First Internet Bancorp (NASDAQ:INBK – Get Free Report) posted its earnings results on Wednesday. The bank reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72, Zacks reports. The firm had revenue of $81.99 million for the quarter, compared to analyst estimates of $30.55 million. First Internet Bancorp had a return on equity of 4.64% and a net margin of 5.84%. During the same period in the previous year, the company posted $0.44 earnings per share.
First Internet Bancorp Stock Down 0.5 %
Shares of NASDAQ:INBK traded down $0.18 during midday trading on Thursday, reaching $35.91. The company had a trading volume of 42,844 shares, compared to its average volume of 59,487. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.85. The business’s 50 day moving average price is $29.47 and its 200 day moving average price is $30.58. The stock has a market cap of $310.84 million, a PE ratio of 18.78 and a beta of 0.68. First Internet Bancorp has a 1-year low of $14.11 and a 1-year high of $37.69.
First Internet Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 28th. First Internet Bancorp’s dividend payout ratio is currently 12.63%.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on INBK
First Internet Bancorp Company Profile
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.
Recommended Stories
- Five stocks we like better than First Internet Bancorp
- 3 Warren Buffett Stocks to Buy Now
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- How Can Investors Benefit From After-Hours Trading
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for First Internet Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Internet Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.