NASDAQ:INBK First Internet Bancorp (INBK) Stock Price, News & Analysis $39.10 +3.19 (+8.88%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$36.69▼$39.4650-Day Range$25.02▼$39.1052-Week Range$14.11▼$39.46Volume92,500 shsAverage Volume59,717 shsMarket Capitalization$338.61 millionP/E Ratio20.58Dividend Yield0.61%Price Target$35.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get First Internet Bancorp alerts: Email Address First Internet Bancorp MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside5.5% Upside$41.25 Price TargetShort InterestHealthy2.07% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.61Based on 16 Articles This WeekInsider TradingN/AProj. Earnings Growth27.10%From $3.10 to $3.94 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.85 out of 5 starsFinance Sector509th out of 898 stocksState Commercial Banks Industry116th out of 181 stocks 1.3 Analyst's Opinion Consensus RatingFirst Internet Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageFirst Internet Bancorp has only been the subject of 4 research reports in the past 90 days.Read more about First Internet Bancorp's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.07% of the float of First Internet Bancorp has been sold short.Short Interest Ratio / Days to CoverFirst Internet Bancorp has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Internet Bancorp has recently increased by 338.90%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldFirst Internet Bancorp has a dividend yield of 0.67%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Internet Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of First Internet Bancorp is 12.63%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Internet Bancorp will have a dividend payout ratio of 6.09% next year. This indicates that First Internet Bancorp will be able to sustain or increase its dividend.Read more about First Internet Bancorp's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INBK. Previous Next 2.6 News and Social Media Coverage News SentimentFirst Internet Bancorp has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 16 news articles for First Internet Bancorp this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added First Internet Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Internet Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.10% of the stock of First Internet Bancorp is held by insiders.Percentage Held by Institutions65.46% of the stock of First Internet Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about First Internet Bancorp's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for First Internet Bancorp are expected to grow by 27.10% in the coming year, from $3.10 to $3.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Internet Bancorp is 20.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of First Internet Bancorp is 20.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.14.Price to Book Value per Share RatioFirst Internet Bancorp has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about First Internet Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsNvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.Find out details on these three critical Nvidia partners immediately. About First Internet Bancorp Stock (NASDAQ:INBK)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. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity, line of credit and home improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; franchise finance; and small business lending. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of public and municipal lending and leasing products to government entities. Further, the company offers corporate credit card and treasury management services. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.Read More INBK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INBK Stock News HeadlinesJuly 26 at 9:19 PM | markets.businessinsider.comCraig-Hallum Reaffirms Their Buy Rating on First Internet Bancorp (INBK)July 25 at 11:30 AM | chron.comFirst Internet: Q2 Earnings SnapshotJuly 27, 2024 | Behind the Markets (Ad)J.P. Morgan’s DIRE WarningWhen the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."July 25 at 11:30 AM | finance.yahoo.comFirst Internet Bancorp Reports Second Quarter 2024 ResultsJuly 24 at 5:14 PM | gurufocus.comFirst Internet Bancorp Q2 2024 Earnings: EPS of $0.67 Misses Estimates, Revenue at $21. ...July 24 at 1:43 AM | markets.businessinsider.comFirst Internet Bancorp earnings: here's what Wall Street expectsJuly 23, 2024 | businessinsider.comFirst Internet Bank of Indiana Review 2024July 22, 2024 | americanbankingnews.comFirst Internet Bancorp (INBK) Scheduled to Post Earnings on WednesdayJuly 27, 2024 | Behind the Markets (Ad)J.P. Morgan’s DIRE WarningWhen the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."May 28, 2024 | msn.comBest 3-Month CD Rates of June 2024: Smart Savings, Quick AccessMay 26, 2024 | finance.yahoo.comFirst Internet Bancorp (INBK)April 27, 2024 | seekingalpha.comFirst Internet Bancorp (INBK) Q1 2024 Earnings Call TranscriptApril 26, 2024 | finance.yahoo.comQ1 