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

First Internet Bancorp – Fixed- (NASDAQ:INBKZGet Free Report) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 933 shares, an increase of 606.8% from the January 29th total of 132 shares. Based on an average trading volume of 4,076 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 4,076 shares, the days-to-cover ratio is presently 0.2 days.

First Internet Bancorp – Fixed- Price Performance

INBKZ traded down $0.10 during trading on Friday, reaching $24.36. The company’s stock had a trading volume of 5,663 shares, compared to its average volume of 3,596. The company’s fifty day moving average price is $24.68 and its 200-day moving average price is $24.70. 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 disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Sunday, February 15th will be paid a $0.5039 dividend. This represents a $2.02 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, February 13th.

About First Internet Bancorp – Fixed-

(Get Free Report)

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.

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