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

3 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 1 buy rating for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued 12-month target prices for First Internet Bancorp's shares. Their INBK share price targets range from $18.00 to $35.00. On average, they predict the company's share price to reach $26.67 in the next year. This suggests a possible upside of 10.2% 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 2023?

First Internet Bancorp's stock was trading at $24.28 at the start of the year. Since then, INBK stock has decreased by 0.4% and is now trading at $24.19. View the best growth stocks for 2023 here .

When is First Internet Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024. View our INBK earnings forecast .

How were First Internet Bancorp's earnings last quarter?

First Internet Bancorp (NASDAQ:INBK) announced its quarterly earnings data on Wednesday, October, 25th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The bank earned $24.79 million during the quarter, compared to analyst estimates of $24.10 million. First Internet Bancorp had a net margin of 5.07% and a trailing twelve-month return on equity of 5.18%.

How often does First Internet Bancorp pay dividends? What is the dividend yield for First Internet Bancorp?

First Internet Bancorp declared a quarterly dividend on Tuesday, December 19th. Investors of record on Friday, December 29th will be given a dividend of $0.06 per share on Tuesday, January 16th. This represents a $0.24 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, December 28th. 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 0.99%. The dividend payout ratio is 17.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 9.96% 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) , Gold Resource (GORO) and iRobot (IRBT) .

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 .

NASDAQ:INBK

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

$24.19

-0.66 (-2.66%)

(As of 12/29/2023 ET)

Compare

Today's Range: $24.15
▼
$25.33
50-Day Range: $14.57
▼
$25.10
52-Week Range: $9.68
▼
$28.17

Volume: 22,570 shs
Average Volume: 37,304 shs
Market Capitalization: $209.00 million

P/E Ratio: 17.66
Dividend Yield: 0.99%
Price Target: $26.67

First Internet Bancorp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 10.2% Upside
$26.67 Price Target
Short Interest: Healthy
1.36% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.74
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 145.92%
From $0.98 to $2.41 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

142nd out of 867 stocks

State Commercial Banks Industry

25th out of 184 stocks

2.2

Analyst's Opinion

Consensus Rating
First Internet Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.67, First Internet Bancorp has a forecasted upside of 10.2% from its current price of $24.19.
Amount of Analyst Coverage
First Internet Bancorp has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.36% 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 3.3, 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 increased by 5.49%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
First Internet Bancorp has a dividend yield of 0.99%, 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 17.52%. 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 9.96% next year. This indicates that First Internet Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for INBK.

2.6

News and Social Media Coverage

News Sentiment
First Internet Bancorp has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment 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.
MarketBeat Follows
1 people have added First Internet Bancorp to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

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
62.43% 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for First Internet Bancorp are expected to grow by 145.92% in the coming year, from $0.98 to $2.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Internet Bancorp is 17.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Internet Bancorp is 17.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 30.18.
Price to Book Value per Share Ratio
First Internet Bancorp has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, savings, money market, commercial and 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 municipal finance lending and leasing products to government entities In addition, it 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

30 days | 90 days | 365 days | Advanced Chart

INBK Stock News Headlines

December 29, 2023 | seekingalpha.com

First Internet Bancorp goes ex-dividend tomorrow

December 28, 2023 | americanbankingnews.com

StockNews.com Lowers First Internet Bancorp (NASDAQ:INBK) to Sell

December 31, 2023 | Behind the Markets (Ad)

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December 21, 2023 | americanbankingnews.com

First Internet Bancorp (NASDAQ:INBK) Upgraded by StockNews.com to "Hold"

December 1, 2023 | seekingalpha.com

INBK First Internet Bancorp

November 19, 2023 | finance.yahoo.com

First Internet Bancorp (NASDAQ:INBK) earnings and shareholder returns have been trending downwards for the last three years, but the stock surges 14% this past week

October 27, 2023 | finance.yahoo.com

First Internet Bancorp (NASDAQ:INBK) Q3 2023 Earnings Call Transcript

October 27, 2023 | finance.yahoo.com

Q3 2023 First Internet Bancorp Earnings Call

December 31, 2023 | Behind the Markets (Ad)

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We're offering you the chance to subscribe to Behind the Markets for an ENTIRE YEAR for just $9. That's less than a cup of coffee! And what do you get for that $9?

