Short Interest in First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Increases By 76.8%

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,678 shares, an increase of 76.8% from the July 30th total of 2,080 shares. Based on an average daily trading volume, of 2,645 shares, the short-interest ratio is currently 1.4 days.

First Internet Bancorp – Fixed- Stock Performance

INBKZ traded down $0.07 during trading on Tuesday, reaching $25.13. 2,055 shares of the company’s stock were exchanged, compared to its average volume of 2,456. First Internet Bancorp – Fixed- has a 1 year low of $23.48 and a 1 year high of $25.64. The company’s fifty day simple moving average is $25.23 and its 200-day simple moving average is $24.90.

First Internet Bancorp – Fixed- Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Saturday, August 15th will be given a dividend of $0.5067 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.03 annualized dividend and a yield of 8.1%. This is an increase from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50.

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.