First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Short Interest Update

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 933 shares, an increase of 606.8% from the January 29th total of 132 shares. Based on an average daily trading volume, of 4,076 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 4,076 shares, the short-interest ratio is currently 0.2 days.

First Internet Bancorp – Fixed- Stock Up 0.8%

Shares of INBKZ stock traded up $0.19 during trading on Wednesday, reaching $24.54. 5,182 shares of the company’s stock were exchanged, compared to its average volume of 3,499. First Internet Bancorp – Fixed- has a twelve month low of $23.00 and a twelve month high of $25.14. The firm’s fifty day moving average price is $24.69 and its 200-day moving average price is $24.70.

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 issued a $0.5039 dividend. This represents a $2.02 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Friday, February 13th.

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.