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

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

First Internet Bancorp – Fixed- Stock Up 0.2%

Shares of NASDAQ:INBKZ traded up $0.05 on Friday, hitting $25.15. The stock had a trading volume of 296 shares, compared to its average volume of 3,436. The firm’s 50 day moving average price is $25.26 and its 200-day moving average price is $24.99. First Internet Bancorp – Fixed- has a twelve month low of $23.48 and a twelve month high of $25.64.

First Internet Bancorp – Fixed- Increases Dividend

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

First Internet Bancorp – Fixed- Company Profile

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.