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S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
NASDAQ:INBK

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

$16.02
-0.16 (-0.99%)
(As of 10/3/2023 ET)
Compare
Today's Range
$15.74
$16.14
50-Day Range
$15.94
$23.29
52-Week Range
$9.68
$35.30
Volume
38,100 shs
Average Volume
74,396 shs
Market Capitalization
$139.69 million
P/E Ratio
8.57
Dividend Yield
1.50%
Price Target
$26.50

First Internet Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
65.4% Upside
$26.50 Price Target
Short Interest
Healthy
1.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
122.50%
From $1.20 to $2.67 Per Share

Overall MarketRank

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

3.19 out of 5 stars

Finance Sector

42nd out of 856 stocks

State Commercial Banks Industry

11th out of 177 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, small business, consumer, and municipal 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, commercial 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 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 municipal finance lending and leasing products to government entities In addition, it offers corporate credit card and treasury management services. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.

INBK Price History

INBK Stock News Headlines

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
INBKZ First Internet Bancorp FXD FLTG 29
First Internet Bank Again Named Top Workplace
The Latest Analyst Ratings for First Internet
Q1 2023 First Internet Bancorp Earnings Call
See More Headlines
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INBK Company Calendar

Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Last Earnings
7/26/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Today
10/03/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:INBK
Employees
314
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.50
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+65.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$35.54 million
Pretax Margin
6.74%

Debt

Sales & Book Value

Annual Sales
$178.16 million
Cash Flow
$4.91 per share
Book Value
$39.50 per share

Miscellaneous

Free Float
8,098,000
Market Cap
$139.69 million
Optionable
Not Optionable
Beta
0.67
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Key Executives

  • Mr. David B. BeckerMr. David B. Becker (Age 70)
    Chairman & CEO
    Comp: $1.21M
  • Ms. Nicole S. Lorch (Age 49)
    Pres, COO & Corp. Sec.
    Comp: $710.63k
  • Mr. Kenneth J. Lovik (Age 53)
    Exec. VP & CFO
    Comp: $511.25k
  • Ms. Paula Deemer
    Exec. Assistant & Director of Corp. Admin.
  • Mr. David Bybee
    VP & Sr. Credit Officer













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 equities research analysts have issued 1-year 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 year. This suggests a possible upside of 65.4% 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 2023?

First Internet Bancorp's stock was trading at $24.28 at the beginning of 2023. Since then, INBK stock has decreased by 34.0% and is now trading at $16.02.
View the best growth stocks for 2023 here
.

Are investors shorting First Internet Bancorp?

First Internet Bancorp saw a decrease in short interest during the month of 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 days-to-cover ratio is currently 2.5 days. Approximately 1.6% of the shares of the company 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, October 18th 2023.
View our INBK earnings forecast
.

How were First Internet Bancorp's earnings last quarter?

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

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. Investors 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 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 28th.
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 1.48%. 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.

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."

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 $16.02.

How much money does First Internet Bancorp make?

First Internet Bancorp (NASDAQ:INBK) has a market capitalization of $139.69 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.

How many employees does First Internet Bancorp have?

The company employs 314 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 10/4/2023 by MarketBeat.com Staff

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