Insider Buying: First Internet Banc Director Acquires 1,000 Shares of Stock (INBK)
First Internet Banc (NASDAQ:INBK) Director Jerry L. Williams purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $17.82 per share, with a total value of $17,820.00. Following the completion of the purchase, the director now directly owns 30,528 shares of the company’s stock, valued at approximately $544,009. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of First Internet Banc (NASDAQ:INBK) traded down 0.84% during mid-day trading on Friday, hitting $17.64. The stock had a trading volume of 6,037 shares. First Internet Banc has a 52 week low of $17.04 and a 52 week high of $31.82. The stock has a 50-day moving average of $19.16 and a 200-day moving average of $21.37. The company has a market cap of $78.5 million and a P/E ratio of 23.04.
First Internet Banc (NASDAQ:INBK) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.22. Analysts expect that First Internet Banc will post $0.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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 1.36%. 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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