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NASDAQ:INBK - First Internet Bancorp Stock Price, Forecast & News

$16.03
-0.70 (-4.18 %)
(As of 03/30/2020 09:06 AM ET)
Today's Range
$15.31
Now: $16.03
$16.49
50-Day Range
$12.36
MA: $22.47
$28.30
52-Week Range
$10.47
Now: $16.03
$28.50
Volume32,793 shs
Average Volume50,982 shs
Market Capitalization$156.45 million
P/E Ratio6.39
Dividend Yield1.50%
Beta0.63
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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First Internet Bancorp logo

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$3.37 per share
Book Value$31.30 per share

Profitability

Net Income$25.24 million

Miscellaneous

Employees201
Market Cap$156.45 million
Next Earnings Date4/22/2020 (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 COVID-19 reached pandemic status according to the World Health Organization. Since then, INBK stock has decreased by 14.5% and is now trading at $16.03. View which stocks have been mosted impacted by Coronavirus.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last year. There are currently 1 hold rating and 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, April 22nd 2020. View our earnings forecast for First Internet Bancorp.

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) released its earnings results on Wednesday, January, 22nd. The bank reported $0.72 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.15. The bank earned $20.78 million during the quarter, compared to analyst estimates of $20.50 million. First Internet Bancorp had a return on equity of 8.48% and a net margin of 15.37%. 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. Investors 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 yield of 1.50%. The ex-dividend date of this dividend is Monday, March 30th. View First Internet Bancorp's dividend history.

What price target have analysts set for INBK?

4 equities research analysts have issued 1 year price objectives for First Internet Bancorp's stock. Their forecasts range from $29.00 to $33.00. On average, they anticipate First Internet Bancorp's share price to reach $31.67 in the next twelve months. This suggests a possible upside of 97.5% from the stock's current price. View analysts' price targets for First Internet Bancorp.

What are Wall Street analysts saying about First Internet Bancorp stock?

Here are some recent quotes from research analysts about First Internet Bancorp stock:
  • 1. According to Zacks Investment Research, "First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. " (3/27/2020)
  • 2. Maxim Group analysts commented, "INBK reported 1Q19 EPS of $0.56, versus consensus of $0.51 and our estimate of $0.56. The main reason for the beat was low expectations. The net interest margin (NIM) was down 3bps linked-quarter; management guided to a 2Q19 decline of 3bps-5bps, so we are lowering our 2019 EPS estimate to $2.34, from $2.50. Based on our new 2020 EPS estimate of $2.83, we are maintaining our Hold rating." (4/29/2019)

Has First Internet Bancorp been receiving favorable news coverage?

Media headlines about INBK stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. 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 media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. 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 March. As of March 13th, there was short interest totaling 78,400 shares, an increase of 19.0% from the February 27th total of 65,900 shares. Based on an average daily trading volume, of 33,300 shares, the short-interest ratio is currently 2.4 days. Approximately 0.9% of the shares of the company 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), NVIDIA (NVDA), Enterprise Products Partners (EPD), Netflix (NFLX), Trade Desk (TTD), Alibaba Group (BABA), Walt Disney (DIS), Enbridge (ENB), Energy Transfer LP Unit (ET) and Mastercard (MA).

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 many different retail and institutional investors. Top institutional shareholders include Stieven Capital Advisors L.P. (8.35%), Kennedy Capital Management Inc. (3.50%), Heartland Advisors Inc. (3.36%), Foundry Partners LLC (2.51%), Franklin Resources Inc. (2.21%) and Franklin Resources Inc. (2.21%). 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 major investors are selling First Internet Bancorp stock?

INBK stock was sold by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Perritt Capital Management Inc., Foundry Partners LLC, Ladenburg Thalmann Financial Services Inc., Mackay Shields LLC, Hotchkis & Wiley Capital Management LLC, Heartland Advisors Inc., and Panagora Asset Management Inc.. View insider buying and selling activity for First Internet Bancorp.

Which major investors are buying First Internet Bancorp stock?

INBK stock was bought by a variety of institutional investors in the last quarter, including Voss Capital LLC, Banc Funds Co. LLC, Renaissance Technologies LLC, LSV Asset Management, Stieven Capital Advisors L.P., Kennedy Capital Management Inc., California Public Employees Retirement System, and Franklin Resources Inc.. 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 $16.03.

How big of a company is First Internet Bancorp?

First Internet Bancorp has a market capitalization of $156.45 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. View additional information about First Internet Bancorp.

What is First Internet Bancorp's official website?

The official website for First Internet Bancorp is http://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]


MarketBeat Community Rating for First Internet Bancorp (NASDAQ INBK)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  234 (Vote Outperform)
Underperform Votes:  213 (Vote Underperform)
Total Votes:  447
MarketBeat's community ratings are surveys of what our community members think about First Internet Bancorp and other stocks. Vote "Outperform" if you believe INBK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INBK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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