Kessler Investment Group Lowers stake in First Internet Bancorp (INBK)

First Internet Bancorp (INBK) : Kessler Investment Group reduced its stake in First Internet Bancorp by 9.03% during the most recent quarter end. The investment management company now holds a total of 34,942 shares of First Internet Bancorp which is valued at $871,453 after selling 3,469 shares in First Internet Bancorp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.First Internet Bancorp makes up approximately 1.20% of Kessler Investment Group’s portfolio.

Other Hedge Funds, Including , Foundry Partners boosted its stake in INBK in the latest quarter, The investment management firm added 3,061 additional shares and now holds a total of 82,734 shares of First Internet Bancorp which is valued at $2,043,530. First Internet Bancorp makes up approx 0.19% of Foundry Partners’s portfolio.Creative Planning boosted its stake in INBK in the latest quarter, The investment management firm added 1,208 additional shares and now holds a total of 1,213 shares of First Internet Bancorp which is valued at $29,961. Bnp Paribas Arbitrage Sa added INBK to its portfolio by purchasing 205 company shares during the most recent quarter which is valued at $4,936.

First Internet Bancorp closed down -0.33 points or -1.31% at $24.94 with 29,468 shares getting traded on Wednesday. Post opening the session at $25.27, the shares hit an intraday low of $24.6 and an intraday high of $25.27 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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