First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Large Decline in Short Interest

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,080 shares, a drop of 55.7% from the July 15th total of 4,691 shares. Based on an average daily trading volume, of 1,505 shares, the days-to-cover ratio is presently 1.4 days.

First Internet Bancorp – Fixed- Stock Down 1.1%

Shares of First Internet Bancorp – Fixed- stock traded down $0.28 during trading on Friday, reaching $25.24. The company’s stock had a trading volume of 4,192 shares, compared to its average volume of 2,507. The business has a 50 day moving average price of $25.19 and a 200-day moving average price of $24.85. First Internet Bancorp – Fixed- has a 12-month low of $23.48 and a 12-month high of $25.64.

First Internet Bancorp – Fixed- Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Saturday, August 15th will be paid a dividend of $0.5067 per share. This is a boost from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. 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.