First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Sees Large Decline in Short Interest

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,912 shares, a decrease of 48.0% from the August 15th total of 3,678 shares. Based on an average daily volume of 1,254 shares, the days-to-cover ratio is presently 1.5 days.

First Internet Bancorp – Fixed- Stock Performance

Shares of INBKZ stock traded down $0.06 during mid-day trading on Tuesday, reaching $25.26. 5,139 shares of the company’s stock traded hands, compared to its average volume of 3,390. First Internet Bancorp – Fixed- has a 12 month low of $23.48 and a 12 month high of $25.64. The company’s 50-day moving average price is $25.26 and its 200-day moving average price is $24.95.

First Internet Bancorp – Fixed- Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Saturday, August 15th will be given a dividend of $0.5067 per share. This is an increase from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.03 dividend on an annualized basis 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.