First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Stock Price Up 0.3% – Here’s Why

Shares of First Internet Bancorp – Fixed- (NASDAQ:INBKZ) shot up 0.3% on Thursday . The company traded as high as $25.00 and last traded at $25.10. Approximately 940 shares were traded during trading, a decline of 65% from the average session volume of 2,668 shares. The stock had previously closed at $25.02.

First Internet Bancorp – Fixed- Stock Up 0.8%

The company’s 50 day moving average price is $25.00 and its two-hundred day moving average price is $24.73.

First Internet Bancorp – Fixed- Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 15th will be given a $0.5048 dividend. This is a positive change from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.02 annualized dividend and a 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.