NASDAQ:INBK First Internet Bancorp - INBK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Internet Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. $16.65 +0.02 (+0.12%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$16.35▼$16.8550-Day Range$16.63▼$28.0952-Week Range$16.35▼$46.39Volume70,545 shsAverage Volume42,317 shsMarket Capitalization$149.02 millionP/E Ratio4.50Dividend Yield1.44%Price Target$32.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media First Internet Bancorp MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside95.2% Upside$32.50 Price TargetShort InterestHealthy0.90% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.78Based on 2 Articles This WeekInsider TradingAcquiring Shares$81,410 Bought Last QuarterProj. Earnings Growth34.22%From $2.25 to $3.02 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.33 out of 5 starsFinance Sector31st out of 890 stocksState Commercial Banks Industry13th out of 188 stocks 3.0 Analyst's Opinion Consensus RatingFirst Internet Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.50, First Internet Bancorp has a forecasted upside of 95.2% from its current price of $16.65.Amount of Analyst CoverageFirst Internet Bancorp has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.90% of the float of First Internet Bancorp has been sold short.Short Interest Ratio / Days to CoverFirst Internet Bancorp has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Internet Bancorp has recently decreased by 12.27%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldFirst Internet Bancorp pays a meaningful dividend of 1.42%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Internet Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of First Internet Bancorp is 6.49%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Internet Bancorp will have a dividend payout ratio of 7.95% next year. This indicates that First Internet Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INBK. Previous Next 2.7 News and Social Media Coverage News SentimentFirst Internet Bancorp has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for First Internet Bancorp this week, compared to 1 article on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Internet Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $81,410.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 7.20% of the stock of First Internet Bancorp is held by insiders.Percentage Held by Institutions70.72% of the stock of First Internet Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for First Internet Bancorp are expected to grow by 34.22% in the coming year, from $2.25 to $3.02 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Internet Bancorp is 4.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.21.Price to Earnings Ratio vs. SectorThe P/E ratio of First Internet Bancorp is 4.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 142.56.Price to Book Value per Share RatioFirst Internet Bancorp has a P/B Ratio of 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Internet Bancorp (NASDAQ:INBK) StockFirst Internet Bancorp engages in the provision of online commercial and retail banking products and services. It offers first-lien residential mortgage loans, consumer loans and credit cards & CRE loans in Indiana and other parts of the midwest in the form of office, retail, industrial, and multifamily loans, with credit tenant lease financing. The company was founded on September 15, 2005 and is headquartered in Indianapolis, IN.Read More Receive INBK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Internet Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address INBK Stock News HeadlinesMarch 24, 2023 | msn.comFirst Internet Bancorp (INBK) Declares $0.06 DividendMarch 24, 2023 | americanbankingnews.comAnalysts Set First Internet Bancorp (NASDAQ:INBK) Price Target at $32.50April 1, 2023 | Weiss Ratings (Ad)Banking NightmareDuring and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …March 22, 2023 | finance.yahoo.comDavid Becker Is The Chairman & CEO of First Internet Bancorp (NASDAQ:INBK) And They Just Picked Up 1.3% More SharesMarch 22, 2023 | americanbankingnews.comNicole S. Lorch Buys 1,000 Shares of First Internet Bancorp (NASDAQ:INBK) StockMarch 21, 2023 | marketwatch.comFirst Foundation Shares Gain 11% as Broader Banking Concerns SubsideMarch 21, 2023 | marketwatch.comFirst Mid to Buy Blackhawk Bancorp in $90.3 Million Stock Swap >FMBH BHWBMarch 20, 2023 | cnbc.comS&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problemsApril 1, 2023 | Porter & Company (Ad)Biden's corruption knows no endPorter Stansberry here -- I reveal the shocking changes this Obama policy will usher in… what it means for you, your family, and your finances… and how you can prepare for this new American era. Stream my new documentary at no cost today.March 17, 2023 | finance.yahoo.comStrength Seen in First Internet (INBK): Can Its 9.1% Jump Turn into More Strength?March 14, 2023 | msn.comFirst Republic shares jump 50% as regional banks rebound sharply from Monday’s sell-offMarch 13, 2023 | msn.comFirst Republic stock falls 62% amid fears of regional bank contagionMarch 7, 2023 | forbes.comThe First Internet ConnectionJanuary 27, 2023 | seekingalpha.comFirst