First Internet Bancorp (INBK) EPS Estimated At $0.73

June 18, 2018 - By Graig Alexander

First Internet Bancorp (NASDAQ:INBK) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 1.07, from 2 in 2017Q4. It dropped, 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.
Vanguard Group Inc reported 362,901 shares. Finemark Bancorporation & invested 0.01% of its portfolio in First Internet Bancorp (NASDAQ:INBK). Stieven Limited Partnership has invested 3.63% in First Internet Bancorp (NASDAQ:INBK). Jbf invested in 108,630 shares. 15,267 were accumulated by Schwab Charles Inv Management. Penn Cap invested in 0.25% or 87,312 shares. 3,300 were accumulated by Lsv Asset Mgmt. Stanley holds 0.14% or 16,187 shares. Jpmorgan Chase & stated it has 116,722 shares. 17,430 were accumulated by First Advsrs L P. Teton Advsr invested 0.11% of its portfolio in First Internet Bancorp (NASDAQ:INBK). Emerald Mutual Fund Advisers Trust holds 0.28% of its portfolio in First Internet Bancorp (NASDAQ:INBK) for 190,000 shares. Morgan Stanley invested 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK). First Wilshire Mngmt holds 19,929 shares. Victory Capital Management Inc stated it has 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK).

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 11.66 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 decreased 2.58% or $0.9 during the last trading session, reaching $34.05. About 91,086 shares traded or 102.41% up from the average. First Internet Bancorp (NASDAQ:INBK) has risen 34.27% since June 18, 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. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, April 20. Sandler O’Neill maintained the shares of INBK in report on Friday, April 20 with “Buy” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, February 26. The stock of First Internet Bancorp (NASDAQ:INBK) has “Buy” rating given on Monday, January 22 by Hovde Group. Maxim Group maintained it with “Buy” rating and $46.0 target in Friday, January 19 report. The company was downgraded on Monday, January 22 by FIG Partners. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, January 19. The rating was maintained by Maxim Group with “Buy” on Friday, April 20. Keefe Bruyette & Woods maintained First Internet Bancorp (NASDAQ:INBK) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $48.0 target.

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 $339.00 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 14.09 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 recent First Internet Bancorp (NASDAQ:INBK) news were published by: Businesswire.com which released: “First Internet Bancorp Announces Closing of Common Stock Offering” on June 11, 2018. Also Streetinsider.com published the news titled: “First Internet Bancorp (INBK) Prices 1.5M Common Stock Offering at $33.25/Share” on June 07, 2018. Nasdaq.com‘s news article titled: “New Research Coverage Highlights Accenture, Chico’s FAS, The Allstate, Sangamo Therapeutics, ABB, and First …” with publication date: June 13, 2018 was also an interesting one.

First Internet Bancorp (NASDAQ:INBK) Institutional Positions Chart

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