First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (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 business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. It offers residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank's subsidiary, JKH Realty Services, LLC manages real estate owned properties.
Industry, Sector and Symbol:
- Market Cap: $201.9 million
- Outstanding Shares: 6,513,000
- 50 Day Moving Avg: $31.00
- 200 Day Moving Avg: $29.16
- 52 Week Range: $22.54 - $33.35
Sales & Book Value:
- Trailing P/E Ratio: 13.96
- Foreward P/E Ratio: 10.06
- P/E Growth: 0.00
- Annual Revenue: $53.51 million
- Price / Sales: 3.77
- Book Value: $25.15 per share
- Price / Book: 1.23
- Annual Dividend: $0.24
- Dividend Yield: 0.8%
- Net Margins: 16.58%
- Return on Equity: 8.91%
- Return on Assets: 0.67%
- Debt-to-Equity Ratio: 2.88%
- Current Ratio: 1.02%
- Quick Ratio: 1.01%
- Average Volume: 40,445 shs.
- Beta: -0.06
- Short Ratio: 4.1
Frequently Asked Questions for First Internet Bancorp (NASDAQ:INBK)
What is First Internet Bancorp's stock symbol?
First Internet Bancorp trades on the NASDAQ under the ticker symbol "INBK."
How often does First Internet Bancorp pay dividends? What is the dividend yield for First Internet Bancorp?
First Internet Bancorp declared a quarterly dividend on Tuesday, September 19th. Stockholders of record on Friday, September 29th will be given a dividend of $0.06 per share on Monday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, September 28th. View First Internet Bancorp's Dividend History.
How were First Internet Bancorp's earnings last quarter?
First Internet Bancorp (NASDAQ:INBK) announced its earnings results on Thursday, July, 20th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $15.71 million for the quarter, compared to analyst estimates of $15 million. First Internet Bancorp had a net margin of 16.58% and a return on equity of 8.91%. View First Internet Bancorp's Earnings History.
When will First Internet Bancorp make its next earnings announcement?
Where is First Internet Bancorp's stock going? Where will First Internet Bancorp's stock price be in 2017?
3 analysts have issued 12-month price objectives for First Internet Bancorp's stock. Their predictions range from $32.50 to $37.00. On average, they expect First Internet Bancorp's stock price to reach $35.17 in the next year. View Analyst Ratings for First Internet Bancorp.
What are analysts saying about First Internet Bancorp stock?
Here are some recent quotes from research analysts about First Internet Bancorp stock:
- 1. According to Zacks Investment Research, "First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. " (9/20/2017)
- 2. Maxim Group analysts commented, "INBK reported 1Q17 EPS of $0.43 (including a $0.02 of tax benefit), versus consensus of $0.44. The miss was caused by lower mortgage banking activity and higher expenses. On the other hand, loans grew a very rapid 13.2%, propelled by single-tenant lease financing and INBK’s new public finance group, and the net interest margin (NIM) was up by 8bps. We lower our 2017 EPS estimate to $2.30, from $2.35, as we do not expect the added interest income and tax benefits from the public finance group to make up for the loss of mortgage banking revenue." (4/24/2017)
Who are some of First Internet Bancorp's key competitors?
Some companies that are related to First Internet Bancorp include CNB Financial Corporation (CCNE), Farmers National Banc Corp. (FMNB), Bear State Financial (BSF), Capital City Bank Group (CCBG), Sierra Bancorp (BSRR), Old Line Bancshares (OLBK), Marlin Business Services Corp. (MRLN), American National Bankshares (AMNB), Farmers & Merchants Bancorp (FMAO), Secure Trust Bank Plc (STB), Home Bancorp (HBCP), Farmers Capital Bank Corporation (FFKT), Paragon Commercial Corporation (PBNC), BankFinancial Corporation (BFIN), Citizens & Northern Corp (CZNC), Territorial Bancorp (TBNK), The First Bancshares (FBMS) and Howard Bancorp (HBMD).
Who are First Internet Bancorp's key executives?
First Internet Bancorp's management team includes the folowing people:
- David B. Becker, Chairman of the Board, President, Chief Executive Officer
- David R. Lovejoy, Independent Vice Chairman of the Board
- Kenneth J. Lovik, Chief Financial Officer, Senior Vice President
- Nicole S. Lorch, Chief Operating Officer
- C. Charles Perfetti, Senior Vice President, Secretary
- Stephen Farrell, Senior Vice President, Chief Credit Officer and Credit Administrator
- John K. Keach Jr., Independent Director
- Ann D. Murtlow, Independent Director
- Ralph R. Whitney Jr., Independent Director
- Jerry Williams, Independent Director
Who owns First Internet Bancorp stock?
