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NASDAQ:INBK

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

First Internet Bancorp logo
$36.90 -0.68 (-1.81%)
(As of 12/23/2024 05:26 PM ET)

About First Internet Bancorp Stock (NASDAQ:INBK)

Key Stats

Today's Range
$36.46
$37.80
50-Day Range
$33.35
$42.44
52-Week Range
$23.05
$43.26
Volume
20,947 shs
Average Volume
48,700 shs
Market Capitalization
$319.85 million
P/E Ratio
14.53
Dividend Yield
0.65%
Price Target
$43.63
Consensus Rating
Moderate Buy

Company Overview

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.

First Internet Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
82nd Percentile Overall Score

INBK MarketRank™: 

First Internet Bancorp scored higher than 82% of companies evaluated by MarketBeat, and ranked 252nd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    First 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 Coverage

    First Internet Bancorp has only been the subject of 1 research reports in the past 90 days.

  • Read more about First Internet Bancorp's stock forecast and price target.
  • Earnings Growth

    Earnings for First Internet Bancorp are expected to grow by 38.44% in the coming year, from $3.07 to $4.25 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First Internet Bancorp is 14.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First Internet Bancorp is 14.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.04.

  • Price to Book Value per Share Ratio

    First Internet Bancorp has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.23% of the float of First Internet Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    First Internet Bancorp has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in First Internet Bancorp has recently decreased by 19.48%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    First Internet Bancorp has a dividend yield of 0.65%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    First Internet Bancorp does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of First Internet Bancorp is 9.45%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, First Internet Bancorp will have a dividend payout ratio of 5.65% 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.
  • Percentage of Shares Shorted

    1.23% of the float of First Internet Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    First Internet Bancorp has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in First Internet Bancorp has recently decreased by 19.48%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    First Internet Bancorp has a news sentiment score of 0.40. 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 lower news sentiment than the 0.67 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for First Internet Bancorp this week, compared to 1 article on an average week.
  • Search Interest

    1 people have searched for INBK on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, First Internet Bancorp insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 7.10% of the stock of First Internet Bancorp is held by insiders.

  • Percentage Held by Institutions

    65.46% 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.
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INBK Stock News Headlines

First Internet Bancorp to Pay Cash Dividend
We recommended Palantir in 2021, now we’re recommending this...
My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
First Internet Bancorp reports Q3 EPS 80c, consensus 83c
See More Headlines

INBK Stock Analysis - Frequently Asked Questions

First Internet Bancorp's stock was trading at $24.19 at the beginning of 2024. Since then, INBK shares have increased by 52.5% and is now trading at $36.90.
View the best growth stocks for 2024 here
.

First Internet Bancorp (NASDAQ:INBK) posted its quarterly earnings data on Wednesday, October, 23rd. The bank reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.81 by $0.01. The bank earned $87.02 million during the quarter, compared to analyst estimates of $32.50 million. First Internet Bancorp had a trailing twelve-month return on equity of 6.06% and a net margin of 6.92%.

First Internet Bancorp's top institutional shareholders include Geode Capital Management LLC (2.33%), Hotchkis & Wiley Capital Management LLC (2.24%), Fiduciary Trust Co (2.21%) and Foundry Partners LLC (1.41%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that First Internet Bancorp investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

Ex-Dividend for 10/15 Dividend
9/30/2024
Dividend Payable
10/15/2024
Last Earnings
10/23/2024
Today
12/24/2024
Ex-Dividend for 1/15 Dividend
12/31/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/15/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:INBK
Employees
290
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$43.63
High Stock Price Target
$45.00
Low Stock Price Target
$40.50
Potential Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$8.42 million
Pretax Margin
7.13%

Debt

Sales & Book Value

Annual Sales
$116.63 million
Cash Flow
$2.22 per share
Book Value
$41.97 per share

Miscellaneous

Free Float
8,053,000
Market Cap
$319.85 million
Optionable
Optionable
Beta
0.70

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This page (NASDAQ:INBK) was last updated on 12/24/2024 by MarketBeat.com Staff
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