First Internet Bancorp - INBK Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last twelve months. 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.
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4 analysts have issued 1 year price objectives for First Internet Bancorp's shares. Their INBK share price forecasts range from $30.00 to $38.00. On average, they predict the company's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 95.2% from the stock's current price.
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First Internet Bancorp's stock was trading at $24.28 at the start of the year. Since then, INBK shares have decreased by 31.4% and is now trading at $16.65.
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First Internet Bancorp saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 72,200 shares, a drop of 12.3% from the February 28th total of 82,300 shares. Based on an average daily trading volume, of 39,600 shares, the short-interest ratio is currently 1.8 days. Currently, 0.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our INBK earnings forecast.

First Internet Bancorp (NASDAQ:INBK) posted its quarterly earnings data on Wednesday, January, 25th. The bank reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.05. The bank earned $27.48 million during the quarter, compared to analysts' expectations of $26.70 million. First Internet Bancorp had a net margin of 19.95% and a trailing twelve-month return on equity of 10.15%.

First Internet Bancorp announced a quarterly dividend on Tuesday, March 21st. Shareholders of record on Friday, March 31st will be paid a dividend of $0.06 per share on Monday, April 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for INBK.

ETFs with the largest weight of First Internet Bancorp (NASDAQ:INBK) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA).

First Internet Bancorp (NASDAQ:INBK) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.42%. The dividend payout ratio is 6.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 7.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INBK.

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.

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).

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

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.
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One share of INBK stock can currently be purchased for approximately $16.65.

First Internet Bancorp (NASDAQ:INBK) has a market capitalization of $149.02 million and generates $178.16 million in revenue each year. The bank earns $35.54 million in net income (profit) each year or $3.70 on an earnings per share basis.

The company employs 282 workers across the globe.

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.