First Internet Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Stieven Capital Advisors L.P. (7.69%), Kennedy Capital Management Inc. (4.09%), Vanguard Group Inc. (3.92%), Thomson Horstmann & Bryant Inc. (3.66%), Heartland Advisors Inc. (3.48%) and Franklin Resources Inc. (2.87%). Company insiders that own First Internet Bancorp stock include David B Becker, Jerry L Williams and John K Keach, Jr. View Institutional Ownership Trends for First Internet Bancorp.
Who sold First Internet Bancorp stock? Who is selling First Internet Bancorp stock?
First Internet Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc., Nationwide Fund Advisors, Argent Capital Management LLC, Foundry Partners LLC, California State Teachers Retirement System, Cornerstone Capital Management Holdings LLC., Stieven Capital Advisors L.P. and TIAA CREF Investment Management LLC. View Insider Buying and Selling for First Internet Bancorp.
Who bought First Internet Bancorp stock? Who is buying First Internet Bancorp stock?
First Internet Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Dimensional Fund Advisors LP, Kennedy Capital Management Inc., Penn Capital Management Co. Inc., Wasatch Advisors Inc., Menta Capital LLC, Trexquant Investment LP and State Street Corp. Company insiders that have bought First Internet Bancorp stock in the last two years include David B Becker, Jerry L Williams and John K Keach, Jr. View Insider Buying and Selling for First Internet Bancorp.
How do I buy First Internet Bancorp stock?
Shares of First Internet Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Internet Bancorp's stock price today?
MarketBeat Community Rating for First Internet Bancorp (NASDAQ INBK)MarketBeat's community ratings are surveys of what our community members think about First Internet Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of First Internet Bancorp stock can currently be purchased for approximately $31.00.
Consensus Ratings for First Internet Bancorp (NASDAQ:INBK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$35.17 (13.44% upside)|
Analysts' Ratings History for First Internet Bancorp (NASDAQ:INBK)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/27/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$36.00||Medium|
|4/24/2017||Maxim Group||Reiterated Rating||Buy||$37.00||Medium|
|4/17/2017||Hovde Group||Initiated Coverage||Outperform -> Outperform||$32.50||Medium|
|9/7/2016||FIG Partners||Reiterated Rating||Outperform||N/A|
Earnings History for First Internet Bancorp (NASDAQ:INBK)Earnings History by Quarter for First Internet Bancorp (NASDAQ INBK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/20/2017||Q2 2017||$0.55||$0.61||$15.00 million||$15.71 million||View||N/A|
|1/19/2017||Q4 2016||$0.53||$0.64||$13.90 million||$13.80 million||View||N/A|
|7/21/2016||Q2 2016||$0.65||$0.57||$13.05 million||View||N/A|
|4/21/2016||Q1 2016||$0.53||$0.53||$11.68 million||View||N/A|
|10/22/2015||Q3 2015||$0.46||$0.51||$10.21 million||View||N/A|
|7/23/2015||Q2 2015||$0.40||$0.50||$10.05 million||View||N/A|
|4/23/2015||Q115||$0.32||$0.46||$6.60 million||$9.92 million||View||N/A|
|1/22/2015||Q4 2014||$0.27||$0.32||$8.47 million||View||N/A|
|10/23/2014||Q3 2014||$0.19||$0.28||$7.62 million||View||N/A|
|7/24/2014||Q2 2014||$0.22||$0.22||$7.00 million||View||N/A|
|4/24/2014||Q1 2014||$0.14||$0.13||$6.38 million||View||N/A|
Earnings Estimates for First Internet Bancorp (NASDAQ:INBK)
2017 EPS Consensus Estimate: $2.39
2018 EPS Consensus Estimate: $2.96
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for First Internet Bancorp (NASDAQ:INBK)
|Payout Ratio:||10.76% (Trailing 12 Months of Earnings) |
10.43% (Based on This Year's Estimates)
7.79% (Based on Next Year's Estimates)
Dividend History by Quarter for First Internet Bancorp (NASDAQ INBK)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for First Internet Bancorp (NASDAQ:INBK)
