First Internet Bancorp (INBK) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INBK, but not buy additional shares or sell existing shares.
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4 Wall Street research analysts have issued 12 month price targets for First Internet Bancorp's shares. Their INBK share price forecasts range from $22.00 to $32.00. On average, they expect the company's stock price to reach $26.50 in the next twelve months. This suggests a possible upside of 66.2% from the stock's current price.
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First Internet Bancorp's stock was trading at $24.28 at the start of the year. Since then, INBK stock has decreased by 34.3% and is now trading at $15.94.
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First Internet Bancorp saw a decrease in short interest in September. As of September 15th, there was short interest totaling 122,500 shares, a decrease of 11.6% from the August 31st total of 138,500 shares. Based on an average daily volume of 48,200 shares, the short-interest ratio is presently 2.5 days. Currently, 1.6% of the company's stock are short sold.
View First Internet Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our INBK earnings forecast.

First Internet Bancorp (NASDAQ:INBK) posted its quarterly earnings results on Wednesday, July, 26th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The bank had revenue of $24.02 million for the quarter, compared to the consensus estimate of $23.40 million. First Internet Bancorp had a net margin of 8.03% and a trailing twelve-month return on equity of 6.56%.

First Internet Bancorp announced a quarterly dividend on Tuesday, September 19th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.06 per share on Monday, October 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for INBK.

First Internet Bancorp (NASDAQ:INBK) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.40%. The dividend payout ratio is 12.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 8.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INBK.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Gold Resource (GORO) and iRobot (IRBT).

First Internet Bancorp trades on the NASDAQ under the ticker symbol "INBK."

First Internet Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.07%), Banc Funds Co. LLC (4.50%), BlackRock Inc. (4.12%), Hotchkis & Wiley Capital Management LLC (4.06%), Fiduciary Trust Co. (2.71%) and Franklin Resources Inc. (1.94%). Insiders that own company stock include Aasif M Bade, Ann C Dee, David B Becker, David B Becker, Jerry L Williams, John K Keach Jr, Justin P Christian and Nicole S Lorch.
View institutional ownership trends.

Shares of INBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INBK stock can currently be purchased for approximately $15.94.

First Internet Bancorp (NASDAQ:INBK) has a market capitalization of $139.00 million and generates $178.16 million in revenue each year. The bank earns $35.54 million in net income (profit) each year or $1.87 on an earnings per share basis.

The company employs 314 workers across the globe.

First Internet Bancorp's mailing address is 11201 USA PARKWAY, FISHERS IN, 46037. The official website for the company is www.firstinternetbancorp.com. The bank can be reached via phone at (317) 532-7900, via email at investors@firstib.com, or via fax at 317-532-7901.