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

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

First Internet Bancorp – Fixed- Trading Up 1.4%

Shares of First Internet Bancorp – Fixed- stock traded up $0.35 on Monday, reaching $25.46. 2,055 shares of the stock were exchanged, compared to its average volume of 2,503. The business has a 50 day moving average price of $25.19 and a two-hundred day moving average price of $24.85. First Internet Bancorp – Fixed- has a twelve month low of $23.48 and a twelve month high of $25.64.

First Internet Bancorp – Fixed- Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Saturday, August 15th will be paid a dividend of $0.5067 per share. This represents a $2.03 annualized dividend and a yield of 8.0%. The ex-dividend date is Friday, August 14th. This is a positive change from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50.

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.