Old National Bancorp Short Interest Down 37.1% in August (ONB)
Old National Bancorp (NASDAQ:ONB) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 4,096,165 shares, a drop of 37.1% from the July 31st total of 6,514,630 shares, AnalystRatings.Net reports. Currently, 4.0% of the company’s shares are sold short. Based on an average trading volume of 634,780 shares, the days-to-cover ratio is currently 6.5 days.
Shares of Old National Bancorp (NASDAQ:ONB) opened at 13.09 on Tuesday. Old National Bancorp has a 52-week low of $12.90 and a 52-week high of $15.80. The stock has a 50-day moving average of $13.4 and a 200-day moving average of $13.95. The company has a market cap of $1.386 billion and a P/E ratio of 14.25.
Old National Bancorp (NASDAQ:ONB) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.07. The company had revenue of $128.40 million for the quarter, compared to the consensus estimate of $133.62 million. During the same quarter last year, the company posted $0.28 earnings per share. Old National Bancorp’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Old National Bancorp will post $0.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, August 28th.
Old National Bancorp (NASDAQ:ONB), is a financial holding company.
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