yield of 7.01%.

Institutional Investors Weigh In On 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:ONBPP) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $25,000.

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.