First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Short Interest Up 36.8% in February

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,276 shares, an increase of 36.8% from the February 12th total of 933 shares. Based on an average daily volume of 4,904 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 4,904 shares, the short-interest ratio is currently 0.3 days.

First Internet Bancorp – Fixed- Trading Up 0.7%

Shares of First Internet Bancorp – Fixed- stock traded up $0.16 during trading hours on Monday, hitting $24.41. 1,436 shares of the company’s stock traded hands, compared to its average volume of 3,811. First Internet Bancorp – Fixed- has a 12-month low of $23.00 and a 12-month high of $25.14. The company has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $24.66.

First Internet Bancorp – Fixed- Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Sunday, February 15th will be given a $0.5039 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.02 annualized dividend and a yield of 8.3%.

About First Internet Bancorp – Fixed-

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.