NASDAQ:INBK First Internet Bancorp (INBK) Stock Price, News & Analysis $33.78 -1.03 (-2.96%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$33.61▼$34.9250-Day Range$27.28▼$39.1052-Week Range$14.11▼$39.46Volume16,829 shsAverage Volume55,186 shsMarket Capitalization$292.40 millionP/E Ratio17.78Dividend Yield0.71%Price Target$42.88 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/Downside26.9% Upside$42.88 Price TargetShort InterestHealthy2.01% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.37Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth37.09%From $3.02 to $4.14 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.4.58 out of 5 starsFinance Sector93rd out of 871 stocksState Commercial Banks Industry17th out of 177 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 4 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 Shorted2.01% 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 5.68%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldFirst Internet Bancorp has a dividend yield of 0.66%, 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 5.80% 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 3.0 News and Social Media Coverage News SentimentFirst Internet Bancorp has a news sentiment score of 1.37. 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 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for First Internet Bancorp this week, compared to 1 article on an average week. 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 37.09% in the coming year, from $3.02 to $4.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Internet Bancorp is 17.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of First Internet Bancorp is 17.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.21.Price to Book Value per Share RatioFirst Internet Bancorp has a P/B Ratio of 0.79. 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 Weiss RatingsWhat is Nvidia’s New $1 Trillion SuperProject?Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …Find out details on these three critical Nvidia partners immediately. 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 HeadlinesSeptember 2, 2024 | americanbankingnews.comShort Interest in First Internet Bancorp (NASDAQ:INBK) Decreases By 5.7%August 29, 2024 | americanbankingnews.comFirst Internet Bancorp (NASDAQ:INBK) Receives Consensus Rating of "Moderate Buy" from AnalystsSeptember 7, 2024 | Behind the Markets (Ad)NASDAQ to crash 50%?During the 2020 Covid Crash he called a market reversal - eleven days before the S&P bottomed out... Now, he's saying there are four major cracks forming in the US economy...August 11, 2024 | finance.yahoo.comFirst Internet Bancorp Second Quarter 2024 Earnings: Misses ExpectationsAugust 3, 2024 | finance.yahoo.comFirst Internet Bancorp's (NASDAQ:INBK) institutional investors lost 14% last week but have benefitted from longer-term gainsAugust 1, 2024 | uk.investing.comFirst Internet Bancorp stock boosted by solid Q2 results - Piper SandlerJuly 28, 2024 | gurufocus.comQ2 2024 First Internet Bancorp Earnings Call TranscriptJuly 26, 2024 | markets.businessinsider.comCraig-Hallum Reaffirms Their Buy Rating on First Internet Bancorp (INBK)September 7, 2024 | Behind the Markets (Ad)NASDAQ to crash 50%?During the 2020 Covid Crash he called a market reversal - eleven days before the S&P bottomed out... Now, he's saying there are four major cracks forming in the US economy...July 25, 2024 | chron.comFirst Internet: Q2 Earnings SnapshotJuly 25, 2024 | finance.yahoo.comFirst Internet Bancorp Reports Second Quarter 2024 ResultsJuly 24, 2024 | gurufocus.comFirst Internet Bancorp Q2 2024 Earnings: EPS of $0.67 Misses Estimates, Revenue at $21. ...July 24, 2024 | markets.businessinsider.comFirst Internet Bancorp earnings: here's what Wall Street expectsJuly 23, 2024 | businessinsider.comFirst Internet Bank of Indiana Review 2024May 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 CallSee 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 7/15 Dividend6/28/2024Dividend Payable7/15/2024Last Earnings7/24/2024Today9/07/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryBanking Current SymbolNASDAQ:INBK CUSIPN/A CIK1562463 Webwww.firstinternetbancorp.com Phone(317) 532-7900Fax317-532-7901Employees290Year FoundedN/APrice Target and Rating Average Stock Price Target$42.88 High Stock Price Target$45.00 Low Stock Price Target$40.50 Potential Upside/Downside+26.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.90 Trailing P/E Ratio17.78 Forward P/E Ratio11.19 P/E GrowthN/ANet Income$8.42 million Net Margins6.12% Pretax Margin6.03% Return on Equity5.23% Return on Assets0.36% Debt Debt-to-Equity Ratio1.83 Current Ratio1.02 Quick Ratio1.01 Sales & Book Value Annual Sales$107.79 million Price / Sales2.71 Cash Flow$2.37 per share Price / Cash Flow14.27 Book Value$42.91 per share Price / Book0.79Miscellaneous Outstanding Shares8,656,000Free Float8,041,000Market Cap$292.40 million OptionableOptionable Beta0.66 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.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:ACNBChoiceOne Financial ServicesNASDAQ:COFSMutualFirst FinancialNASDAQ:MFSFFirst Savings Financial GroupNASDAQ:FSFGHoward BancorpNASDAQ:HBMDView All CompetitorsInstitutional OwnershipMarshall Wace LLPSold 4,889 shares on 8/14/2024Ownership: 0.297%Thrivent Financial for LutheransBought 15,444 shares on 8/13/2024Ownership: 0.272%Dimensional Fund Advisors LPBought 42,227 shares on 8/9/2024Ownership: 5.657%Renaissance Technologies LLCBought 17,300 shares on 8/9/2024Ownership: 0.291%American Century Companies Inc.Bought 2,857 shares on 8/8/2024Ownership: 0.996%View All Institutional Transactions INBK Stock Analysis - Frequently Asked Questions How have INBK shares performed this year? First Internet Bancorp's stock was trading at $24.19 on January 1st, 2024. Since then, INBK shares have increased by 39.6% and is now trading at $33.78. View the best growth stocks for 2024 here. How were First Internet Bancorp's earnings last quarter? First Internet Bancorp (NASDAQ:INBK) announced its quarterly earnings results on Wednesday, July, 24th. The bank reported $0.72 earnings per share for the quarter, hitting analysts' consensus estimates of $0.72. The bank earned $81.99 million during the quarter, compared to the consensus estimate of $30.55 million. First Internet Bancorp had a trailing twelve-month return on equity of 5.23% and a net margin of 6.12%. 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. Who are First Internet Bancorp's major shareholders? First Internet Bancorp's top institutional investors include Dimensional Fund Advisors LP (5.66%), Acadian Asset Management LLC (1.70%), Foundry Partners LLC (1.29%) and Stieven Capital Advisors L.P. (1.10%). Insiders that own company stock include David B Becker, Nicole S Lorch, John K Keach Jr, Aasif M Bade, Justin P Christian, Ann C Dee and Jerry L Williams. 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. What other stocks do shareholders of First Internet Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Enterprise Products Partners (EPD). This page (NASDAQ:INBK) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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