Fiduciary Trust Co Has $6.56 Million Stock Position in First Internet Bancorp (NASDAQ:INBK)

Fiduciary Trust Co decreased its stake in First Internet Bancorp (NASDAQ:INBK - Free Report) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,599 shares of the bank's stock after selling 39,751 shares during the quarter. Fiduciary Trust Co owned approximately 2.21% of First Internet Bancorp worth $6,564,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in First Internet Bancorp by 149.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 38,972 shares of the bank's stock worth $1,053,000 after buying an additional 23,376 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of First Internet Bancorp by 189.9% during the second quarter. Thrivent Financial for Lutherans now owns 23,576 shares of the bank's stock worth $637,000 after purchasing an additional 15,444 shares in the last quarter. Rhumbline Advisers grew its stake in shares of First Internet Bancorp by 2,179.6% during the second quarter. Rhumbline Advisers now owns 9,483 shares of the bank's stock valued at $256,000 after purchasing an additional 9,067 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Internet Bancorp by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 489,663 shares of the bank's stock valued at $13,230,000 after purchasing an additional 42,227 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in First Internet Bancorp by 50.9% in the 2nd quarter. Acadian Asset Management LLC now owns 147,275 shares of the bank's stock worth $3,978,000 after purchasing an additional 49,675 shares during the last quarter. 65.46% of the stock is currently owned by institutional investors.

First Internet Bancorp Trading Up 0.0 %

Shares of NASDAQ INBK traded up $0.02 during midday trading on Friday, hitting $41.93. The stock had a trading volume of 14,851 shares, compared to its average volume of 50,116. The firm has a market cap of $363.53 million, a P/E ratio of 16.51 and a beta of 0.66. First Internet Bancorp has a fifty-two week low of $19.49 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.98. The company's 50-day simple moving average is $36.95 and its 200 day simple moving average is $33.62.

First Internet Bancorp (NASDAQ:INBK - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $87.02 million during the quarter, compared to the consensus estimate of $32.50 million. First Internet Bancorp had a net margin of 6.92% and a return on equity of 6.06%. During the same period last year, the business posted $0.39 EPS. Research analysts anticipate that First Internet Bancorp will post 3.07 EPS for the current year.

First Internet Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.57%. First Internet Bancorp's dividend payout ratio (DPR) is presently 9.45%.

About First Internet Bancorp

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.