Recent Research Analysts’ Ratings Updates for First Internet Bancorp (INBK)

A number of research firms have changed their ratings and price targets for First Internet Bancorp (NASDAQ: INBK):

  • 1/18/2018 – First Internet Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “
  • 1/13/2018 – First Internet Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/12/2018 – First Internet Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “
  • 1/9/2018 – First Internet Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “
  • 12/30/2017 – First Internet Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “
  • 12/12/2017 – First Internet Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/5/2017 – First Internet Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “
  • 11/21/2017 – First Internet Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “

First Internet Bancorp (INBK) traded down $0.35 during trading hours on Friday, hitting $40.15. The company had a trading volume of 15,700 shares, compared to its average volume of 25,092. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.01 and a quick ratio of 0.99. First Internet Bancorp has a 12-month low of $25.48 and a 12-month high of $42.40. The stock has a market capitalization of $348.22, a PE ratio of 16.80 and a beta of 0.13.

First Internet Bancorp (NASDAQ:INBK) last released its earnings results on Thursday, January 18th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. First Internet Bancorp had a return on equity of 8.87% and a net margin of 17.60%. The firm had revenue of $17.90 million during the quarter, compared to analysts’ expectations of $19.00 million. research analysts predict that First Internet Bancorp will post 2.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Thursday, December 28th. First Internet Bancorp’s dividend payout ratio is currently 10.04%.

First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet.

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