First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Significant Drop in Short Interest

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

First Internet Bancorp – Fixed- Stock Down 0.2%

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

First Internet Bancorp – Fixed- Increases Dividend

The business also recently declared 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. This represents a $2.03 annualized dividend and a yield of 8.0%. The ex-dividend date was 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.