First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Short Interest Down 55.7% in July

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

First Internet Bancorp – Fixed- Price Performance

Shares of NASDAQ:INBKZ traded down $0.28 during trading on Friday, hitting $25.24. The company had a trading volume of 4,192 shares, compared to its average volume of 2,507. The company has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $24.85. First Internet Bancorp – Fixed- has a one year low of $23.48 and a one year high of $25.64.

First Internet Bancorp – Fixed- Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. This represents a $2.03 annualized dividend and a yield of 8.0%.

About First Internet Bancorp – Fixed-

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.