S&P 500   4,967.23
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Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
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Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NASDAQ:INBK

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

$32.18
+1.15 (+3.71%)
(As of 04/19/2024 ET)
Today's Range
$31.10
$32.25
50-Day Range
$31.00
$34.93
52-Week Range
$9.68
$35.72
Volume
77,954 shs
Average Volume
60,414 shs
Market Capitalization
$278.68 million
P/E Ratio
27.50
Dividend Yield
0.75%
Price Target
$29.00

First Internet Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
9.9% Downside
$29.00 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of First Internet Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
29.24%
From $3.01 to $3.89 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.

2.85 out of 5 stars

Finance Sector

523rd out of 840 stocks

State Commercial Banks Industry

132nd out of 180 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, 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 1999 and is headquartered in Fishers, Indiana.

INBK Stock Price History

INBK Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
First Internet Bancorp (NASDAQ:INBK) Short Interest Update
First Internet Bancorp to Pay Cash Dividend
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
INBK Aug 2024 40.000 call
GGAL Mar 2024 14.000 call
First Internet Bancorp
Q4 2023 First Internet Bancorp Earnings Call
A Preview Of First Internet's Earnings
First Internet Bancorp goes ex-dividend tomorrow
INBK First Internet Bancorp
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/20/2024
Next Earnings (Confirmed)
4/24/2024
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
$29.00
High Stock Price Target
$35.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-9.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$8.42 million
Pretax Margin
1.86%

Debt

Sales & Book Value

Annual Sales
$265.57 million
Cash Flow
$2.64 per share
Book Value
$41.97 per share

Miscellaneous

Free Float
8,046,000
Market Cap
$278.68 million
Optionable
Optionable
Beta
0.72
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INBK Stock Analysis - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 target for 2024?

3 equities research analysts have issued 1-year price targets for First Internet Bancorp's shares. Their INBK share price targets range from $18.00 to $35.00. On average, they predict the company's share price to reach $29.00 in the next year. This suggests that the stock has a possible downside of 9.9%.
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 beginning of 2024. Since then, INBK shares have increased by 33.0% and is now trading at $32.18.
View the best growth stocks for 2024 here
.

Are investors shorting First Internet Bancorp?

First Internet Bancorp saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 91,900 shares, an increase of 7.9% from the March 15th total of 85,200 shares. Based on an average daily trading volume, of 51,700 shares, the short-interest ratio is presently 1.8 days. Approximately 1.2% of the company's stock are short sold.
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, April 24th 2024.
View our INBK earnings forecast
.

How can I listen to First Internet Bancorp's earnings call?

First Internet Bancorp will be holding an earnings conference call on Thursday, April 25th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8692 with passcode "021175#".

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) announced its quarterly earnings results on Wednesday, January, 24th. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.24. The bank earned $27.21 million during the quarter, compared to the consensus estimate of $24.50 million. First Internet Bancorp had a net margin of 3.81% and a trailing twelve-month return on equity of 4.56%.

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. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend 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 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 6.17% 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).

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 4/20/2024 by MarketBeat.com Staff

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