First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Stock Short Interest Report for September

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,121 shares, a decline of 53.5% from the September 15th total of 4,560 shares. Based on an average daily trading volume, of 4,273 shares, the days-to-cover ratio is presently 0.5 days.

First Internet Bancorp – Fixed- Trading Down 0.2%

Shares of INBKZ traded down $0.05 during midday trading on Tuesday, hitting $25.22. The stock had a trading volume of 874 shares, compared to its average volume of 3,406. First Internet Bancorp – Fixed- has a 1 year low of $23.48 and a 1 year high of $25.64. The stock’s 50 day moving average is $25.25 and its 200 day moving average is $25.06.

First Internet Bancorp – Fixed- Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Saturday, August 15th were given a $0.5067 dividend. This is an increase from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.5048. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.03 dividend on an annualized basis and a yield of 8.0%.

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.