Analysts See $0.73 EPS for First Internet Bancorp (INBK)

June 15, 2018 - By Deanna Todd

First Internet Bancorp (NASDAQ:INBK) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 1.07, from 2 in 2017Q4. It turned negative, as 8 investors sold First Internet Bancorp shares while 32 reduced holdings. 11 funds opened positions while 26 raised stakes. 5.61 million shares or 2.26% less from 5.74 million shares in 2017Q4 were reported.
Fincl Bank Of America Corp De holds 0% or 3,234 shares. 332,787 were accumulated by Heartland Advsrs. Buckhead Cap Limited Liability holds 0.13% of its portfolio in First Internet Bancorp (NASDAQ:INBK) for 15,790 shares. Brandywine Glob Investment Ltd invested in 0% or 16,514 shares. Moreover, Fuller Thaler Asset Management has 0.01% invested in First Internet Bancorp (NASDAQ:INBK). Massachusetts-based Rhumbline Advisers has invested 0% in First Internet Bancorp (NASDAQ:INBK). Legal And General Public Lc holds 0% in First Internet Bancorp (NASDAQ:INBK) or 1,414 shares. American Grp Inc owns 5,095 shares or 0% of their US portfolio. Blackrock Incorporated reported 0% stake. Clarivest Asset Lc has invested 0.04% in First Internet Bancorp (NASDAQ:INBK). Millennium Management Llc accumulated 0% or 61,906 shares. State Common Retirement Fund has invested 0% in First Internet Bancorp (NASDAQ:INBK). Jpmorgan Chase holds 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK) for 116,722 shares. Goldman Sachs Group reported 15,975 shares. Teton owns 0.11% invested in First Internet Bancorp (NASDAQ:INBK) for 32,000 shares.

Analysts expect First Internet Bancorp (NASDAQ:INBK) to report $0.73 EPS on July, 19.They anticipate $0.12 EPS change or 19.67 % from last quarter’s $0.61 EPS. INBK’s profit would be $7.27M giving it 11.97 P/E if the $0.73 EPS is correct. After having $0.71 EPS previously, First Internet Bancorp’s analysts see 2.82 % EPS growth. The stock increased 0.58% or $0.2 during the last trading session, reaching $34.95. About 120,267 shares traded or 183.59% up from the average. First Internet Bancorp (NASDAQ:INBK) has risen 34.27% since June 15, 2017 and is uptrending. It has outperformed by 21.70% the S&P500.

First Internet Bancorp (NASDAQ:INBK) Ratings Coverage

Among 6 analysts covering First Internet Bancorp (NASDAQ:INBK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. First Internet Bancorp had 10 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of INBK in report on Monday, February 26 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $48.0 target in Thursday, December 21 report. The stock of First Internet Bancorp (NASDAQ:INBK) has “Buy” rating given on Monday, January 22 by Hovde Group. Keefe Bruyette & Woods maintained First Internet Bancorp (NASDAQ:INBK) rating on Friday, April 20. Keefe Bruyette & Woods has “Buy” rating and $4800 target. The firm has “Buy” rating by Sandler O’Neill given on Friday, April 20. The stock has “Buy” rating by Maxim Group on Friday, April 20. On Friday, January 19 the stock rating was maintained by Maxim Group with “Buy”. The rating was downgraded by FIG Partners on Monday, January 22 to “Market Perform”. The company was maintained on Friday, January 19 by Keefe Bruyette & Woods.

First Internet Bancorp operates as a bank holding firm for First Internet Bank of Indiana that provides commercial and retail banking services and products in the United States. The company has market cap of $347.96 million. The firm offers savings accounts, non-interest bearing and interest-bearing accounts, money market accounts, brokered deposit accounts, and certificates of deposit. It has a 16.41 P/E ratio. It also provides loans to individuals, including residential real estate loans, home equity loans and lines of credit, and consumer loans; and loans to commercial clients, such as commercial real estate loans, commercial and industrial loans, public and single tenant lease financing, investor commercial real estate and construction loans, lines of credit, term loans, owner-occupied commercial real estate loans, letters of credit, and municipal lending and leasing products, as well as corporate credit card and treasury management services.

More important recent First Internet Bancorp (NASDAQ:INBK) news were published by: which released: “First Internet Bancorp (INBK) Prices 1.5M Common Stock Offering at $33.25/Share” on June 07, 2018, also published article titled: “First Internet Bancorp Announces Closing of Common Stock Offering”, published: “Market Trends Toward New Normal in CPB, Deciphera Pharmaceuticals, Masonite International, First Internet, Duluth …” on May 18, 2018. More interesting news about First Internet Bancorp (NASDAQ:INBK) was released by: and their article: “New Research Coverage Highlights Accenture, Chico’s FAS, The Allstate, Sangamo Therapeutics, ABB, and First …” with publication date: June 13, 2018.

First Internet Bancorp (NASDAQ:INBK) Institutional Positions Chart

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