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

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

First Internet Bancorp – Fixed- Stock Performance

First Internet Bancorp – Fixed- stock opened at $25.20 on Monday. The stock has a 50-day moving average price of $25.22 and a 200 day moving average price of $24.89. First Internet Bancorp – Fixed- has a 52 week low of $23.48 and a 52 week high of $25.64.

First Internet Bancorp – Fixed- Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.5067 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 8.0%. This is a boost from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th.

About First Internet Bancorp – Fixed-

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.