2024 First Internet Bancorp Earnings CallApril 26, 2024 | finance.yahoo.comFirst Internet Bancorp (INBK) Q1 2024 Earnings Call Transcript Highlights: Robust Growth and ...April 24, 2024 | washingtonpost.comFirst Internet: Q1 Earnings SnapshotApril 24, 2024 | businesswire.comFirst Internet Bancorp Reports First Quarter 2024 ResultsApril 24, 2024 | investing.comFirst Internet (INBK) Earnings Dates & ReportsApril 16, 2024 | finance.yahoo.comPleasing Signs As A Number Of Insiders Buy First Internet Bancorp StockSee More Headlines Receive INBK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Internet Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/15 Dividend6/28/2024Dividend Payable7/15/2024Last Earnings7/24/2024Today7/26/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryBanking Current SymbolNASDAQ:INBK CUSIPN/A CIK1562463 Webwww.firstinternetbancorp.com Phone(317) 532-7900Fax317-532-7901Employees290Year FoundedN/APrice Target and Rating Average Stock Price Target$41.25 High Stock Price Target$45.00 Low Stock Price Target$34.00 Potential Upside/Downside-8.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.90 Trailing P/E Ratio20.58 Forward P/E Ratio12.61 P/E GrowthN/ANet Income$8.42 million Net Margins6.12% Pretax Margin5.59% Return on Equity5.27% Return on Assets0.36% Debt Debt-to-Equity Ratio1.85 Current Ratio1.02 Quick Ratio1.02 Sales & Book Value Annual Sales$265.57 million Price / Sales1.28 Cash Flow$2.76 per share Price / Cash Flow14.19 Book Value$41.97 per share Price / Book0.93Miscellaneous Outstanding Shares8,660,000Free Float8,041,000Market Cap$338.61 million OptionableOptionable Beta0.68 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. David B. Becker (Age 71)Chairman & CEO Comp: $1.1MMs. Nicole S. Lorch (Age 50)President, COO & Corporate Secretary Comp: $686.2kMr. Kenneth J. Lovik (Age 54)Executive VP & CFO Comp: $486.29kMs. Paula DeemerExecutive Assistant & Director of Corporate AdministrationMr. David BybeeVP & Senior Credit OfficerKey CompetitorsACNBNASDAQ:ACNBMutualFirst FinancialNASDAQ:MFSFChoiceOne Financial ServicesNASDAQ:COFSHoward BancorpNASDAQ:HBMDFirst Savings Financial GroupNASDAQ:FSFGView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpBought 23,376 shares on 7/26/2024Ownership: 0.450%Valeo Financial Advisors LLCBought 606 shares on 7/10/2024Ownership: 0.277%Ancora Advisors LLCBought 14,190 shares on 5/16/2024Ownership: 2.504%Jacobs Levy Equity Management Inc.Sold 21,271 shares on 5/16/2024Ownership: 1.230%Aristides Capital LLCSold 414 shares on 5/15/2024Ownership: 0.134%View All Institutional Transactions INBK Stock Analysis - Frequently Asked Questions How have INBK shares performed this year? First Internet Bancorp's stock was trading at $24.19 on January 1st, 2024. Since then, INBK stock has increased by 61.6% and is now trading at $39.10. View the best growth stocks for 2024 here. How were First Internet Bancorp's earnings last quarter? First Internet Bancorp (NASDAQ:INBK) announced its earnings results on Wednesday, July, 24th. The bank reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The bank had revenue of $81.99 million for the quarter, compared to analysts' expectations of $30.55 million. First Internet Bancorp had a net margin of 6.12% and a trailing twelve-month return on equity of 5.27%. What is David B. Becker's approval rating as First Internet Bancorp's CEO? 29 employees have rated First Internet Bancorp Chief Executive Officer David B. Becker on Glassdoor.com. David B. Becker has an approval rating of 93% among the company's employees. This puts David B. Becker in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are First Internet Bancorp's major shareholders? Top institutional shareholders of First Internet Bancorp include Bank of New York Mellon Corp (0.45%) and Valeo Financial Advisors LLC (0.28%). Insiders that own company stock include David B Becker, Nicole S Lorch, John K Keach Jr, Aasif M Bade, Justin P Christian, Ann C Dee and Jerry L Williams. View institutional ownership trends. How do I buy shares of First Internet Bancorp? Shares of INBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of First Internet Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that First Internet Bancorp investors own include Global Net Lease (GNL), Capital Product Partners (CPLP), STAG Industrial (STAG), Advanced Micro Devices (AMD), Employers (EIG), Enbridge (ENB) and Enterprise Products Partners (EPD). This page (NASDAQ:INBK) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Ru...Colonial Metals | SponsoredFormer Hedge Fund Manager Issues Crash PredictionOur No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilso...Stansberry Research | SponsoredBrace Yourself: Experts calling for Bitcoin to hit $100kFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range...Crypto 101 Media | SponsoredBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street vete...InvestorPlace | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Internet Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Share First Internet Bancorp With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