October 26, 2023 | markets.businessinsider.com

Craig-Hallum Reaffirms Their Hold Rating on First Internet Bancorp (INBK)

October 26, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Hold Rating on First Internet Bancorp (INBK)

October 26, 2023 | finance.yahoo.com

Compared to Estimates, First Internet (INBK) Q3 Earnings: A Look at Key Metrics

October 25, 2023 | finance.yahoo.com

First Internet Bancorp Reports Third Quarter 2023 Results

October 25, 2023 | finance.yahoo.com

First Internet Bancorp (INBK) Announces Q3 2023 Earnings

October 25, 2023 | finance.yahoo.com

First Internet Bancorp (INBK) Matches Q3 Earnings Estimates

October 22, 2023 | finance.yahoo.com

Bullish First Internet Bancorp Insiders Loaded Up On US$759.4k Of Stock

October 12, 2023 | finance.yahoo.com

First Internet Bank "Optimizes" Do More Business Checking

October 6, 2023 | nytimes.com

Amazon Launches Its First Internet Satellite Prototypes

October 4, 2023 | finance.yahoo.com

First Internet Bancorp to Announce Third Quarter 2023 Financial Results on Wednesday, October 25

September 25, 2023 | finance.yahoo.com

First Internet Bank Introduces Cash Flow Analysis to Do More Business™ Checking

September 24, 2023 | finance.yahoo.com

First Internet Bancorp's (NASDAQ:INBK) Dividend Will Be $0.06

September 22, 2023 | finance.yahoo.com

Here's Why Wintrust Financial (WTFC) Stock Worth Buying Now

August 24, 2023 | finance.yahoo.com

First Internet (INBK) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

August 18, 2023 | finance.yahoo.com

Can First Internet (INBK) Run Higher on Rising Earnings Estimates?

August 17, 2023 | finance.yahoo.com

Why You Should Buy First Internet Bancorp (INBK) Stock Now

July 31, 2023 | markets.businessinsider.com

Piper Sandler Sticks to Their Hold Rating for First Internet Bancorp (INBK)

July 26, 2023 | finance.yahoo.com

First Internet (INBK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

See More Headlines

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Company Calendar

Ex-Dividend for 10/16 Dividend: 9/28/2023
Dividend Payable: 10/16/2023
Last Earnings: 10/25/2023
Ex-Dividend for 1/16 Dividend: 12/28/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/16/2024
Next Earnings (Estimated): 1/24/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:INBK
CUSIP: N/A
CIK: 1562463
Web: www.firstinternetbancorp.com
Phone: (317) 532-7900
Fax: 317-532-7901
Employees: 314
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $26.67
High Stock Price Target: $35.00
Low Stock Price Target: $18.00
Potential Upside/Downside: +10.2%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.37
Trailing P/E Ratio: 17.66
Forward P/E Ratio: 24.68
P/E Growth: N/A
Net Income: $35.54 million
Net Margins: 5.07%
Pretax Margin: 3.38%
Return on Equity: 5.18%
Return on Assets: 0.38%

Debt

Debt-to-Equity Ratio: 2.07
Current Ratio: 1.04
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $178.16 million
Price / Sales: 1.17
Cash Flow: $4.97 per share
Price / Cash Flow: 4.87
Book Value: $39.50 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 8,640,000
Free Float: 8,030,000
Market Cap: $209.00 million
Optionable: Not Optionable
Beta: 0.75

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Key Executives

Mr. David B. Becker (Age 70)
Chairman & CEO
Comp: $1.21M
Ms. Nicole S. Lorch (Age 49)
President, COO & Corporate Secretary
Comp: $710.63k
Mr. Kenneth J. Lovik (Age 53)
Executive VP & CFO
Comp: $511.25k
Ms. Paula Deemer
Executive Assistant & Director of Corporate Administration
Mr. David Bybee
VP & Senior Credit Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INBK Stock Analysis - Frequently Asked Questions

Should I buy or sell First Internet Bancorp stock right now?: 3 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 1 buy rating for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued 12-month target prices for First Internet Bancorp's shares. Their INBK share price targets range from $18.00 to $35.00. On average, they predict the company's share price to reach $26.67 in the next year. This suggests a possible upside of 10.2% 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 2023?: First Internet Bancorp's stock was trading at $24.28 at the start of the year. Since then, INBK stock has decreased by 0.4% and is now trading at $24.19.
View the best growth stocks for 2023 here.
When is First Internet Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our INBK earnings forecast.
How were First Internet Bancorp's earnings last quarter?: First Internet Bancorp (NASDAQ:INBK) announced its quarterly earnings data on Wednesday, October, 25th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The bank earned $24.79 million during the quarter, compared to analyst estimates of $24.10 million. First Internet Bancorp had a net margin of 5.07% and a trailing twelve-month return on equity of 5.18%.
How often does First Internet Bancorp pay dividends? What is the dividend yield for First Internet Bancorp?: First Internet Bancorp declared a quarterly dividend on Tuesday, December 19th. Investors of record on Friday, December 29th will be given a dividend of $0.06 per share on Tuesday, January 16th. This represents a $0.24 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, December 28th.
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 0.99%. The dividend payout ratio is 17.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INBK will have a dividend payout ratio of 9.96% 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), Gold Resource (GORO) and iRobot (IRBT).
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 12/31/2023 by MarketBeat.com Staff

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

First Internet Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About First Internet Bancorp Stock (NASDAQ:INBK)

INBK Stock Price History

INBK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

INBK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™