Headlines about First Internet Bancorp (NASDAQ:INBK) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Internet Bancorp earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.3487440429396 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
First Internet Bancorp (NASDAQ:INBK) opened at $40.95 on Friday. The company has a market cap of $341.91 and a PE ratio of 17.13. First Internet Bancorp has a 12-month low of $25.48 and a 12-month high of $42.40. 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 (NASDAQ:INBK) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. The firm had revenue of $17.33 million for the quarter, compared to analyst estimates of $16.90 million. First Internet Bancorp had a net margin of 17.60% and a return on equity of 8.87%. equities research analysts predict that First Internet Bancorp will post 2.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.59%. First Internet Bancorp’s dividend payout ratio (DPR) is presently 10.04%.
Several brokerages have recently weighed in on INBK. Zacks Investment Research upgraded shares of First Internet Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday. Hovde Group boosted their price target on shares of First Internet Bancorp from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. TheStreet upgraded shares of First Internet Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, November 16th. BidaskClub lowered shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine lowered shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.75.
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About First Internet Bancorp
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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