First Internet Bancorp (NASDAQ:INBK – Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.80 EPS for the quarter, missing the consensus estimate 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%. The firm had revenue of $87.02 million for the quarter, compared to analysts’ expectations of $32.50 million. During the same quarter in the previous year, the business earned $0.39 earnings per share.
First Internet Bancorp Stock Up 0.6 %
Shares of INBK stock traded up $0.20 during trading hours on Friday, reaching $35.14. 34,455 shares of the company’s stock were exchanged, compared to its average volume of 52,373. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.83. The company has a market cap of $304.17 million, a price-to-earnings ratio of 18.49 and a beta of 0.66. First Internet Bancorp has a fifty-two week low of $14.90 and a fifty-two week high of $39.46. The stock’s 50 day moving average is $34.76 and its 200-day moving average is $32.34.
First Internet Bancorp Announces Dividend
The company 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 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, September 30th. First Internet Bancorp’s dividend payout ratio is currently 12.63%.
Analyst Upgrades and Downgrades
About First Internet Bancorp
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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