First Internet Bancorp (INBK) Announces Earnings Results
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%.
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.
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