First Internet Bancorp (INBK) to Issue $0.06 Quarterly Dividend
First Internet Bancorp (NASDAQ:INBK) declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Friday, September 30th will be given a dividend of 0.06 per share on Monday, October 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of First Internet Bancorp (NASDAQ:INBK) traded down 0.30% on Wednesday, reaching $22.90. 17,500 shares of the company’s stock traded hands. The firm has a market capitalization of $126.71 million, a P/E ratio of 10.84 and a beta of -0.08. First Internet Bancorp has a 52 week low of $22.01 and a 52 week high of $33.00. The firm’s 50 day moving average is $23.44 and its 200 day moving average is $23.91.
A number of research firms have recently commented on INBK. FIG Partners restated an “outperform” rating on shares of First Internet Bancorp in a report on Wednesday, September 7th. Maxim Group cut their price target on shares of First Internet Bancorp from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, July 25th.
About First Internet Bancorp
First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet.
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