News coverage about First Internet Bancorp (NASDAQ:INBK) has trended somewhat negative recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Internet Bancorp earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave news stories about the bank an impact score of 47.0000900079949 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several research analysts recently issued reports on the company. Zacks Investment Research raised First Internet Bancorp from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $36.00 price objective on shares of First Internet Bancorp in a research note on Monday, June 26th.

First Internet Bancorp (NASDAQ:INBK) opened at 34.55 on Friday. First Internet Bancorp has a 52 week low of $23.93 and a 52 week high of $35.20. The company has a 50-day moving average price of $31.40 and a 200 day moving average price of $29.33. The company has a market cap of $225.02 million, a PE ratio of 15.56 and a beta of -0.06.

First Internet Bancorp (NASDAQ:INBK) last announced its earnings results on Thursday, July 20th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $15.71 million for the quarter, compared to analyst estimates of $15.00 million. First Internet Bancorp had a return on equity of 8.91% and a net margin of 16.58%. On average, equities research analysts forecast that First Internet Bancorp will post $2.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, September 28th. First Internet Bancorp’s payout ratio is 10.76%.

In other news, Director Jerry L. Williams bought 2,100 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were bought at an average price of $30.05 per share, with a total value of $63,105.00. Following the completion of the transaction, the director now directly owns 35,836 shares in the company, valued at $1,076,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David B. Becker bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of $30.02 per share, for a total transaction of $150,100.00. The disclosure for this purchase can be found here. 7.60% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for First Internet Bancorp (NASDAQ:INBK)

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