First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Stock Short Interest Report for September

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 2,121 shares, a decline of 53.5% from the September 15th total of 4,560 shares. Based on an average daily volume of 4,273 shares, the short-interest ratio is presently 0.5 days.

First Internet Bancorp – Fixed- Trading Down 0.1%

INBKZ stock traded down $0.03 during midday trading on Thursday, reaching $25.26. 3,956 shares of the company’s stock traded hands, compared to its average volume of 3,409. The company has a 50-day simple moving average of $25.24 and a two-hundred day simple moving average of $25.08. First Internet Bancorp – Fixed- has a 1-year low of $23.48 and a 1-year high of $25.64.

First Internet Bancorp – Fixed- Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Saturday, August 15th were issued a dividend of $0.5067 per share. This represents a $2.03 dividend on an annualized basis and a yield of 8.0%. This is an increase from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.5048. The ex-dividend date was Friday, August 14th.

About First Internet Bancorp – Fixed-

First Internet Bancorp is the bank holding company for First Internet Bank, a full-service financial institution headquartered in Indianapolis, Indiana. Founded in 1999, First Internet Bank operates primarily through digital and electronic delivery channels and serves consumers, businesses, nonprofit organizations, and public-sector entities.

The bank offers deposit products, residential and commercial real estate lending, commercial and industrial loans, consumer lending, small business administration lending, franchise financing, public finance services, and treasury management solutions.