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NASDAQ:INBK

First Internet Bancorp - INBK Stock Forecast, Price & News

$26.28
+0.12 (+0.46%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.00
$26.29
50-Day Range
$22.38
$35.00
52-Week Range
$22.01
$53.56
Volume
41,340 shs
Average Volume
39,586 shs
Market Capitalization
$242.83 million
P/E Ratio
6.15
Dividend Yield
0.92%
Price Target
$32.50

First Internet Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
23.7% Upside
$32.50 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.55mentions of First Internet Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$508,644 Bought Last Quarter
Proj. Earnings Growth
-43.72%
From $3.98 to $2.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Finance Sector

365th out of 872 stocks

State Commercial Banks Industry

77th out of 183 stocks

INBK stock logo

About First Internet Bancorp (NASDAQ:INBK) Stock

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, savings, money market, and 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 and 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 municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its firstib.com Website. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.

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INBK Stock News Headlines

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INBK Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 10/17 Dividend
9/29/2022
Dividend Payable
10/17/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/18/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:INBK
Employees
282
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.50
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+23.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$48.11 million
Pretax Margin
28.31%

Debt

Sales & Book Value

Annual Sales
$166.73 million
Cash Flow
$5.69 per share
Book Value
$38.60 per share

Miscellaneous

Free Float
8,501,000
Market Cap
$242.83 million
Optionable
Not Optionable
Beta
0.50

Key Executives

  • Mr. David B. BeckerMr. David B. Becker (Age 69)
    Chairman & CEO
    Comp: $1.28M
  • Ms. Nicole S. Lorch (Age 48)
    Pres, COO & Corp. Sec.
    Comp: $626.85k
  • Mr. Kenneth J. Lovik (Age 52)
    Exec. VP & CFO
    Comp: $528.1k
  • Ms. Paula Deemer
    Exec. Assistant & Director of Corp. Admin.
  • Mr. David Bybee
    VP & Sr. Credit Officer
  • Mr. Kevin B. Quinn
    Sr. VP of Retail Lending - First Internet Bank
  • Mr. Timothy C. Dusing
    Sr. VP of Public Fin. - First Internet Bank













INBK Stock - Frequently Asked Questions

Should I buy or sell First Internet Bancorp stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last year. 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.
View INBK analyst ratings
or view top-rated stocks.

What is First Internet Bancorp's stock price forecast for 2023?

4 Wall Street analysts have issued 12 month target prices for First Internet Bancorp's shares. Their INBK share price forecasts range from $30.00 to $38.00. On average, they anticipate the company's share price to reach $32.50 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for INBK
or view top-rated stocks among Wall Street analysts.

How have INBK shares performed in 2022?

First Internet Bancorp's stock was trading at $47.04 on January 1st, 2022. Since then, INBK stock has decreased by 44.1% and is now trading at $26.28.
View the best growth stocks for 2022 here
.

Are investors shorting First Internet Bancorp?

First Internet Bancorp saw a decline in short interest in November. As of November 15th, there was short interest totaling 124,700 shares, a decline of 8.0% from the October 31st total of 135,500 shares. Based on an average daily trading volume, of 36,100 shares, the days-to-cover ratio is presently 3.5 days. Approximately 1.5% of the shares of the stock are sold short.
View First Internet Bancorp's Short Interest
.

When is First Internet Bancorp's next earnings date?

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

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) released its earnings results on Tuesday, October, 19th. The bank reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The bank had revenue of $28.73 million for the quarter, compared to analysts' expectations of $30.10 million. First Internet Bancorp had a trailing twelve-month return on equity of 11.84% and a net margin of 24.72%. During the same quarter in the prior year, the firm posted $1.03 EPS.

How often does First Internet Bancorp pay dividends? What is the dividend yield for First Internet Bancorp?

First Internet Bancorp announced a quarterly dividend on Tuesday, September 20th. Shareholders of record on Friday, September 30th will be given a dividend of $0.06 per share on Monday, October 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for INBK
.

Is First Internet Bancorp a good dividend stock?

First Internet Bancorp (NASDAQ:INBK) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.92%. The dividend payout ratio is 5.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 10.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INBK.

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.

What other stocks do shareholders of First Internet Bancorp own?

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).

What is First Internet Bancorp's stock symbol?

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

Who are First Internet Bancorp's major shareholders?

First Internet Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.94%), Stieven Capital Advisors L.P. (6.32%), BlackRock Inc. (6.11%), Vanguard Group Inc. (4.79%), Heartland Advisors Inc. (3.73%) and Brandywine Global Investment Management LLC (1.42%). Insiders that own company stock include Aasif M Bade, David B Becker, David B Becker, Jerry L Williams, John K Keach Jr, Justin P Christian and Nicole S Lorch.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Internet Bancorp's stock price today?

One share of INBK stock can currently be purchased for approximately $26.28.

How much money does First Internet Bancorp make?

First Internet Bancorp (NASDAQ:INBK) has a market capitalization of $242.83 million and generates $166.73 million in revenue each year. The bank earns $48.11 million in net income (profit) each year or $4.27 on an earnings per share basis.

How many employees does First Internet Bancorp have?

The company employs 282 workers across the globe.

How can I contact First Internet Bancorp?

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.

This page (NASDAQ:INBK) was last updated on 12/6/2022 by MarketBeat.com Staff