Short Interest in First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Expands By 76.8%

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 3,678 shares, a growth of 76.8% from the July 30th total of 2,080 shares. Based on an average daily trading volume, of 2,645 shares, the short-interest ratio is presently 1.4 days.

First Internet Bancorp – Fixed- Stock Performance

NASDAQ:INBKZ opened at $25.20 on Monday. The firm has a 50-day moving average price of $25.22 and a two-hundred day moving average price of $24.89. 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Saturday, August 15th will be given a $0.5067 dividend. This is a boost from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. This represents a $2.03 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Friday, August 14th.

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.