NASDAQ:INBK - First Internet Bancorp Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $33.00
Forecasted Upside: 10.11 %
Number of Analysts: 2
Breakdown:
0 Sell Ratings
0 Hold Ratings
2 Buy Ratings
0 Strong Buy Ratings

^$29.97 As of 07/23/2021 01:00 AM ET

▼ -0.58 (-1.90%)

1 month | 3 months | 12 months

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Analyst Price Target for INBK

^$33.00

▲ +10.11% Upside Potential

This price target is based on 2 analysts offering 12 month price targets for First Internet Bancorp in the last 3 months. The average price target is $33.00, with a high forecast of $36.00 and a low forecast of $30.00. The average price target represents a 10.11% upside from the last price of $29.97.

Current Consensus is Buy

The current consensus among 2 contributing investment analysts is to buy stock in First Internet Bancorp. This rating has held steady since November 2019, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
3 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

1/30/2020

0 strong buy ratings
3 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

4/29/2020

0 strong buy ratings
4 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

7/28/2020

0 strong buy ratings
4 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

10/26/2020

0 strong buy ratings
3 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

1/24/2021

0 strong buy ratings
3 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

4/24/2021

0 strong buy ratings
2 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

6/23/2021

0 strong buy ratings
2 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

7/23/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
2/1/2021	Janney Montgomery Scott	Upgrade	Neutral ➝ Buy	$36.00	Low
11/10/2020	Janney Montgomery Scott	Downgrade	Buy ➝ Neutral		High
10/26/2020	Piper Sandler	Boost Price Target	Overweight	$19.00 ➝ $30.00	Low
9/29/2020	Piper Sandler	Lower Price Target	Overweight	$20.00 ➝ $19.00	Low
7/24/2020	Piper Sandler	Lower Price Target	Overweight	$21.00 ➝ $20.00	Low
7/24/2020	Janney Montgomery Scott	Upgrade	Neutral ➝ Buy		Medium
4/24/2020	Piper Sandler	Lower Price Target	Overweight	$23.00 ➝ $18.00	High
4/24/2020	Craig Hallum	Lower Price Target	Buy	$33.00 ➝ $30.00	High
1/27/2020	Piper Sandler	Boost Price Target	Overweight	$30.00 ➝ $33.00	Low
1/14/2020	Hovde Group	Upgrade	Market Perform ➝ Outperform	$29.00	Low
12/23/2019	Craig Hallum	Initiated Coverage	Buy	$33.00	Medium
4/29/2019	Maxim Group	Reiterated Rating	Hold		Low
1/28/2019	Hovde Group	Downgrade	Outperform ➝ Market Perform	$22.00	Low
1/25/2019	FIG Partners	Downgrade	Outperform ➝ Market Perform		High
1/25/2019	Maxim Group	Downgrade	Buy ➝ Hold		High
1/4/2019	FIG Partners	Upgrade	Market Perform ➝ Outperform	$28.00	High
10/26/2018	Maxim Group	Reiterated Rating	Buy	$38.00 ➝ $30.00	Medium
10/25/2018	Craig Hallum	Set Price Target	Buy	$45.00	Medium
7/23/2018	FIG Partners	Downgrade	Outperform ➝ Market-Perform		Medium
6/14/2018	FIG Partners	Upgrade	Market-Perform ➝ Outperform		Low
5/21/2018	Craig Hallum	Initiated Coverage	Buy	$50.00	Low
4/20/2018	Keefe, Bruyette & Woods	Reiterated Rating	Buy		Low
4/20/2018	Maxim Group	Reiterated Rating	Buy		Low
4/20/2018	Sandler O'Neill	Reiterated Rating	Buy	$43.00	Medium
1/22/2018	FIG Partners	Downgrade	Outperform ➝ Market Perform		High
1/19/2018	Maxim Group	Reiterated Rating	Buy	$46.00	Low
10/23/2017	Maxim Group	Boost Price Target	Buy	$37.00 ➝ $44.00	N/A
10/23/2017	Hovde Group	Boost Price Target	Outperform ➝ Outperform	$37.00 ➝ $43.00	N/A
10/20/2017	Keefe, Bruyette & Woods	Reiterated Rating	Buy	$44.00	N/A
7/27/2017	Keefe, Bruyette & Woods	Reiterated Rating	Buy	$36.00	Medium
6/26/2017	Keefe, Bruyette & Woods	Reiterated Rating	Buy	$36.00	Medium
4/24/2017	Maxim Group	Reiterated Rating	Buy	$37.00	Medium
4/17/2017	Hovde Group	Initiated Coverage	Outperform ➝ Outperform	$32.50	Medium
1/10/2017	Keefe, Bruyette & Woods	Initiated Coverage	Outperform	$36.00	N/A
9/7/2016	FIG Partners	Reiterated Rating	Outperform		N/A
7/25/2016	Maxim Group	Lower Price Target	Buy	$37.00 ➝ $33.00	N/A

(Data available from 7/23/2016 forward)

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accept non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity and improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; and credit and debit cards. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its Website, firstib.com. First Internet Bancorp was founded in 1999 and is based in Fishers, Indiana.

Today's Range

Now: $29.97

$29.76

$30.65

50 Day Range

MA: $32.27

$29.94

$35.36

52 Week Range

Now: $29.97

$13.99

$41.55

Volume

33,241 shs

Average Volume

36,415 shs

Market Capitalization

$295.32 million

P/E Ratio

6.91

Dividend Yield

0.79%

Beta

0.81

Frequently Asked Questions

What sell-side analysts currently cover shares of First Internet Bancorp?

The following Wall Street sell-side analysts have issued reports on First Internet Bancorp in the last year: Janney Montgomery Scott, Piper Sandler, and Zacks Investment Research.
View the latest analyst ratings for INBK.

What is the current price target for First Internet Bancorp?

2 Wall Street analysts have set twelve-month price targets for First Internet Bancorp in the last year. Their average twelve-month price target is $33.00, suggesting a possible upside of 8.0%. Janney Montgomery Scott has the highest price target set, predicting INBK will reach $36.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $30.00 for First Internet Bancorp in the next year.
View the latest price targets for INBK.

What is the current consensus analyst rating for First Internet Bancorp?

First Internet Bancorp currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe INBK will outperform the market and that investors should add to their positions of First Internet Bancorp.
View the latest ratings for INBK.

What other companies compete with First Internet Bancorp?

Other companies that are similar to First Internet Bancorp include Customers Bancorp, TriCo Bancshares, Southside Bancshares, S&T Bancorp, OFG Bancorp, Merchants Bancorp, Tompkins Financial, First Bancorp, 1st Source, Stock Yards Bancorp, Premier Financial, ConnectOne Bancorp, Republic Bancorp, First Foundation and German American Bancorp.

How do I contact First Internet Bancorp's investor relations team?

First Internet Bancorp's physical mailing address is 11201 USA PARKWAY, FISHERS IN, 46037. The bank's listed phone number is 317-532-7900 and its investor relations email address is [email protected] The official website for First Internet Bancorp is www.firstinternetbancorp.com.