First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Stock Price Up 0.3% – Still a Buy?

First Internet Bancorp – Fixed- (NASDAQ:INBKZ)’s share price rose 0.3% on Wednesday . The stock traded as high as $25.13 and last traded at $25.13. Approximately 200 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 2,935 shares. The stock had previously closed at $25.05.

First Internet Bancorp – Fixed- Price Performance

The company’s fifty day moving average is $24.81 and its two-hundred day moving average is $24.67.

First Internet Bancorp – Fixed- Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 15th will be paid a $0.5048 dividend. This represents a $2.02 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. The ex-dividend date is Friday, May 15th.

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.