First Internet Bancorp (NASDAQ:INBK – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01), RTT News reports. First Internet Bancorp had a net margin of 6.12% and a return on equity of 5.23%. During the same period last year, the firm posted $0.39 earnings per share.
First Internet Bancorp Price Performance
INBK stock traded down $2.31 during midday trading on Thursday, hitting $34.21. 8,569 shares of the stock were exchanged, 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 has a market cap of $296.12 million, a price-to-earnings ratio of 19.22 and a beta of 0.66. First Internet Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $39.46. The stock’s 50-day moving average price is $34.71 and its 200-day moving average price is $32.31.
First Internet Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.70%. The ex-dividend date was Monday, September 30th. First Internet Bancorp’s payout ratio is currently 12.63%.
Wall Street Analyst Weigh In
View Our Latest Stock 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.
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