First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Short Interest Update

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

First Internet Bancorp – Fixed- Price Performance

INBKZ stock traded up $0.10 during trading on Friday, reaching $24.35. 1,416 shares of the stock traded hands, compared to its average volume of 3,811. The business’s 50 day moving average price is $24.61 and its 200-day moving average price 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Sunday, February 15th will be issued a dividend of $0.5039 per share. The ex-dividend date is Friday, February 13th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.3%.

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.