First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Stock Short Interest Jumps 138.5%

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) saw a significant increase in short interest during 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 daily trading volume, of 17,698 shares, the days-to-cover ratio is presently 0.3 days.

First Internet Bancorp – Fixed- Price Performance

Shares of INBKZ stock opened at $25.15 on Tuesday. The firm’s fifty day simple moving average is $25.26 and its 200 day simple moving average is $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 business 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 $0.5067 dividend. The ex-dividend date is Friday, August 14th. This is a boost from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.5048. This represents a $2.03 annualized dividend and a dividend yield of 8.1%.

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.