First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Stock Price Down 0.4% – Should You Sell?

Shares of First Internet Bancorp – Fixed- (NASDAQ:INBKZ) traded down 0.4% on Thursday . The stock traded as low as $25.12 and last traded at $25.1110. Approximately 4,415 shares traded hands during trading, an increase of 72% from the average daily volume of 2,572 shares. The stock had previously closed at $25.20.

First Internet Bancorp – Fixed- Stock Performance

The company has a 50-day moving average of $25.08 and a 200-day moving average of $24.78.

First Internet Bancorp – Fixed- Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 15th were paid a dividend of $0.5048 per share. The ex-dividend date was Friday, May 15th. This is a positive change from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.0%.

First Internet Bancorp – Fixed- Company Profile

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.