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

$27.63
-0.67 (-2.37 %)
(As of 02/23/2020 08:29 AM ET)
Today's Range
$27.45
Now: $27.63
$28.24
50-Day Range
$23.30
MA: $26.02
$28.30
52-Week Range
$17.56
Now: $27.63
$28.50
Volume46,316 shs
Average Volume38,035 shs
Market Capitalization$269.12 million
P/E Ratio11.01
Dividend Yield0.85%
Beta0.57
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. Read More…

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$2.83 per share
Book Value$28.36 per share

Profitability

Net Income$25.24 million

Miscellaneous

Employees201
Market Cap$269.12 million
Next Earnings Date4/22/2020 (Estimated)
OptionableNot Optionable

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First Internet Bancorp (NASDAQ:INBK) Frequently Asked Questions

What is First Internet Bancorp's stock symbol?

First Internet Bancorp trades on the NASDAQ under the ticker symbol "INBK."

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, December 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.06 per share on Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, December 30th. View First Internet Bancorp's Dividend History.

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) posted its quarterly earnings data on Wednesday, January, 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.15. The bank earned $20.78 million during the quarter, compared to the consensus estimate of $20.50 million. First Internet Bancorp had a return on equity of 8.55% and a net margin of 15.37%. View First Internet Bancorp's Earnings History.

When is First Internet Bancorp's next earnings date?

First Internet Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for First Internet Bancorp.

What price target have analysts set for INBK?

4 equities research analysts have issued 12-month price targets for First Internet Bancorp's shares. 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 14.6% from the stock's current price. View Analyst Price Targets for First Internet Bancorp.

What is the consensus analysts' recommendation for 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.

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. " (1/28/2020)
  • 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?

Press coverage about INBK stock has trended very negative on Sunday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news 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 coverage optimism score of -3.3 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for First Internet Bancorp.

Are investors shorting First Internet Bancorp?

First Internet Bancorp saw a decrease in short interest in January. As of January 31st, there was short interest totalling 97,200 shares, a decrease of 6.3% from the January 15th total of 103,700 shares. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is presently 3.2 days. Currently, 1.1% of the company's stock 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 folowing 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

Who are First Internet Bancorp's major shareholders?

First Internet Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Stieven Capital Advisors L.P. (8.35%), Heartland Advisors Inc. (3.36%), Foundry Partners LLC (2.51%), Franklin Resources Inc. (2.21%), Banc Funds Co. LLC (2.13%) and Voss Capital LLC (1.62%). Company insiders that own First Internet Bancorp stock include David B Becker, Jerry L Williams and John K Keach, Jr. 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 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 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 Voss Capital LLC, Banc Funds Co. LLC, Renaissance Technologies LLC, LSV Asset Management, Stieven Capital Advisors L.P., California Public Employees Retirement System, Franklin Resources Inc. and Goldman Sachs Group Inc.. Company insiders that have bought First Internet Bancorp stock in the last two years include David B Becker, Jerry L Williams and John K Keach, Jr. View Insider Buying and Selling 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 $27.63.

How big of a company is First Internet Bancorp?

First Internet Bancorp has a market capitalization of $269.12 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:  2.7 out of 5 (star star)
Outperform Votes:  229 (Vote Outperform)
Underperform Votes:  203 (Vote Underperform)
Total Votes:  432
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 2/23/2020 by MarketBeat.com Staff

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