First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Shares Shorted: Short Interest Up 138.5% in September

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a large increase in short interest in 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 short-interest ratio is presently 0.3 days.

First Internet Bancorp – Fixed- Price Performance

INBKZ stock traded up $0.07 during trading on Monday, reaching $25.21. 720 shares of the stock were exchanged, compared to its average volume of 3,420. The business has a 50 day moving average price of $25.26 and a 200-day moving average price of $25.00. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Saturday, August 15th will be paid a dividend of $0.5067 per share. This represents a $2.03 annualized dividend and a yield of 8.0%. 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 $0.5048.

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.