First Internet Bancorp (NASDAQ:INBK) announced its quarterly earnings data on Thursday. The bank reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02, Yahoo Finance reports. First Internet Bancorp had a return on equity of 8.87% and a net margin of 17.60%. The firm had revenue of $17.90 million during the quarter, compared to analyst estimates of $19.00 million.

Shares of First Internet Bancorp (NASDAQ INBK) traded down $0.35 during trading on Friday, hitting $40.15. The stock had a trading volume of 15,700 shares, compared to its average volume of 25,092. The firm has a market cap of $340.65 and a price-to-earnings ratio of 16.80. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82. First Internet Bancorp has a fifty-two week low of $25.48 and a fifty-two week high of $42.40.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. First Internet Bancorp’s dividend payout ratio is 10.04%.

An institutional investor recently raised its position in First Internet Bancorp stock. The Manufacturers Life Insurance Company grew its position in shares of First Internet Bancorp (NASDAQ:INBK) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,144 shares of the bank’s stock after buying an additional 159 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of First Internet Bancorp worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 63.87% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. BidaskClub lowered First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet upgraded First Internet Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, November 16th. Finally, Maxim Group raised their price objective on First Internet Bancorp from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $43.75.

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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.

Earnings History for First Internet Bancorp (NASDAQ:INBK)

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