First Internet Bancorp (NASDAQ:INBK) is scheduled to post its quarterly earnings results after the market closes on Wednesday, January 17th. Analysts expect First Internet Bancorp to post earnings of $0.61 per share for the quarter.
First Internet Bancorp (NASDAQ:INBK) last posted its earnings results on Friday, October 20th. The bank reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. First Internet Bancorp had a net margin of 17.60% and a return on equity of 8.87%. The firm had revenue of $17.33 million during the quarter, compared to the consensus estimate of $16.90 million. On average, analysts expect First Internet Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of First Internet Bancorp (INBK) opened at $39.25 on Wednesday. First Internet Bancorp has a 1-year low of $25.48 and a 1-year high of $41.20. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.01 and a quick ratio of 0.99. The firm has a market cap of $330.13, a P/E ratio of 16.42 and a beta of 0.13.
An institutional investor recently raised its position in First Internet Bancorp stock. State Street Corp raised its holdings in First Internet Bancorp (NASDAQ:INBK) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,075 shares of the bank’s stock after buying an additional 6,924 shares during the period. State Street Corp owned approximately 1.20% of First Internet Bancorp worth $2,189,000 as of its most recent SEC filing. 63.87% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet raised shares of First Internet Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, November 16th. Maxim Group raised their price target on shares of First Internet Bancorp from $37.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Hovde Group raised 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. First Internet Bancorp has a consensus rating of “Buy” and an average price target of $43.75.
First Internet Bancorp Company Profile
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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