Insider Buying: First Internet Banc CEO Buys 2,000 Shares of Stock (INBK)
First Internet Banc (NASDAQ:INBK) CEO David B. Becker bought 2,000 shares of First Internet Banc stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $17.74 per share, with a total value of $35,480.00. Following the transaction, the chief executive officer now directly owns 207,128 shares of the company’s stock, valued at approximately $3,674,451. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
First Internet Banc (NASDAQ:INBK) traded up 1.38% during mid-day trading on Thursday, hitting $17.59. The stock had a trading volume of 30,264 shares. First Internet Banc has a 1-year low of $17.23 and a 1-year high of $36.00. The stock’s 50-day moving average is $20.30 and its 200-day moving average is $21.60. The company has a market cap of $78.3 million and a P/E ratio of 22.47.
First Internet Banc (NASDAQ:INBK) last announced its earnings results on Thursday, July 24th. The company reported $0.22 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.22. On average, analysts predict that First Internet Banc will post $0.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, September 26th.
First Internet Bancorp is a provider of online retail and business banking services nationwide. The Company is a parent company of First Internet Bank of Indiana.
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