Internet Bancorp (INBK) Q4 2022 Earnings Call TranscriptJanuary 27, 2023 | finance.yahoo.comFirst Internet Bancorp (NASDAQ:INBK) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comFirst Internet Bancorp (INBK) Q4 Earnings Miss EstimatesJanuary 25, 2023 | msn.comFirst Internet Bancorp Non-GAAP EPS of $0.68 misses by $0.01, revenue of $27.48M beats by $2.58MJanuary 25, 2023 | finance.yahoo.comFirst Internet Bancorp Reports Fourth Quarter and Full Year 2022 ResultsJanuary 20, 2023 | finance.yahoo.comWith 66% institutional ownership, First Internet Bancorp (NASDAQ:INBK) is a favorite amongst the big gunsJanuary 19, 2023 | technews.tmcnet.comFirst Internet Bank Continues SBA Team Growth, Adds Senior Business Development OfficerDecember 26, 2022 | msn.comWednesday Is Your Last Chance To Buy First Internet Before The Dividend PayoutDecember 20, 2022 | finance.yahoo.comFirst Internet Bancorp Authorizes Stock Repurchase ProgramDecember 18, 2022 | msn.comIDFC First Bank announces zero-free banking on customer-centric services, know detailsDecember 9, 2022 | finance.yahoo.comFirst Internet Bancorp (NASDAQ:INBK) investors are sitting on a loss of 39% if they invested a year agoDecember 5, 2022 | seekingalpha.comFirst Internet Bancorp: Maintaining A Buy Rating Despite The Earnings OutlookNovember 21, 2022 | finance.yahoo.comFirst Internet Bank Named "Best Bank" for the Tenth Consecutive YearNovember 12, 2022 | finance.yahoo.comFirst Internet Bancorp Third Quarter 2022 Earnings: Misses ExpectationsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive INBK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Internet Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address INBK Company Calendar Ex-Dividend for 1/17 Dividend12/29/2022Dividend Payable1/17/2023Last Earnings1/25/2023Ex-Dividend for 4/17 Dividend3/30/2023Today3/31/2023Dividend Payable4/17/2023Next Earnings (Estimated)4/19/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:INBK CUSIPN/A CIK1562463 Webwww.firstinternetbancorp.com Phone(317) 532-7900Fax317-532-7901Employees282Year FoundedN/APrice Target and Rating Average Stock Price Forecast$32.50 High Stock Price Forecast$38.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+95.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$3.70 Trailing P/E Ratio4.50 Forward P/E Ratio7.40 P/E GrowthN/ANet Income$35.54 million Net Margins19.95% Pretax Margin22.51% Return on Equity10.15% Return on Assets0.87% Debt Debt-to-Equity Ratio1.97 Current Ratio1.09 Quick Ratio1.08 Sales & Book Value Annual Sales$178.16 million Price / Sales0.84 Cash Flow$4.90 per share Price / Cash Flow3.40 Book Value$39.50 per share Price / Book0.42Miscellaneous Outstanding Shares8,950,000Free Float8,305,000Market Cap$149.02 million OptionableNot Optionable Beta0.54 Key ExecutivesDavid B. BeckerChairman & Chief Executive OfficerNicole S. LorchPresident, Chief Operating Officer & SecretaryKenneth J. LovikChief Financial Officer & Executive Vice PresidentPaula DeemerDirector-Corporate AdministrationGenevieve LuaVice President-Business Development OfficerKey CompetitorsFirst CommunityNASDAQ:FCCOInvestarNASDAQ:ISTROP BancorpNASDAQ:OPBKPenns Woods BancorpNASDAQ:PWODCalifornia BanCorpNASDAQ:CALBView All CompetitorsInsiders & InstitutionsAnn C DeeBought 2,000 shares on 3/29/2023Total: $34,520.00 ($17.26/share)Nicole S LorchBought 1,000 shares on 3/16/2023Total: $19,460.00 ($19.46/share)Ann C DeeBought 1,000 shares on 2/23/2023Total: $27,430.00 ($27.43/share)State of Wisconsin Investment BoardBought 3,290 shares on 2/15/2023Ownership: 1.515%Morgan StanleyBought 6,149 shares on 2/15/2023Ownership: 0.577%View All Insider TransactionsView All Institutional Transactions INBK Stock - Frequently Asked Questions Should I buy or sell First Internet Bancorp stock right now? 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. View INBK analyst ratings or view top-rated stocks. What is First Internet Bancorp's stock price forecast for 2023? 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. View analysts price targets for INBK or view top-rated stocks among Wall Street analysts. How have INBK shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting First Internet Bancorp? 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. View First Internet Bancorp's Short Interest. When is First Internet Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023. View our INBK earnings forecast. How were First Internet Bancorp's earnings last quarter? 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%. 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 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. What ETFs hold First Internet Bancorp's stock? 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). 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 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. 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." 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 $16.65. How much money does First Internet Bancorp make? 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. 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 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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