NASDAQ:INBK First Internet Bancorp (INBK) Stock Price, News & Analysis → It's time to ween off Chinese lithium! (From Smallcaps Daily) (Ad) Free INBK Stock Alerts $27.71 -0.68 (-2.40%) (As of 11:55 AM ET) Add Compare Share Share Today's Range$27.56▼$27.9850-Day Range$28.23▼$33.7652-Week Range$13.98▼$35.72Volume4,765 shsAverage Volume49,119 shsMarket Capitalization$239.97 millionP/E Ratio14.58Dividend Yield0.87%Price Target$35.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get First Internet Bancorp alerts: Email Address First Internet Bancorp MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside25.9% Upside$35.75 Price TargetShort InterestHealthy1.54% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider 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.4.56 out of 5 starsFinance Sector142nd out of 816 stocksState Commercial Banks Industry34th out of 165 stocks 3.3 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 5.0 Short Interest Percentage of Shares Shorted1.54% 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 2.3, 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 14.88%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldFirst Internet Bancorp has a dividend yield of 0.85%, 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 N/A News and Social Media Coverage 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 7.80% 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 14.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.39.Price to Earnings Ratio vs. SectorThe P/E ratio of First Internet Bancorp is 14.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.66.Price to Book Value per Share RatioFirst Internet Bancorp has a P/B Ratio of 0.68. 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 DeFi Distribution[PDF Inside] Crypto's $1 Trillion 60-Day Boom + New 2024 Profit StrategyThe crypto industry is exploding and Chris Munch just released a new PDF detailing how you can potentially profit from this trillion-dollar niche WITHOUT buying a single coin, NFT or investing in ANYTHING.Grab the PDF here for free: 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, and 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 1998 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 HeadlinesMay 28, 2024 | msn.comBest 3-Month CD Rates of June 2024: Smart Savings, Quick AccessMay 26, 2024 | finance.yahoo.comFirst Internet Bancorp (INBK)April 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 ResultsSee 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 Earnings4/24/2024Today6/10/2024Next 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+29.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.90 Trailing P/E Ratio14.58 Forward P/E Ratio8.94 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 / Sales0.90 Cash Flow$2.48 per share Price / Cash Flow11.16 Book Value$41.97 per share Price / Book0.66Miscellaneous Outstanding Shares8,660,000Free Float7,981,000Market Cap$239.97 million OptionableOptionable Beta0.70 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.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 CompetitorsACNBNASDAQ:ACNBMutualFirst FinancialNASDAQ:MFSFChoiceOne Financial ServicesNASDAQ:COFSFirst Savings Financial GroupNASDAQ:FSFGHoward BancorpNASDAQ:HBMDView All CompetitorsInstitutional OwnershipAncora Advisors LLCBought 14,190 shares on 5/16/2024Ownership: 2.504%Jacobs 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%View All Institutional Transactions INBK Stock Analysis - 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 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 brokers have issued 1-year price targets for First Internet Bancorp's shares. Their INBK share price targets range from $34.00 to $38.00. On average, they predict the company's stock price to reach $35.75 in the next year. This suggests a possible upside of 25.9% 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 the year. Since then, INBK stock has increased by 17.4% and is now trading at $28.39. View the best growth stocks for 2024 here. Are investors shorting First Internet Bancorp? First Internet Bancorp saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 113,300 shares, a decrease of 14.9% from the April 30th total of 133,100 shares. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.5% of the shares of the stock are short sold. 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, July 24th 2024. View our INBK earnings forecast. How were First Internet Bancorp's earnings last quarter? First Internet Bancorp (NASDAQ:INBK) posted its earnings results on Wednesday, April, 24th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The bank had revenue of $29.08 million for the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Monday, March 18th. Investors 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 0.85%. 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 0.85%. 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.37%), Ancora Advisors LLC (2.50%), Stieven Capital Advisors L.P. (2.47%), Jacobs Levy Equity Management Inc. (1.23%), Acadian Asset Management LLC (1.13%) and Foundry Partners 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 6/10/2024 by MarketBeat.com Staff From Our PartnersAI's Next Magnificent SevenThe Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.The Oxford Club | Sponsored[PDF Inside] Crypto's $1 Trillion 60-Day Boom + New 2024 Profit StrategyThe crypto industry is exploding and Chris Munch just released a new PDF detailing how you can potentially pro...DeFi Distribution | SponsoredTrump convicted... now what?Unexpected Twist to Trump's Trial Most folks sense there's more to the Trump trial than meets the eye. B...Stansberry Research | SponsoredIt's time to ween off Chinese lithium!As the lithium rush continues, this small-cap NASDAQ-traded company may be one of the brightest and most promi...Smallcaps Daily | SponsoredTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredTop 5 AI Stocks to Buy for 2024The electric vehicle boom is accelerating – and fast.Market Moving Trends | SponsoredNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analys...Hedgeye | SponsoredMoonshot Coins for the Current Crypto RunDid you see bitcoin crossed $70k again? Don't miss the next bull run. Because while Bitcoin and Ethereum s...Crypto 101 Media | Sponsored 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. Share First Internet Bancorp With A Colleague Link copied to clipboard. 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. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.