First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Trading Up 0% – Still a Buy?

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) shares were up 0% on Friday . The company traded as high as $24.85 and last traded at $24.7450. Approximately 6,090 shares were traded during mid-day trading, an increase of 129% from the average daily volume of 2,664 shares. The stock had previously closed at $24.74.

First Internet Bancorp – Fixed- Stock Performance

The business’s 50 day simple moving average is $24.61 and its 200 day simple moving average is $24.68.

First Internet Bancorp – Fixed- Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Saturday, November 15th will be paid a $0.5236 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.09 dividend on an annualized basis and a yield of 8.5%.

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.