First Internet Bancorp (INBK) Soars 1.14% on July 24

Equities Staff  |

First Internet Bancorp (INBK) had a good day on the market for Friday July 24 as shares jumped 1.14% to close at $15.09. About 95,490 shares traded hands on 792 trades for the day, compared with an average daily volume of n/a shares out of a total float of 9.8 million. After opening the trading day at $15.46, shares of First Internet Bancorp stayed within a range of $15.46 to $14.96.

With today's gains, First Internet Bancorp now has a market cap of $147.87 million. Shares of First Internet Bancorp have been trading within a range of $28.50 and $10.48 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.

First Internet Bancorp is based out of Fishers, IN and has some 231 employees. Its CEO is David B. Becker.

For a complete fundamental analysis of First Internet Bancorp, check out Equities.com’s Stock Valuation Analysis report for INBK.

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First Internet Bancorp is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on First Internet Bancorp and to follow the company’s latest updates, you can visit the company’s profile page here: INBK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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