Positive News SentimentPositive NewsNASDAQ:INBK First Internet Bancorp (INBK) Stock Price, News & Analysis → The #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique Way (From Smallcaps Daily) (Ad) Free INBK Stock Alerts $32.34 -0.35 (-1.07%) (As of 12:01 PM ET) Add Compare Share Share Today's Range$32.34▼$32.6150-Day Range$30.71▼$34.9352-Week Range$10.81▼$35.72Volume2,845 shsAverage Volume51,985 shsMarket Capitalization$279.94 millionP/E Ratio17.02Dividend Yield0.74%Price Target$35.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get First Internet Bancorp alerts: Email Address First Internet Bancorp MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside10.1% Upside$35.75 Price TargetShort InterestHealthy1.70% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.88Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth27.10%From $3.10 to $3.94 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.01 out of 5 starsFinance Sector452nd out of 882 stocksState Commercial Banks Industry113th out of 178 stocks 2.3 Analyst's Opinion Consensus RatingFirst Internet Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageFirst Internet Bancorp has only been the subject of 3 research reports in the past 90 days.Read more about First Internet Bancorp's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.70% 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 2.7, 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 4.52%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldFirst Internet Bancorp has a dividend yield of 0.77%, which is in 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 12.63%. 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 6.09% next year. This indicates that First Internet Bancorp will be able to sustain or increase its dividend.Read more about First Internet Bancorp's 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 3.3 News and Social Media Coverage News SentimentFirst Internet Bancorp has a news sentiment score of 1.88. 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 0.66 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.Search InterestOnly 1 people have searched for INBK on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Internet Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.10% of the stock of First Internet Bancorp is held by insiders.Percentage Held by Institutions65.46% 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.Read more about First Internet Bancorp's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for First Internet Bancorp are expected to grow by 27.10% in the coming year, from $3.10 to $3.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Internet Bancorp is 17.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.56.Price to Earnings Ratio vs. SectorThe P/E ratio of First Internet Bancorp is 17.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.79.Price to Book Value per Share RatioFirst Internet Bancorp has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about First Internet Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Chaikin AnalyticsThis Wall Street stock prediction just went viralPeople around the world follow 50-year Wall Street veteran Marc Chaikin for his surprisingly accurate stock predictions. And he just issued an urgent WARNING for some of the most popular stocks in U.S. history.Watch just the first 5 minutes of his new prediction About First Internet Bancorp Stock (NASDAQ:INBK)First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity, line of credit and home improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; franchise finance; and small business lending. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of public and municipal lending and leasing products to government entities. Further, the company offers corporate credit card and treasury management services. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.Read More INBK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INBK Stock News HeadlinesApril 27, 2024 | seekingalpha.comFirst Internet Bancorp (INBK) Q1 2024 Earnings Call TranscriptApril 26, 2024 | finance.yahoo.comQ1 2024 First Internet Bancorp Earnings CallApril 26, 2024 | finance.yahoo.comFirst Internet Bancorp (INBK) Q1 2024 Earnings Call Transcript Highlights: Robust Growth and ...April 24, 2024 | washingtonpost.comFirst Internet: Q1 Earnings SnapshotApril 24, 2024 | businesswire.comFirst Internet Bancorp Reports First Quarter 2024 ResultsApril 24, 2024 | investing.comFirst Internet (INBK) Earnings Dates & ReportsApril 16, 2024 | finance.yahoo.comPleasing Signs As A Number Of Insiders Buy First Internet Bancorp StockApril 3, 2024 | businesswire.comFirst Internet Bancorp to Announce First Quarter 2024 Financial Results on Wednesday, April 24March 30, 2024 | msn.comBest 3-Month CD Rates for April 2024 (Up to 5.42%)March 30, 2024 | msn.comBest 5-Year CD Rates for April 2024 (Up to 4.55%)March 18, 2024 | businesswire.comFirst Internet Bancorp to Pay Cash DividendMarch 16, 2024 | finance.yahoo.comINBK Aug 2024 40.000 callFebruary 19, 2024 | finance.yahoo.comGGAL Mar 2024 14.000 callFebruary 17, 2024 | money.usnews.comFirst Internet BancorpFebruary 1, 2024 | msn.comNew York Community Bancorp, Qudian, Credit Acceptance among financials moversJanuary 31, 2024 | finance.yahoo.comEarnings Estimates Moving Higher for First Internet (INBK): Time to Buy?January 29, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: First Internet Bancorp (INBK), Northfield Bancorp (NFBK) and First Bank (FRBA)January 28, 2024 | finance.yahoo.comFirst Internet Bancorp (NASDAQ:INBK) Q4 2023 Earnings Call TranscriptJanuary 27, 2024 | finance.yahoo.comQ4 2023 First Internet Bancorp Earnings CallJanuary 25, 2024 | marketwatch.comFirst Internet Bancorp Shares Rise 9.6% After 