First Internet Bancorp (INBK) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating 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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3 equities research analysts have issued 1 year target prices for First Internet Bancorp's stock. Their INBK share price targets range from $18.00 to $35.00. On average, they expect the company's share price to reach $29.00 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
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First Internet Bancorp's stock was trading at $24.19 at the start of the year. Since then, INBK stock has increased by 28.4% and is now trading at $31.06.
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First Internet Bancorp saw a increase in short interest in March. As of March 31st, there was short interest totaling 91,900 shares, an increase of 7.9% from the March 15th total of 85,200 shares. Based on an average daily volume of 51,700 shares, the short-interest ratio is currently 1.8 days. Currently, 1.2% of the company's stock are sold short.
View First Internet Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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First Internet Bancorp will be holding an earnings conference call on Thursday, April 25th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8692 with passcode "021175#".

First Internet Bancorp (NASDAQ:INBK) announced its quarterly earnings data on Wednesday, January, 24th. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.24. The bank had revenue of $27.21 million for the quarter, compared to the consensus estimate of $24.50 million. First Internet Bancorp had a net margin of 3.81% and a trailing twelve-month return on equity of 4.56%.

First Internet Bancorp announced a quarterly dividend on Monday, March 18th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.06 per share on Monday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for INBK.

First Internet Bancorp (NASDAQ:INBK) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.76%. The dividend payout ratio is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 6.17% 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), iRobot (IRBT).

Shares of INBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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