NASDAQ:INBK First Internet Bancorp (INBK) Stock Price, News & Analysis $36.52 -0.22 (-0.60%) (As of 10/23/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About First Internet Bancorp Stock (NASDAQ:INBK) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get First Internet Bancorp alerts:Sign Up Key Stats Today's Range$36.06▼$37.1350-Day Range$30.50▼$38.2152-Week Range$14.11▼$39.46Volume16,718 shsAverage Volume52,456 shsMarket Capitalization$316.12 millionP/E Ratio17.15Dividend Yield0.66%Price Target$42.88Consensus RatingModerate Buy Company OverviewFirst 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… Watch this before it gets removed (Ad)If you missed it, my emergency election broadcast is now available - but will be removed soonClick here to watch it now. First Internet Bancorp Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks78th Percentile Overall ScoreINBK MarketRank™: First Internet Bancorp scored higher than 78% of companies evaluated by MarketBeat, and ranked 295th out of 896 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy 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. Earnings and Valuation3.8 / 5Proj. Earnings Growth38.00% Earnings GrowthEarnings for First Internet Bancorp are expected to grow by 38.00% in the coming year, from $3.00 to $4.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Internet Bancorp is 17.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.00.Price to Earnings Ratio vs. SectorThe P/E ratio of First Internet Bancorp is 17.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.74.Price to Book Value per Share RatioFirst Internet Bancorp has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.88% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Internet Bancorp has recently decreased by 2.78%, indicating that investor sentiment is improving. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldFirst Internet Bancorp has a dividend yield of 0.63%, 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 5.80% 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. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted1.88% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Internet Bancorp has recently decreased by 2.78%, indicating that investor sentiment is improving. News and Social Media1.8 / 5News Sentiment0.25 News SentimentFirst Internet Bancorp has a news sentiment score of 0.25. 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 lower news sentiment than the 0.53 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for First Internet Bancorp this week, compared to 1 article on an average week. Company Ownership1.7 / 5Insider TradingN/A 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. 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Email Address INBK Stock News HeadlinesFirst Internet Bancorp Reports Third Quarter 2024 ResultsOctober 23 at 5:08 PM | businesswire.comAn Overview of First Internet's EarningsOctober 23 at 3:37 PM | benzinga.comWatch this before it gets removed If you missed it, my emergency election broadcast is now available - but will be removed soonOctober 24, 2024 | Porter & Company (Ad)First Internet Bancorp (INBK) to Release Quarterly Earnings on WednesdayOctober 21 at 2:46 AM | americanbankingnews.comFound Business Banking Review (2024): Is it a Trustworthy Bank?October 11, 2024 | techrepublic.comFirst Internet Bancorp to Announce Third Quarter 2024 Financial Results on Wednesday, October 23October 7, 2024 | businesswire.comHidden Opportunities in US Stocks for October 2024October 3, 2024 | sg.finance.yahoo.comFirst Internet Bancorp (INBK) Shares Gap Down to $32.06 on Oct 2October 2, 2024 | gurufocus.comSee More Headlines INBK Stock Analysis - Frequently Asked Questions How have INBK shares performed this year? First Internet Bancorp's stock was trading at $24.19 at the beginning of 2024. Since then, INBK stock has increased by 51.0% and is now trading at $36.52. View the best growth stocks for 2024 here. How were First Internet Bancorp's earnings last quarter? First Internet Bancorp (NASDAQ:INBK) posted its quarterly earnings results on Wednesday, July, 24th. The bank reported $0.72 earnings per share (EPS) 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 trailing twelve-month return on equity of 5.23% and a net margin of 6.12%. Who are First Internet Bancorp's major shareholders? First Internet Bancorp's top institutional investors include Valeo Financial Advisors LLC (0.28%) and SG Americas Securities LLC (0.05%). 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 NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and e.l.f. Beauty (ELF). Company Calendar Last Earnings7/24/2024Ex-Dividend for 10/15 Dividend9/30/2024Dividend Payable10/15/2024Today10/23/2024Next Earnings (Confirmed)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$42.88 High Stock Price Target$45.00 Low Stock Price Target$40.50 Potential Upside/Downside+17.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.90 Trailing P/E Ratio17.15 Forward P/E Ratio12.17 P/E GrowthN/ANet Income$8.42 million Net Margins6.12% Pretax Margin6.03% Return on Equity5.23% Return on Assets0.36% Debt Debt-to-Equity Ratio1.83 Current Ratio1.02 Quick Ratio1.01 Sales & Book Value Annual Sales$107.79 million Price / Sales2.93 Cash Flow$2.71 per share Price / Cash Flow13.46 Book Value$41.97 per share Price / Book0.87Miscellaneous Outstanding Shares8,656,000Free Float8,053,000Market Cap$316.12 million OptionableOptionable Beta0.66 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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