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NASDAQ:INBK

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

$35.39
+0.46 (+1.32%)
(As of 12:51 PM ET)
Today's Range
$34.31
$35.72
50-Day Range
$25.11
$34.93
52-Week Range
$9.68
$35.72
Volume
38,030 shs
Average Volume
49,973 shs
Market Capitalization
$306.48 million
P/E Ratio
30.25
Dividend Yield
0.68%
Price Target
$29.00

First Internet Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
18.2% Downside
$29.00 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
29.24%
From $3.01 to $3.89 Per Share

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.

3.02 out of 5 stars

Finance Sector

489th out of 858 stocks

State Commercial Banks Industry

111th out of 181 stocks

INBK stock logo

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.

INBK Stock Price History

INBK Stock News Headlines

First Internet Bancorp to Pay Cash Dividend
INBK Aug 2024 40.000 call
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GGAL Mar 2024 14.000 call
First Internet Bancorp
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Q4 2023 First Internet Bancorp Earnings Call
A Preview Of First Internet's Earnings
First Internet Bancorp goes ex-dividend tomorrow
INBK First Internet Bancorp
Q3 2023 First Internet Bancorp Earnings Call
Piper Sandler Keeps Their Hold Rating on First Internet Bancorp (INBK)
First Internet Bancorp Reports Third Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Last Earnings
1/24/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Today
3/28/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:INBK
Employees
287
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.00
High Stock Price Target
$35.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-18.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$8.42 million
Pretax Margin
1.86%

Debt

Sales & Book Value

Annual Sales
$265.57 million
Cash Flow
$2.72 per share
Book Value
$41.97 per share

Miscellaneous

Free Float
8,041,000
Market Cap
$307.17 million
Optionable
Optionable
Beta
0.71
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INBK Stock Analysis - Frequently Asked Questions

Should I buy or sell First Internet Bancorp stock right now?

3 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 1 buy rating for the stock. The consensus among Wall Street 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.
View INBK analyst ratings
or view top-rated stocks.

What is First Internet Bancorp's stock price target for 2024?

3 equities research analysts have issued 12 month 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 stock price to reach $29.00 in the next year. This suggests that the stock has a possible downside of 18.2%.
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 46.6% and is now trading at $35.47.
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, April 24th 2024.
View our INBK earnings forecast
.

How were First Internet Bancorp's earnings last quarter?

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

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 annualized dividend and a yield of 0.68%. 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 0.72%. 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.

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 investors include Dimensional Fund Advisors LP (4.97%), Vanguard Group Inc. (4.41%), Vanguard Group Inc. (4.41%), Hotchkis & Wiley Capital Management LLC (3.61%), Fiduciary Trust Co (2.72%) and Sapient Capital LLC (1.67%). 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 3/28/2024 by MarketBeat.com Staff

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