First Internet Bancorp – Fixed- (NASDAQ:INBKZ – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,912 shares, a decrease of 48.0% from the August 15th total of 3,678 shares. Based on an average daily trading volume, of 1,254 shares, the days-to-cover ratio is currently 1.5 days.
First Internet Bancorp – Fixed- Price Performance
NASDAQ INBKZ traded down $0.06 during mid-day trading on Tuesday, reaching $25.26. The stock had a trading volume of 5,139 shares, compared to its average volume of 3,390. First Internet Bancorp – Fixed- has a 1 year low of $23.48 and a 1 year high of $25.64. The company has a fifty day moving average price of $25.26 and a 200 day moving average price of $24.95.
First Internet Bancorp – Fixed- Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.5067 per share. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. This represents a $2.03 dividend on an annualized basis and a dividend yield of 8.0%.
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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