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

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,560 shares, a growth of 138.5% from the August 31st total of 1,912 shares. Based on an average daily trading volume, of 17,698 shares, the days-to-cover ratio is presently 0.3 days.

First Internet Bancorp – Fixed- Stock Up 0.2%

NASDAQ:INBKZ traded up $0.05 during mid-day trading on Friday, reaching $25.15. 296 shares of the company were exchanged, compared to its average volume of 3,436. First Internet Bancorp – Fixed- has a 12 month low of $23.48 and a 12 month high of $25.64. The company has a fifty day moving average of $25.26 and a 200 day moving average of $24.99.

First Internet Bancorp – Fixed- Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Saturday, August 15th will be paid a $0.5067 dividend. This is a boost from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.5048. This represents a $2.03 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, August 14th.

About First Internet Bancorp – Fixed-

First Internet Bancorp is a bank holding company headquartered in Indianapolis, Indiana. Through its principal subsidiary, First Internet Bank, the company provides digital banking services to individuals, businesses, nonprofit organizations and public-sector entities.

First Internet Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts, along with residential and consumer banking services. Its lending activities include commercial and industrial loans, commercial real estate financing, construction loans, small business lending, franchise finance, public finance and residential mortgage products.

Founded in 1998, First Internet Bank operates primarily through online and electronic delivery channels, supported by offices and banking operations in Indiana.