Short Interest in First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Rises By 36.8%

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,276 shares, an increase of 36.8% from the February 12th total of 933 shares. Based on an average daily trading volume, of 4,904 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 4,904 shares, the days-to-cover ratio is presently 0.3 days.

First Internet Bancorp – Fixed- Trading Up 0.4%

NASDAQ:INBKZ traded up $0.10 during trading hours on Friday, hitting $24.35. The company’s stock had a trading volume of 1,416 shares, compared to its average volume of 3,811. The business’s 50-day moving average is $24.61 and its two-hundred day moving average is $24.66. First Internet Bancorp – Fixed- has a 52-week low of $23.00 and a 52-week high of $25.14.

First Internet Bancorp – Fixed- Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Sunday, February 15th will be paid a dividend of $0.5039 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.3%.

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.