First Internet Bancorp Announces Quarterly Dividend of $0.06 (NASDAQ:INBK)

First Internet Bancorp (NASDAQ:INBKGet Free Report) announced a quarterly dividend on Tuesday, June 16th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.06 per share by the bank on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th.

First Internet Bancorp has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Internet Bancorp to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.4%.

First Internet Bancorp Stock Performance

Shares of INBK stock opened at $25.79 on Wednesday. The company has a 50 day moving average price of $23.98 and a 200-day moving average price of $21.96. First Internet Bancorp has a 52 week low of $17.05 and a 52 week high of $28.51. The firm has a market capitalization of $224.89 million, a PE ratio of -6.70 and a beta of 0.85. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

First Internet Bancorp (NASDAQ:INBKGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.21. The firm had revenue of $43.12 million during the quarter, compared to analyst estimates of $45.67 million. First Internet Bancorp had a negative net margin of 9.60% and a negative return on equity of 1.14%. As a group, equities research analysts expect that First Internet Bancorp will post 1.98 earnings per share for the current year.

First Internet Bancorp Company Profile

(Get Free Report)

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).

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Dividend History for First Internet Bancorp (NASDAQ:INBK)

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