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NASDAQ:INBKFirst Internet Bancorp Stock Price, Forecast & News

$16.09
+0.01 (+0.06 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$15.89
Now: $16.09
$17.48
50-Day Range
$12.71
MA: $14.95
$18.58
52-Week Range
$10.47
Now: $16.09
$28.50
Volume58,100 shs
Average Volume44,641 shs
Market Capitalization$157.71 million
P/E Ratio6.26
Dividend Yield1.49%
Beta0.82
First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services in the United States. The company offers savings and money market accounts, non-interest bearing and interest-bearing demand deposits, brokered deposit accounts, and certificates of deposit. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, residential mortgage, term, small installment, home improvement, home equity, and other consumer loans, as well as single tenant lease financing, public and healthcare finance, lines of credit, and letters of credit to individuals and commercial customers. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and offers municipal lending and leasing products to government entities. In addition, it provides corporate credit card and treasury management services. The company offers its services through its Website, www.firstib.com. First Internet Bancorp was founded in 1999 and is based in Fishers, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.06 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:INBK
CUSIPN/A
Phone317-532-7900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$164.20 million
Cash Flow$3.38 per share
Book Value$31.30 per share

Profitability

Net Income$25.24 million

Miscellaneous

Employees201
Market Cap$157.71 million
Next Earnings Date7/22/2020 (Estimated)
OptionableNot Optionable

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First Internet Bancorp (NASDAQ:INBK) Frequently Asked Questions

How has First Internet Bancorp's stock been impacted by COVID-19 (Coronavirus)?

First Internet Bancorp's stock was trading at $18.74 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, INBK shares have decreased by 14.1% and is now trading at $16.09. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Internet Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Internet Bancorp.

When is First Internet Bancorp's next earnings date?

First Internet Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for First Internet Bancorp.

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) posted its earnings results on Wednesday, April, 22nd. The bank reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.07. The bank had revenue of $21.23 million for the quarter, compared to analyst estimates of $20.79 million. First Internet Bancorp had a net margin of 15.10% and a return on equity of 8.51%. View First Internet Bancorp's earnings history.

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, March 17th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, March 30th. View First Internet Bancorp's dividend history.

What price target have analysts set for INBK?

3 analysts have issued 1 year price objectives for First Internet Bancorp's shares. Their forecasts range from $18.00 to $30.00. On average, they anticipate First Internet Bancorp's stock price to reach $25.67 in the next year. This suggests a possible upside of 59.5% from the stock's current price. View analysts' price targets for First Internet Bancorp.

Has First Internet Bancorp been receiving favorable news coverage?

Media stories about INBK stock have trended somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Internet Bancorp earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutFirst Internet Bancorp.

Are investors shorting First Internet Bancorp?

First Internet Bancorp saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 71,400 shares, an increase of 29.1% from the April 15th total of 55,300 shares. Based on an average daily trading volume, of 48,300 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the company's shares are sold short. View First Internet Bancorp's Current Options Chain.

Who are some of First Internet Bancorp's key competitors?

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), Gilead Sciences (GILD), iRobot (IRBT), NVIDIA (NVDA), AMC Entertainment (AMC), Appian (APPN), Alibaba Group (BABA), Walt Disney (DIS) and Employers (EIG).

Who are First Internet Bancorp's key executives?

First Internet Bancorp's management team includes the following people:
  • Mr. David B. Becker, Chairman, Pres & CEO (Age 66)
  • Mr. Kenneth J. Lovik, Exec. VP & CFO (Age 49)
  • Ms. Nicole S. Lorch, Exec. VP & COO (Age 45)
  • Mr. C. Charles Perfetti, Exec. VP & Corp. Sec. (Age 75)
  • Ms. Paula Deemer, Exec. Assistant

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 investors include Stieven Capital Advisors L.P. (8.22%), BlackRock Inc. (6.26%), Banc Funds Co. LLC (2.43%), Foundry Partners LLC (2.05%), State Street Corp (1.63%) and Geode Capital Management LLC (1.40%). Company insiders that own First Internet Bancorp stock include David B Becker, Jerry L Williams, John K Keach Jr, John K Keach, Jr and Nicole S Lorch. View institutional ownership trends for First Internet Bancorp.

Which institutional investors are selling First Internet Bancorp stock?

INBK stock was sold by a variety of institutional investors in the last quarter, including Voss Capital LLC, Foundry Partners LLC, BlackRock Inc., Morgan Stanley, Stieven Capital Advisors L.P., Victory Capital Management Inc., Victory Capital Management Inc., and Bedel Financial Consulting Inc.. View insider buying and selling activity for First Internet Bancorp.

Which institutional investors are buying First Internet Bancorp stock?

INBK stock was acquired by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, Seizert Capital Partners LLC, Banc Funds Co. LLC, Wedge Capital Management L L P NC, Advisor Group Holdings Inc., Matarin Capital Management LLC, WINTON GROUP Ltd, and First Midwest Bank Trust Division. Company insiders that have bought First Internet Bancorp stock in the last two years include David B Becker, Jerry L Williams, John K Keach Jr, John K Keach, Jr, and Nicole S Lorch. View insider buying and selling activity for First Internet Bancorp.

How do I buy shares of First Internet Bancorp?

Shares of INBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Internet Bancorp's stock price today?

One share of INBK stock can currently be purchased for approximately $16.09.

How big of a company is First Internet Bancorp?

First Internet Bancorp has a market capitalization of $157.71 million and generates $164.20 million in revenue each year. The bank earns $25.24 million in net income (profit) each year or $2.51 on an earnings per share basis. First Internet Bancorp employs 201 workers across the globe.

What is First Internet Bancorp's official website?

The official website for First Internet Bancorp is www.firstinternetbancorp.com.

How can I contact First Internet Bancorp?

First Internet Bancorp's mailing address is 11201 USA PARKWAY, FISHERS IN, 46037. The bank can be reached via phone at 317-532-7900 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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