6 days Ago By ABMN Staff
First Internet Bancorp ( NASDAQ:INBK – Free Report ) had its price objective decreased by Piper Sandler from $32.00 to $24.00 in a research note released on Monday morning, Benzinga reports.
Piper Sandler currently has a neutral rating on the bank’s stock. INBK has been the topic of several other reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.
00 price objective (down from $45.00) on shares of First Internet Bancorp in a research report on Friday, January 24th. Hovde Group dropped their price target on shares of First Internet Bancorp from $39.
00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, StockNews.
com cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.
25. Read Our Latest Stock Analysis on INBK First Internet Bancorp Price Performance First Internet Bancorp ( NASDAQ:INBK – Get Free Report ) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.
11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.64).
First Internet Bancorp had a return on equity of 5.86% and a net margin of 7.45%.
The business had revenue of $76.83 million during the quarter, compared to the consensus estimate of $26.73 million.
As a group, research analysts anticipate that First Internet Bancorp will post 4.11 earnings per share for the current fiscal year. First Internet Bancorp Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st were issued a $0.06 dividend. The ex-dividend date was Monday, March 31st.
This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.18%.
First Internet Bancorp’s payout ratio is currently 9.96%. Institutional Trading of First Internet Bancorp Hedge funds have recently modified their holdings of the business.
R Squared Ltd acquired a new stake in First Internet Bancorp during the fourth quarter valued at $33,000. Wells Fargo & Company MN lifted its position in shares of First Internet Bancorp by 35.0% in the fourth quarter.
Wells Fargo & Company MN now owns 4,381 shares of the bank’s stock worth $158,000 after buying an additional 1,137 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of First Internet Bancorp by 52,791.7% in the first quarter.
GAMMA Investing LLC now owns 6,347 shares of the bank’s stock worth $170,000 after buying an additional 6,335 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of First Internet Bancorp by 22.5% in the fourth quarter.
SG Americas Securities LLC now owns 5,181 shares of the bank’s stock worth $186,000 after buying an additional 953 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of First Internet Bancorp in the third quarter worth about $203,000. Hedge funds and other institutional investors own 65.
46% of the company’s stock. First Internet Bancorp Company Profile ( Get Free Report ) First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.
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