First Internet Bancorp (INBK): David B Becker , CEO of First Internet Bancorp purchased 5,000 shares on May 27, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.73 per share for a total value of $128,650.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 2, 2015, Jerry L. Williams (director) purchased 1,000 shares at $15.88 per share price.On Jan 29, 2015, Ralph R Jr Whitney (director) purchased 1,000 shares at $16.00 per share price.
First Internet Bancorp: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in First Internet Bancorp which led to swings in the share price. The shares opened for trading at $25.59 and hit $25.98 on the upside , eventually ending the session at $25.8, with a gain of 0.82% or 0.21 points. The heightened volatility saw the trading volume jump to 47,419 shares. The 52-week high of the share price is $39.764 and the company has a market cap of $116 M . The 52-week low of the share price is at $22.01.
First Internet Bancorp is a bank holding company that conducts its business activities through its wholly owned subsidiary First Internet Bank of Indiana an Indiana chartered bank (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet. The Company also offers commercial real estate (CRE) lending including nationwide single tenant lease financing and commercial and industrial (C&I) lending including asset-based lending and business banking/treasury management services to meet the needs of commercial borrowers and depositors. At December 31 2014 CRE and C&I loans comprised 48.3% of loans receivable. The Bank’s wholly owned subsidiary JKH Realty Services LLC manage real estate owned properties. As of December 31 2014 the Bank’s total deposits were $758.6 million.