Shares of First Internet Bancorp (NASDAQ:INBK – Get Rating) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have covered the stock in the last year is $32.50.
A number of research firms recently commented on INBK. TheStreet cut First Internet Bancorp from a “b-” rating to a “c” rating in a report on Wednesday, November 30th. StockNews.com began coverage on First Internet Bancorp in a report on Thursday. They issued a “hold” rating on the stock.
Insider Activity at First Internet Bancorp
In other First Internet Bancorp news, Director Ann C. Dee purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were purchased at an average cost of $27.43 per share, with a total value of $27,430.00. Following the purchase, the director now owns 2,850 shares in the company, valued at $78,175.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.20% of the company’s stock.
Hedge Funds Weigh In On First Internet Bancorp
First Internet Bancorp Price Performance
INBK stock opened at $19.04 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.09 and a quick ratio of 1.08. The business has a 50 day simple moving average of $25.45 and a 200-day simple moving average of $27.48. The firm has a market capitalization of $170.41 million, a PE ratio of 5.15 and a beta of 0.54. First Internet Bancorp has a 1 year low of $17.90 and a 1 year high of $47.17.
First Internet Bancorp (NASDAQ:INBK – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The bank reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05). The company had revenue of $27.48 million during the quarter, compared to analysts’ expectations of $26.70 million. First Internet Bancorp had a net margin of 19.95% and a return on equity of 10.15%. Equities research analysts anticipate that First Internet Bancorp will post 2.25 earnings per share for the current fiscal year.
First Internet Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, December 29th. First Internet Bancorp’s payout ratio is currently 6.49%.
About First Internet Bancorp
First Internet Bancorp engages in the provision of online commercial and retail banking products and services. It offers first-lien residential mortgage loans, consumer loans and credit cards & CRE loans in Indiana and other parts of the midwest in the form of office, retail, industrial, and multifamily loans, with credit tenant lease financing.
- Get a free copy of the StockNews.com research report on First Internet Bancorp (INBK)
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