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NASDAQ:INBK

First Internet Bancorp - INBK Stock Forecast, Price & News

$38.54
-0.05 (-0.13%)
(As of 08/18/2022 01:52 PM ET)
Add
Compare
Today's Range
$38.06
$38.54
50-Day Range
$34.23
$39.59
52-Week Range
$28.05
$53.56
Volume
2,191 shs
Average Volume
25,026 shs
Market Capitalization
$362.66 million
P/E Ratio
8.40
Dividend Yield
0.62%
Price Target
$55.00

First Internet Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.7% Upside
$55.00 Price Target
Short Interest
Healthy
1.47% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.41mentions of First Internet Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.47%
From $4.75 to $5.20 Per Share

Overall MarketRank

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

3.12 out of 5 stars

Finance Sector

45th out of 932 stocks

State Commercial Banks Industry

13th out of 194 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 and retail banking 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, 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 and 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. The company provides its services through its firstib.com Website. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.

First Internet Bancorp Trading Down 0.2 %

Shares of INBK traded down $0.07 during trading on Thursday, reaching $38.52. 283 shares of the company traded hands, compared to its average volume of 25,026. The stock has a 50-day simple moving average of $36.66 and a 200-day simple moving average of $40.87. The stock has a market cap of $362.47 million, a PE ratio of 8.39 and a beta of 0.66. First Internet Bancorp has a twelve month low of $28.05 and a twelve month high of $53.56. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.56.

First Internet Bancorp (NASDAQ:INBK - Get Rating) last posted its earnings results on Wednesday, July 20th. The bank reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.04). First Internet Bancorp had a net margin of 27.30% and a return on equity of 12.89%. The company had revenue of $29.99 million during the quarter, compared to analyst estimates of $31.05 million. During the same quarter last year, the business posted $1.11 EPS. On average, analysts anticipate that First Internet Bancorp will post 4.75 earnings per share for the current year.

First Internet Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, June 30th. First Internet Bancorp's dividend payout ratio (DPR) is 5.23%.

Wall Street Analysts Forecast Growth

INBK has been the subject of a number of recent research reports. Craig Hallum cut their price objective on shares of First Internet Bancorp from $70.00 to $60.00 in a report on Tuesday, May 3rd. Keefe, Bruyette & Woods reduced their price objective on First Internet Bancorp from $66.00 to $62.00 and set an "outperform" rating on the stock in a research report on Thursday, April 21st. Piper Sandler dropped their target price on First Internet Bancorp to $43.00 in a report on Friday, July 22nd. TheStreet upgraded First Internet Bancorp from a "c" rating to a "b-" rating in a report on Monday, June 6th. Finally, StockNews.com cut shares of First Internet Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, First Internet Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

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INBK Stock News Headlines

First Internet Bancorp (NASDAQ:INBK) Short Interest Update
First Internet Bancorp (NASDAQ:INBK) PT Lowered to $43.00
Earnings Outlook For First Internet
See More Headlines
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INBK Company Calendar

Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Last Earnings
7/20/2022
Today
8/18/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:INBK
Employees
282
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$55.00
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+42.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$48.11 million
Pretax Margin
31.69%

Debt

Sales & Book Value

Annual Sales
$166.73 million
Cash Flow
$5.64 per share
Book Value
$38.83 per share

Miscellaneous

Free Float
8,731,000
Market Cap
$362.66 million
Optionable
Not Optionable
Beta
0.66














INBK Stock - Frequently Asked Questions

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INBK shares.
View INBK analyst ratings
or view top-rated stocks.

What is First Internet Bancorp's stock price forecast for 2022?

3 Wall Street analysts have issued twelve-month price objectives for First Internet Bancorp's shares. Their INBK share price forecasts range from $43.00 to $62.00. On average, they expect the company's stock price to reach $55.00 in the next year. This suggests a possible upside of 42.5% 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 2022?

First Internet Bancorp's stock was trading at $47.04 at the beginning of 2022. Since then, INBK stock has decreased by 18.0% and is now trading at $38.59.
View the best growth stocks for 2022 here
.

When is First Internet Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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, July, 20th. The bank reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by $0.04. The bank earned $29.99 million during the quarter, compared to analysts' expectations of $31.05 million. First Internet Bancorp had a trailing twelve-month return on equity of 12.89% and a net margin of 27.30%. During the same quarter in the previous year, the company earned $1.11 earnings per share.

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, June 21st. Investors of record on Friday, July 1st will be given a dividend of $0.06 per share on Friday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, June 30th.
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 0.62%. The dividend payout ratio is 5.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 4.62% 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."

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 shareholders include Kennedy Capital Management Inc. (4.41%), Banc Funds Co. LLC (4.01%), State Street Corp (1.84%), Brandywine Global Investment Management LLC (1.41%), Acuitas Investments LLC (1.40%) and Connors Investor Services Inc. (1.20%). Insiders that own company stock include Aasif M Bade, David B Becker, David B Becker, Jerry L Williams, John K Keach Jr 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 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 $38.59.

How much money does First Internet Bancorp make?

First Internet Bancorp (NASDAQ:INBK) has a market capitalization of $363.13 million and generates $166.73 million in revenue each year. The bank earns $48.11 million in net income (profit) each year or $4.59 on an earnings per share basis.

How many employees does First Internet Bancorp have?

The company employs 282 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 8/18/2022 by MarketBeat.com Staff

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