First Internet Bancorp (INBK) to Release Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect First Internet Bancorp to post earnings of $0.55 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.24. First Internet Bancorp had a return on equity of 4.56% and a net margin of 3.81%. The business had revenue of $27.21 million for the quarter, compared to analysts’ expectations of $24.50 million. On average, analysts expect First Internet Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Internet Bancorp Price Performance

Shares of NASDAQ:INBK opened at $32.07 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.98. The stock’s fifty day simple moving average is $32.27 and its two-hundred day simple moving average is $25.86. First Internet Bancorp has a 1-year low of $9.68 and a 1-year high of $35.72. The stock has a market cap of $277.73 million, a PE ratio of 27.41 and a beta of 0.72.

First Internet Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, March 27th. First Internet Bancorp’s dividend payout ratio (DPR) is presently 20.51%.

Analyst Ratings Changes

Several brokerages have weighed in on INBK. Keefe, Bruyette & Woods raised their price objective on First Internet Bancorp from $29.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. StockNews.com raised First Internet Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Internet Bancorp presently has an average rating of “Hold” and a consensus target price of $29.00.

First Internet Bancorp Company Profile

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.