Somewhat Positive News Coverage Somewhat Unlikely to Affect First Internet Bancorp (INBK) Share Price
News headlines about First Internet Bancorp (NASDAQ:INBK) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Internet Bancorp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the bank an impact score of 44.9032977653859 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
INBK has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of First Internet Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 27th. BidaskClub cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Sandler O’Neill reiterated a “buy” rating and issued a $43.00 target price on shares of First Internet Bancorp in a research report on Friday, April 20th. Maxim Group reiterated a “buy” rating on shares of First Internet Bancorp in a research report on Friday, April 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of First Internet Bancorp in a research report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $45.00.
First Internet Bancorp traded down $0.10, hitting $34.05, during midday trading on Wednesday, Marketbeat.com reports. 708 shares of the stock were exchanged, compared to its average volume of 82,853. First Internet Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $42.40. The stock has a market cap of $348.21 million, a P/E ratio of 14.27 and a beta of 0.10. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 2.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, June 28th. First Internet Bancorp’s payout ratio is currently 10.04%.
About First Internet Bancorp
First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services in the United States. The company offers savings accounts, non-interest bearing and interest-bearing demand deposits, money market accounts, brokered deposit accounts, and certificates of deposit.
Receive News & Ratings for First Internet Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Internet Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.