Insider Ownership Percentage: 7.60%Insider Trades by Quarter for First Internet Bancorp (NASDAQ:INBK)
Institutional Ownership Percentage: 58.13%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/20/2017||David B. Becker||Chairman||Buy||5,000||$30.02||$150,100.00|| |
|9/20/2017||Jerry L Williams||Director||Buy||2,100||$30.05||$63,105.00|| |
|5/25/2017||John K. Keach, Jr.||Director||Buy||1,000||$26.39||$26,390.00|| |
|5/27/2016||David B Becker||CEO||Buy||5,000||$25.73||$128,650.00|| |
|1/30/2015||Jerry L Williams||Director||Buy||1,000||$15.88||$15,880.00|| |
|1/28/2015||Ralph R Whitney Jr||Director||Buy||1,000||$16.00||$16,000.00|| |
|1/27/2015||Jerry L Williams||Director||Buy||1,000||$16.28||$16,280.00|| |
|9/19/2014||C. Charles Perfetti||SVP||Buy||2,000||$15.93||$31,860.00|| |
|8/14/2014||Jerry L Williams||Director||Buy||1,000||$17.82||$17,820.00|| |
|8/11/2014||Jerry L Williams||Director||Buy||2,000||$18.67||$37,340.00|| |
|7/31/2014||C. Charles Perfetti||SVP||Buy||1,000||$17.75||$17,750.00|| |
|7/31/2014||David B Becker||CEO||Buy||2,000||$17.74||$35,480.00|| |
|7/29/2014||John K Keach Jr||Director||Buy||2,000||$18.00||$36,000.00|| |
|8/27/2013||Ann D Murtlow||Director||Buy||1,000||$28.00||$28,000.00|| |
|8/16/2013||Ann D Murtlow||Director||Buy||1,000||$30.00||$30,000.00|| |
|8/1/2013||Ann D Murtlow||Director||Buy||1,000||$24.00||$24,000.00|| |
|7/31/2013||David B Becker||CEO||Buy||10,015||$23.56||$235,953.40|| |
Headline Trends for First Internet Bancorp (NASDAQ:INBK)
Latest Headlines for First Internet Bancorp (NASDAQ:INBK)
|First Internet Bancorp (INBK) Chairman, President and CEO David B Becker Bought $150,100 of Shares|
finance.yahoo.com - September 23 at 5:07 AM
|First Internet Bancorp (INBK) Director Jerry L. Williams Acquires 2,100 Shares|
www.americanbankingnews.com - September 22 at 8:38 PM
|First Internet Bancorp (INBK) Chairman David B. Becker Acquires 5,000 Shares|
www.americanbankingnews.com - September 22 at 8:16 PM
|First Internet Bank Expands Team in Southwest Office|
finance.yahoo.com - September 22 at 1:57 PM
|FIG Partners Analysts Lower Earnings Estimates for First Internet Bancorp (INBK)|
www.americanbankingnews.com - September 22 at 6:36 AM
|FIG Partners Equities Analysts Decrease Earnings Estimates for First Internet Bancorp (INBK)|
www.americanbankingnews.com - September 21 at 10:56 AM
|First Internet Bancorp (INBK) Cut to Hold at Zacks Investment Research|
www.americanbankingnews.com - September 20 at 11:30 PM
|ETFs with exposure to First Internet Bancorp : September 20, 2017|
finance.yahoo.com - September 20 at 9:18 PM
|First Internet Bancorp :INBK-US: Earnings Analysis: Q2, 2017 By the Numbers : September 19, 2017|
finance.yahoo.com - September 20 at 6:01 AM
|First Internet Bancorp (INBK) Declares $0.06 Quarterly Dividend|
www.americanbankingnews.com - September 19 at 4:46 PM
|First Internet Bancorp (INBK) Pricies 1.65M Share Common Offering at $29/Sh|
www.streetinsider.com - September 17 at 5:07 AM
|First Internet Bank prices secondary|
seekingalpha.com - September 16 at 1:48 AM
|First Internet Bancorp Announces Commencement of Common Stock Offering|
finance.yahoo.com - September 15 at 1:03 AM
|S.F. fintech Lendeavor gets bank deal to boost lending to healthcare practices|
www.bizjournals.com - September 8 at 11:16 PM
|Financial Contrast: KeyCorp (KEY) and First Internet Bancorp (INBK)|
www.americanbankingnews.com - September 8 at 9:30 AM
|First Internet Bank Announces Strategic Partnership with Lendeavor, Inc.|
finance.yahoo.com - September 7 at 8:07 PM
|Zacks: First Internet Bancorp (INBK) Receives Average Recommendation of "Strong Buy" from Brokerages|
www.americanbankingnews.com - September 3 at 2:32 AM
|First Internet Bank Enters Top Ten on List of “Best Banks”|
finance.yahoo.com - August 31 at 6:14 AM
