Media stories about First Internet Bancorp (NASDAQ:INBK) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Internet Bancorp earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.3487440429396 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
INBK has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $44.00 price target on shares of First Internet Bancorp in a report on Friday, October 20th. Maxim Group restated a “buy” rating and set a $46.00 price objective on shares of First Internet Bancorp in a research note on Friday, January 19th. TheStreet cut shares of First Internet Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. FIG Partners cut shares of First Internet Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.25.
Shares of First Internet Bancorp (NASDAQ INBK) traded up $0.05 during trading on Friday, reaching $37.55. 46,616 shares of the company’s stock traded hands, compared to its average volume of 34,645. The company has a market capitalization of $315.84, a PE ratio of 17.38 and a beta of -0.04. First Internet Bancorp has a 12-month low of $25.48 and a 12-month high of $42.40. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82.
First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. First Internet Bancorp had a return on equity of 9.45% and a net margin of 15.99%. The firm had revenue of $17.90 million for the quarter, compared to analysts’ expectations of $19.00 million. equities research analysts anticipate that First Internet Bancorp will post 3.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.24 annualized dividend and a yield of 0.64%. First Internet Bancorp’s dividend payout ratio (DPR) is presently 11.11%.
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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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