First Internet Bancorp (NASDAQ:INBK – Get Free Report) issued its earnings results on Wednesday. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01), RTT News reports. First Internet Bancorp had a return on equity of 5.23% and a net margin of 6.12%. During the same quarter in the prior year, the business posted $0.39 EPS.
First Internet Bancorp Trading Down 8.2 %
INBK stock traded down $3.01 during trading on Thursday, hitting $33.51. 9,352 shares of the company traded hands, compared to its average volume of 52,247. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50-day moving average of $34.71 and a 200-day moving average of $32.31. The firm has a market capitalization of $290.06 million, a PE ratio of 18.01 and a beta of 0.66. First Internet Bancorp has a 1 year low of $14.11 and a 1 year high of $39.46.
First Internet Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. First Internet Bancorp’s dividend payout ratio is currently 12.63%.
Wall Street Analysts Forecast Growth
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.
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