First Internet Bancorp – Fixed- (NASDAQ:INBKZ – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,912 shares, a decline of 48.0% from the August 15th total of 3,678 shares. Based on an average daily volume of 1,254 shares, the short-interest ratio is currently 1.5 days.
First Internet Bancorp – Fixed- Stock Down 0.2%
NASDAQ:INBKZ traded down $0.06 during midday trading on Wednesday, hitting $25.26. The stock had a trading volume of 100 shares, compared to its average volume of 3,370. The stock has a 50-day moving average of $25.26 and a 200 day moving average of $24.96. First Internet Bancorp – Fixed- has a one year low of $23.48 and a one year high of $25.64.
First Internet Bancorp – Fixed- Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Saturday, August 15th will be issued a $0.5067 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.03 annualized dividend and a dividend yield of 8.0%. This is a positive change from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50.
First Internet Bancorp – Fixed- Company Profile
First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.
The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.
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