First Internet Bancorp (NASDAQ:INBK – Get Free Report) posted its quarterly 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 last year, the firm earned $0.39 EPS.
First Internet Bancorp Price Performance
Shares of NASDAQ INBK traded down $1.52 during trading on Thursday, hitting $35.00. The company had a trading volume of 5,531 shares, compared to its average volume of 52,228. 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 market cap of $302.96 million, a P/E ratio of 18.01 and a beta of 0.66. The business’s 50-day moving average is $34.71 and its 200 day moving average is $32.31. First Internet Bancorp has a 52 week low of $14.11 and a 52 week high of $39.46.
First Internet Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 0.69%. First Internet Bancorp’s dividend payout ratio is presently 12.63%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on INBK
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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