4Q Results Top EstimatesJanuary 25, 2024 | finance.yahoo.comFirst Internet (INBK) Reports Q4 Earnings: What Key Metrics Have to SayJanuary 24, 2024 | msn.comFirst Internet Bancorp (INBK) Q4 Earnings and Revenues Surpass EstimatesJanuary 24, 2024 | finance.yahoo.comFirst Internet Bancorp Reports Fourth Quarter and Full Year 2023 ResultsJanuary 24, 2024 | finance.yahoo.comFirst Internet Bancorp (INBK) Reports Solid Q4 and Full Year 2023 Earnings GrowthJanuary 23, 2024 | benzinga.comA Preview Of First Internet's EarningsSee More Headlines 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 Company Calendar Ex-Dividend for 4/15 Dividend3/27/2024Dividend Payable4/15/2024Last Earnings4/24/2024Today5/16/2024Next Earnings (Estimated)7/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:INBK CUSIPN/A CIK1562463 Webwww.firstinternetbancorp.com Phone(317) 532-7900Fax317-532-7901Employees287Year FoundedN/APrice Target and Rating Average Stock Price Target$35.75 High Stock Price Target$38.00 Low Stock Price Target$34.00 Potential Upside/Downside+9.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.90 Trailing P/E Ratio17.21 Forward P/E Ratio10.55 P/E GrowthN/ANet Income$8.42 million Net Margins5.84% Pretax Margin5.59% Return on Equity4.64% Return on Assets0.32% Debt Debt-to-Equity Ratio1.85 Current Ratio1.02 Quick Ratio1.02 Sales & Book Value Annual Sales$265.57 million Price / Sales1.07 Cash Flow$2.65 per share Price / Cash Flow12.33 Book Value$42.37 per share Price / Book0.77Miscellaneous Outstanding Shares8,660,000Free Float7,981,000Market Cap$283.10 million OptionableOptionable Beta0.73 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. David B. Becker (Age 71)Chairman & CEO Comp: $1.1MMs. Nicole S. Lorch (Age 50)President, COO & Corporate Secretary Comp: $686.2kMr. Kenneth J. Lovik (Age 54)Executive VP & CFO Comp: $486.29kMs. Paula DeemerExecutive Assistant & Director of Corporate AdministrationMr. David BybeeVP & Senior Credit OfficerKey CompetitorsBank7NASDAQ:BSVNCitizens & NorthernNASDAQ:CZNCUnity BancorpNASDAQ:UNTYOrange County BancorpNASDAQ:OBTPrimis FinancialNASDAQ:FRSTView All CompetitorsInstitutional OwnershipJacobs Levy Equity Management Inc.Sold 21,271 shares on 5/16/2024Ownership: 1.230%Quadrature Capital LtdSold 4,857 shares on 5/15/2024Ownership: 0.489%Aristides Capital LLCSold 414 shares on 5/15/2024Ownership: 0.134%Public Employees Retirement System of OhioSold 2,419 shares on 5/15/2024Ownership: 0.089%Price T Rowe Associates Inc. MDSold 5,731 shares on 5/15/2024Ownership: 0.089%View All Institutional Transactions INBK Stock Analysis - Frequently Asked Questions Should I buy or sell First Internet Bancorp stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Internet Bancorp in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INBK shares. View INBK analyst ratings or view top-rated stocks. What is First Internet Bancorp's stock price target for 2024? 4 Wall Street analysts have issued 12-month price objectives for First Internet Bancorp's stock. Their INBK share price targets range from $34.00 to $38.00. On average, they predict the company's share price to reach $35.75 in the next year. This suggests a possible upside of 10.1% 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 2024? First Internet Bancorp's stock was trading at $24.19 at the beginning of 2024. Since then, INBK stock has increased by 34.2% and is now trading at $32.46. View the best growth stocks for 2024 here. When is First Internet Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024. View our INBK earnings forecast. How were First Internet Bancorp's earnings last quarter? First Internet Bancorp (NASDAQ:INBK) issued its quarterly earnings results on Wednesday, April, 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. The bank earned $29.08 million during the quarter, compared to analyst estimates of $28.60 million. First Internet Bancorp had a net margin of 5.84% and a trailing twelve-month return on equity of 4.64%. How often does First Internet Bancorp pay dividends? What is the dividend yield for First Internet Bancorp? First Internet Bancorp declared 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 dividend yield of 0.74%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for INBK. 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 0.77%. The dividend payout ratio is 12.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 6.09% 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), iRobot (IRBT). Who are First Internet Bancorp's major shareholders? First Internet Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.37%), Stieven Capital Advisors L.P. (2.47%), Jacobs Levy Equity Management Inc. (1.23%), Acadian Asset Management LLC (1.13%), Foundry Partners LLC (1.12%) and Sapient Capital LLC (1.12%). Insiders that own company stock include Aasif M Bade, Ann C Dee, David B Becker, Jerry L Williams, John K Keach Jr, Justin P Christian and Nicole S Lorch. View institutional ownership trends. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:INBK) was last updated on 5/16/2024 by MarketBeat.com Staff From Our PartnersThe #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique WaySmallcaps DailyHealthcare Takes A Big Step Forward With The Help Of AIThe Bull ReportDemocrats Push to Replace Dollar With Digital Coin, Control Currency.Monetary GoldThis Wall Street stock prediction just went viralChaikin AnalyticsTop 5 AI Stocks to Buy for 2024Market Moving TrendsShocking $16T Elon Musk Crypto LeakCrypto 101 MediaWith revenue forecasted to grow dramatically in 2024 and beyond, this company should be on your radarStocks NewsCharles Payne Demystifies OptionsUnstoppable Prosperity 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. 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