Insider Buying: First Internet Banc SVP Buys 1,000 Shares of Stock (INBK)
First Internet Banc (NASDAQ:INBK) SVP C. Charles Perfetti purchased 1,000 shares of the stock on the open market in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $17.75 per share, with a total value of $17,750.00. Following the completion of the transaction, the senior vice president now directly owns 27,836 shares of the company’s stock, valued at approximately $494,089. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of First Internet Banc (NASDAQ:INBK) traded up 1.38% during mid-day trading on Thursday, hitting $17.59. 30,264 shares of the company’s stock traded hands. First Internet Banc has a 52-week low of $17.23 and a 52-week 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 price-to-earnings ratio of 22.47.
First Internet Banc (NASDAQ:INBK) last posted its quarterly 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. Analysts expect that First Internet Banc will post $0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend 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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