First Internet Bancorp (NASDAQ:INBK – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect First Internet Bancorp to post earnings of $0.55 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
First Internet Bancorp (NASDAQ:INBK – Get Free Report) last announced 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 business had revenue of $27.21 million for the quarter, compared to the consensus estimate of $24.50 million. First Internet Bancorp had a net margin of 3.81% and a return on equity of 4.56%. On average, analysts expect First Internet Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
First Internet Bancorp Stock Up 0.1 %
Shares of INBK stock opened at $31.08 on Wednesday. The stock has a market cap of $269.15 million, a P/E ratio of 26.56 and a beta of 0.72. The stock has a fifty day moving average price of $32.28 and a 200 day moving average price of $25.43. First Internet Bancorp has a one year low of $9.68 and a one year high of $35.72. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04.
First Internet Bancorp Announces Dividend
Hedge Funds Weigh In On First Internet Bancorp
Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of First Internet Bancorp in the first quarter valued at approximately $38,000. Tower Research Capital LLC TRC boosted its stake in shares of First Internet Bancorp by 148.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,267 shares of the bank’s stock worth $42,000 after acquiring an additional 758 shares in the last quarter. Point72 Middle East FZE purchased a new position in First Internet Bancorp in the 2nd quarter valued at about $51,000. Barclays PLC raised its holdings in First Internet Bancorp by 521.7% in the 4th quarter. Barclays PLC now owns 2,325 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,951 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of First Internet Bancorp by 5,450.0% during the 4th quarter. UBS Group AG now owns 2,442 shares of the bank’s stock worth $59,000 after buying an additional 2,398 shares during the last quarter. 65.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on INBK. Keefe, Bruyette & Woods boosted their target price on First Internet Bancorp from $29.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. StockNews.com raised First Internet Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.
Read Our Latest Research Report on INBK
First Internet Bancorp Company Profile
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.
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