First Internet Bancorp (NASDAQ:INBK) Earning Somewhat Favorable News Coverage, Analysis Finds

Media stories about First Internet Bancorp (NASDAQ:INBK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Internet Bancorp earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.4563013805456 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of First Internet Bancorp (INBK) traded up $0.55 during trading on Wednesday, reaching $37.35. The company had a trading volume of 25,448 shares, compared to its average volume of 34,408. The stock has a market cap of $307.85, a P/E ratio of 17.29 and a beta of -0.03. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.01. First Internet Bancorp has a 1 year low of $25.48 and a 1 year high of $42.40.

First Internet Bancorp (NASDAQ:INBK) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $17.90 million during the quarter, compared to the consensus estimate of $19.00 million. First Internet Bancorp had a return on equity of 9.45% and a net margin of 15.99%. research analysts forecast that First Internet Bancorp will post 3.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, December 28th. First Internet Bancorp’s dividend payout ratio is currently 11.11%.

A number of equities analysts recently weighed in on the company. FIG Partners lowered First Internet Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. ValuEngine lowered First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded First Internet Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, January 12th. Maxim Group reiterated a “buy” rating and issued a $46.00 price target on shares of First Internet Bancorp in a research report on Friday, January 19th. Finally, BidaskClub lowered First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $44.25.

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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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