|First Internet Bancorp (INBK) Presents At KBW Community Bank Investor Conference - Slideshow|
seekingalpha.com - August 3 at 8:01 PM
|First Internet Bancorp to Present at KBW Community Bank Investor Conference|
finance.yahoo.com - July 31 at 7:17 PM
|First Internet Bank Welcomes New Lender, Expands Municipal Lending Team|
finance.yahoo.com - July 31 at 7:16 PM
|First Internet Bancorp (INBK) Rating Reiterated by Keefe, Bruyette & Woods|
www.americanbankingnews.com - July 28 at 12:56 AM
| First Internet Bancorp (NASDAQ:INBK) Receives Average Rating of "Strong Buy" from Brokerages|
www.americanbankingnews.com - July 27 at 11:21 AM
|FIG Partners Comments on First Internet Bancorp's Q4 2017 Earnings (NASDAQ:INBK)|
www.americanbankingnews.com - July 24 at 8:48 AM
|First Internet Bancorp (NASDAQ:INBK) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS|
www.americanbankingnews.com - July 21 at 10:22 AM
|First Internet Bancorp Reports Record Quarterly Net Income|
finance.yahoo.com - July 20 at 11:42 PM
|First Internet posts 2Q profit|
finance.yahoo.com - July 20 at 11:42 PM
|First Internet Bancorp (INBK) to Release Quarterly Earnings on Wednesday|
www.americanbankingnews.com - July 17 at 7:54 AM
|Keefe, Bruyette & Woods Reaffirms Buy Rating for First Internet Bancorp (INBK)|
www.americanbankingnews.com - June 26 at 10:04 PM
| First Internet Bancorp (INBK) Given Consensus Rating of "Strong Buy" by Analysts|
www.americanbankingnews.com - June 26 at 4:16 PM
|First Internet Bancorp (INBK) Declares $0.06 Quarterly Dividend; 0.9% Yield|
www.streetinsider.com - June 22 at 1:12 PM
|First Internet Bancorp (INBK) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - June 21 at 11:58 PM
|First Internet Bancorp (INBK) Announces Quarterly Dividend of $0.06|
www.americanbankingnews.com - June 21 at 5:38 PM
|President and CEO David Becker Keynotes Tech and Entrepreneurship Event|
finance.yahoo.com - June 16 at 5:08 AM
|First Internet Bank Bank’s COO to Present at Digital Banking Conference|
finance.yahoo.com - June 13 at 10:54 AM
|First Internet Bancorp (INBK) Upgraded to "Hold" by Zacks Investment Research|
www.americanbankingnews.com - June 11 at 8:22 PM
|ETFs with exposure to First Internet Bancorp : June 5, 2017|
finance.yahoo.com - June 5 at 5:58 PM
|First Internet Bancorp (INBK) Sees Large Decline in Short Interest|
www.americanbankingnews.com - June 3 at 11:08 AM
|John K. Keach, Jr. Purchases 1,000 Shares of First Internet Bancorp (INBK) Stock|
www.americanbankingnews.com - May 30 at 8:31 PM
|First Internet Bancorp :INBK-US: Earnings Analysis: Q1, 2017 By the Numbers : May 30, 2017|
finance.yahoo.com - May 30 at 10:35 AM
|Largest Indian Bank's Profit Surges as Bad-Loan Ratio Narrows|
finance.yahoo.com - May 19 at 10:28 AM
|What to Expect From Indian Bank Earnings This Week|
finance.yahoo.com - May 17 at 9:58 AM
|New Head of Best-Performing Asian Bank Plans Strategy Change|
finance.yahoo.com - May 9 at 12:23 PM
|Biggest Indian Bank Says Bad Loan Mess to Resolve in 3 Years|
finance.yahoo.com - May 4 at 8:04 AM
|First Internet Bancorp (INBK) Earns Daily Media Sentiment Score of 0.35|
www.americanbankingnews.com - April 28 at 6:24 PM
|Zacks: First Internet Bancorp (INBK) Receives Average Rating of "Strong Buy" from Brokerages|
www.americanbankingnews.com - April 27 at 9:40 AM
|First Internet Bancorp (INBK) Given Daily Media Sentiment Score of 0.44|
www.americanbankingnews.com - April 25 at 11:11 AM
|First Internet Bancorp's (INBK) "Buy" Rating Reaffirmed at Maxim Group|
www.americanbankingnews.com - April 24 at 2:08 PM
|First Internet Bancorp (INBK) Given Daily Coverage Optimism Score of 0.33|
www.americanbankingnews.com - April 21 at 10:36 PM
|First Internet Bancorp Reports Net Income Up 16% Year-over-Year|
finance.yahoo.com - April 20 at 6:00 PM
First Internet Bancorp (INBK) Chart for Sunday, September, 24, 2017