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NASDAQ:INBK

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

$30.66
-0.58 (-1.86%)
(As of 05/23/2024 ET)
Today's Range
$30.32
$31.50
50-Day Range
$30.66
$34.93
52-Week Range
$11.55
$35.72
Volume
32,528 shs
Average Volume
41,760 shs
Market Capitalization
$265.52 million
P/E Ratio
16.14
Dividend Yield
0.78%
Price Target
$35.75

First Internet Bancorp MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
16.6% Upside
$35.75 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
27.10%
From $3.10 to $3.94 Per Share

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.

3.86 out of 5 stars

Finance Sector

332nd out of 849 stocks

State Commercial Banks Industry

70th out of 173 stocks

INBK stock logo

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.

INBK Stock Price History

INBK Stock News Headlines

Q1 2024 First Internet Bancorp Earnings Call
First Internet: Q1 Earnings Snapshot
First Internet (INBK) Earnings Dates & Reports
First Internet Bancorp to Pay Cash Dividend
INBK Aug 2024 40.000 call
GGAL Mar 2024 14.000 call
First Internet Bancorp
Q4 2023 First Internet Bancorp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Last Earnings
4/24/2024
Today
5/23/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:INBK
Employees
287
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.75
High Stock Price Target
$38.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+16.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$8.42 million
Pretax Margin
5.59%

Debt

Sales & Book Value

Annual Sales
$265.57 million
Cash Flow
$2.46 per share
Book Value
$42.37 per share

Miscellaneous

Free Float
8,041,000
Market Cap
$265.52 million
Optionable
Optionable
Beta
0.73
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INBK Stock Analysis - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INBK shares.
View INBK analyst ratings
or view top-rated stocks.

What is First Internet Bancorp's stock price target for 2024?

4 brokers have issued 12-month price objectives for First Internet Bancorp's stock. Their INBK share price targets range from $34.00 to $38.00. On average, they anticipate the company's stock price to reach $35.75 in the next twelve months. This suggests a possible upside of 16.6% 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 2024?

First Internet Bancorp's stock was trading at $24.19 at the start of the year. Since then, INBK stock has increased by 26.7% and is now trading at $30.66.
View the best growth stocks for 2024 here
.

When is First Internet Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our INBK earnings forecast
.

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) issued its earnings results on Wednesday, April, 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. The bank had revenue of $29.08 million for the quarter, compared to analysts' expectations of $28.60 million. First Internet Bancorp had a trailing twelve-month return on equity of 4.64% and a net margin of 5.84%.

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 Monday, March 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Wednesday, March 27th.
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 0.77%. The dividend payout ratio is 12.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 6.09% 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), iRobot (IRBT).

Who are First Internet Bancorp's major shareholders?

First Internet Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.37%), Ancora Advisors LLC (2.50%), Stieven Capital Advisors L.P. (2.47%), Jacobs Levy Equity Management Inc. (1.23%), Acadian Asset Management LLC (1.13%) and Foundry Partners LLC (1.12%). Insiders that own company stock include Aasif M Bade, Ann C Dee, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:INBK) was last updated on 5/24/2024 by MarketBeat.com Staff

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