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 First Internet Banc stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $17.82 per share, for a total transaction of $17,820.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is available at this link.
Shares of First Internet Banc (NASDAQ:INBK) opened at 17.64 on Friday. First Internet Banc has a 1-year low of $17.04 and a 1-year 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 issued its quarterly earnings data 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 $0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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 1.36%. 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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