Analyst Price Target is $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
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.
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.