Benchmark Issues Positive Forecast for First Internet Bancorp (NASDAQ:INBK) Stock Price

First Internet Bancorp (NASDAQ:INBK) had its price target upped by equities researchers at Benchmark from $33.00 to $35.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Benchmark’s price objective would indicate a potential upside of 21.74% from the company’s current price.

A number of other analysts have also recently commented on the stock. Wall Street Zen upgraded shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Keefe, Bruyette & Woods increased their price target on First Internet Bancorp from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, Piper Sandler lifted their target price on First Internet Bancorp from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, First Internet Bancorp presently has an average rating of “Hold” and a consensus target price of $28.50.

First Internet Bancorp Price Performance

Shares of NASDAQ INBK opened at $28.75 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The business has a 50-day moving average of $25.98 and a 200-day moving average of $23.30. The stock has a market capitalization of $250.61 million, a price-to-earnings ratio of -6.90 and a beta of 0.83. First Internet Bancorp has a fifty-two week low of $17.05 and a fifty-two week high of $28.88.

First Internet Bancorp (NASDAQ:INBK) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. First Internet Bancorp had a negative return on equity of 1.14% and a negative net margin of 9.60%.The firm had revenue of $41.12 million during the quarter, compared to the consensus estimate of $43.83 million. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, sell-side analysts predict that First Internet Bancorp will post 1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of First Internet Bancorp by 78.5% during the first quarter. Royal Bank of Canada now owns 13,789 shares of the bank’s stock valued at $369,000 after acquiring an additional 6,064 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of First Internet Bancorp by 81.4% in the 1st quarter. Empowered Funds LLC now owns 13,135 shares of the bank’s stock worth $352,000 after purchasing an additional 5,893 shares in the last quarter. Jane Street Group LLC acquired a new stake in First Internet Bancorp in the 1st quarter valued at $297,000. First Trust Advisors LP increased its stake in First Internet Bancorp by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 31,683 shares of the bank’s stock valued at $852,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in First Internet Bancorp during the second quarter worth $236,000. Institutional investors own 65.46% of the company’s stock.

First Internet Bancorp News Summary

Here are the key news stories impacting First Internet Bancorp this week:

• Positive Sentiment: First Internet Bancorp reported second-quarter net income of $2.4 million, or $0.27 per diluted share, compared with $0.2 million, or $0.02 per share, a year earlier. The result exceeded analyst expectations and reflected a 23% increase in revenue to $41.1 million. First Internet Bancorp Q2 net income rises to $2.4 million
• Positive Sentiment: Management raised or reaffirmed full-year 2026 diluted EPS guidance at $2.35-$2.45, above the approximately $2.10 analyst consensus, which may support estimates and investor confidence. First Internet Bancorp earnings and guidance
• Positive Sentiment: Credit trends improved: provision for credit losses declined to $13.4 million from $16.3 million in the first quarter, while nonperforming loans fell to 1.58% of total loans from 1.63%. Loans also increased about 1% sequentially to $3.8 billion. First Internet Bancorp Reports Second Quarter 2026 Results
• Neutral Sentiment: The earnings call provided management’s discussion of the second-quarter results, credit performance and 2026 outlook, giving investors additional context for the updated guidance. First Internet Bancorp Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Recent coverage highlighted First Internet Bank’s efforts to bring artificial-intelligence-powered financial intelligence and banking tools directly to customers. The initiative could improve customer engagement over time, but its near-term financial effect is unclear. First Internet Bank Puts AI-Powered Financial Intelligence Directly in Customers’ Hands
• Negative Sentiment: Quarterly revenue of $41.1 million fell short of the roughly $43.8 million consensus estimate. Deposits declined $150.3 million, or 3%, from the prior quarter, which could increase funding pressure. First Internet Bancorp quarterly earnings results

First Internet Bancorp Company Profile

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).