First Internet Bancorp (INBK) To Go Ex-Dividend on December 31st

First Internet Bancorp (NASDAQ:INBK) declared a quarterly dividend on Tuesday, December 16th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.06 per share by the bank on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st.

First Internet Bancorp has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Internet Bancorp to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.8%.

First Internet Bancorp Price Performance

NASDAQ:INBK opened at $20.47 on Monday. The stock has a 50 day moving average of $19.62 and a two-hundred day moving average of $22.67. First Internet Bancorp has a 12 month low of $17.05 and a 12 month high of $37.19. The firm has a market cap of $178.29 million, a P/E ratio of -5.39 and a beta of 0.84. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.01.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings results on Wednesday, October 22nd. The bank reported ($1.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($2.09). First Internet Bancorp had a negative return on equity of 2.05% and a negative net margin of 9.35%.The firm had revenue of $43.53 million during the quarter, compared to analyst estimates of $33.48 million. On average, analysts expect that First Internet Bancorp will post 4.11 earnings per share for the current fiscal year.

About First Internet Bancorp

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).