First Internet Bancorp (INBK) Earning Somewhat Favorable Press Coverage, Accern Reports

News headlines about First Internet Bancorp (NASDAQ:INBK) have trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Internet Bancorp earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.3487440429396 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

First Internet Bancorp (NASDAQ INBK) opened at $40.95 on Friday. First Internet Bancorp has a 12-month low of $25.48 and a 12-month high of $42.40. The stock has a market cap of $341.91 and a P/E ratio of 17.13. 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 (NASDAQ:INBK) last announced its earnings results on Friday, October 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $17.33 million for the quarter, compared to analyst estimates of $16.90 million. research analysts anticipate that First Internet Bancorp will post 2.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, December 28th. First Internet Bancorp’s dividend payout ratio (DPR) is 10.04%.

INBK has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $44.00 target price on shares of First Internet Bancorp in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of First Internet Bancorp from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, November 21st. TheStreet upgraded shares of First Internet Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, November 16th. Maxim Group upped their target price on shares of First Internet Bancorp from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, BidaskClub lowered shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. First Internet Bancorp has a consensus rating of “Buy” and a consensus target price of $43.75.

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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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