2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in First Internet Bancorp ( NASDAQ:INBK – Free Report ) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 71,594 shares of the bank’s stock after selling 1,459 shares during the quarter. Russell Investments Group Ltd.’s holdings in First Internet Bancorp were worth $2,577,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in INBK. R Squared Ltd bought a new position in First Internet Bancorp in the fourth quarter valued at approximately $33,000. Wells Fargo & Company MN boosted its holdings in shares of First Internet Bancorp by 35.
0% in the 4th quarter. Wells Fargo & Company MN now owns 4,381 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,137 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of First Internet Bancorp by 22.
5% in the 4th quarter. SG Americas Securities LLC now owns 5,181 shares of the bank’s stock valued at $186,000 after purchasing an additional 953 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of First Internet Bancorp during the 3rd quarter worth $201,000.
Finally, Jane Street Group LLC bought a new stake in shares of First Internet Bancorp during the 3rd quarter worth $203,000. 65.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of research analysts have issued reports on the company. StockNews.com cut First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th.
Piper Sandler lowered their price objective on shares of First Internet Bancorp from $42.50 to $38.00 and set a “neutral” rating for the company in a research report on Monday, January 27th.
Hovde Group cut their target price on shares of First Internet Bancorp from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.
Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $40.00 price target (down from $45.00) on shares of First Internet Bancorp in a report on Friday, January 24th.
Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.50.
First Internet Bancorp Stock Up 2.7 % NASDAQ:INBK opened at $23.80 on Friday.
First Internet Bancorp has a one year low of $21.76 and a one year high of $43.26.
The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.
98. The company has a market cap of $206.99 million, a PE ratio of 8.
24 and a beta of 0.52. The firm’s 50 day simple moving average is $27.
60 and its 200 day simple moving average is $33.60. First Internet Bancorp ( NASDAQ:INBK – Get Free Report ) last issued its quarterly earnings results on Wednesday, January 22nd.
The bank reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.
51). First Internet Bancorp had a return on equity of 5.86% and a net margin of 7.
45%. On average, research analysts anticipate that First Internet Bancorp will post 4.11 earnings per share for the current year.
First Internet Bancorp Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given 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.
01%. First Internet Bancorp’s dividend payout ratio (DPR) is presently 8.30%.
About First Internet Bancorp ( 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. Featured Articles Want to see what other hedge funds are holding INBK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Internet Bancorp ( NASDAQ:INBK – Free Report ). Receive News & Ratings for First Internet Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Internet Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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