First Internet Bancorp (NASDAQ:INBK – Get Free Report) announced its earnings results on Wednesday. The bank reported $0.80 earnings per share (EPS) 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 last year, the business posted $0.39 EPS.
First Internet Bancorp Stock Down 6.3 %
Shares of INBK stock traded down $2.31 on Thursday, hitting $34.21. The stock had a trading volume of 8,569 shares, compared to its average volume of 52,207. 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 stock’s 50 day moving average is $34.71 and its 200-day moving average is $32.31. The firm has a market capitalization of $296.12 million, a price-to-earnings ratio of 19.22 and a beta of 0.66. First Internet Bancorp has a 52-week low of $14.11 and a 52-week high of $39.46.
First Internet Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Monday, September 30th. First Internet Bancorp’s dividend payout ratio is presently 12.63%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis 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.
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