Analysts’ Recent Ratings Changes for First Internet Bancorp (INBK)

First Internet Bancorp (NASDAQ: INBK) has recently received a number of price target changes and ratings updates:

• 10/28/2025 – First Internet Bancorp was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating.
• 10/27/2025 – First Internet Bancorp had its price target lowered by analysts at Piper Sandler from $25.50 to $22.00. They now have a “neutral” rating on the stock.
• 10/24/2025 – First Internet Bancorp had its price target lowered by analysts at Keefe, Bruyette & Woods from $27.00 to $25.00. They now have a “market perform” rating on the stock.
• 10/24/2025 – First Internet Bancorp had its price target lowered by analysts at Hovde Group from $29.00 to $26.00. They now have an “outperform” rating on the stock.
• 10/8/2025 – First Internet Bancorp had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 9/27/2025 – First Internet Bancorp had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 9/25/2025 – First Internet Bancorp was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating.

First Internet Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.06 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. First Internet Bancorp’s dividend payout ratio is presently -6.32%.

Insider Activity

In related news, Director John K. Keach, Jr. bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of $19.34 per share, with a total value of $38,680.00. Following the transaction, the director directly owned 37,046 shares of the company’s stock, valued at approximately $716,469.64. This represents a 5.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David B. Becker acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was bought at an average price of $18.67 per share, with a total value of $93,350.00. Following the purchase, the chief executive officer directly owned 419,194 shares of the company’s stock, valued at $7,826,351.98. This represents a 1.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 8,110 shares of company stock worth $151,943 in the last three months. Corporate insiders own 8.00% of the company’s stock.

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.