First Internet Bancorp (NASDAQ:INBK – Get Free Report) issued its earnings results on Wednesday. The bank reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72, Zacks reports. First Internet Bancorp had a net margin of 5.84% and a return on equity of 4.64%. The firm had revenue of $81.99 million during the quarter, compared to analysts’ expectations of $30.55 million. During the same period last year, the firm posted $0.44 earnings per share.
First Internet Bancorp Stock Down 1.1 %
Shares of First Internet Bancorp stock traded down $0.40 during midday trading on Thursday, reaching $35.69. 20,666 shares of the company’s stock traded hands, compared to its average volume of 59,331. The company has a market cap of $308.93 million, a price-to-earnings ratio of 18.99 and a beta of 0.68. The company’s 50 day simple moving average is $29.47 and its 200 day simple moving average is $30.58. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.02 and a current ratio of 1.02. First Internet Bancorp has a 52 week low of $14.11 and a 52 week high of $37.69.
First Internet Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. First Internet Bancorp’s payout ratio is 12.63%.
Analyst Ratings Changes
View Our Latest Research Report on First Internet Bancorp
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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