10 hours Ago By ABMN Staff
Empowered Funds LLC bought a new stake in First Internet Bancorp ( NASDAQ:INBK – Free Report ) in the 4th quarter, Holdings Channel.com reports. The firm bought 7,242 shares of the bank’s stock, valued at approximately $261,000.
Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Internet Bancorp in the 3rd quarter valued at about $469,000.
Jane Street Group LLC acquired a new stake in First Internet Bancorp in the 3rd quarter valued at about $203,000. JPMorgan Chase & Co. lifted its stake in First Internet Bancorp by 37.
7% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,086 shares of the bank’s stock valued at $585,000 after purchasing an additional 4,675 shares during the last quarter.
Barclays PLC lifted its stake in First Internet Bancorp by 20.5% in the 3rd quarter. Barclays PLC now owns 20,286 shares of the bank’s stock valued at $696,000 after purchasing an additional 3,447 shares during the last quarter.
Finally, State Street Corp lifted its stake in First Internet Bancorp by 8.9% in the 3rd quarter. State Street Corp now owns 106,282 shares of the bank’s stock valued at $3,648,000 after purchasing an additional 8,701 shares during the last quarter.
65.46% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on INBK shares.
Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 target price (down from $45.00) on shares of First Internet Bancorp in a research note on Friday, January 24th.
Piper Sandler lowered their price target on shares of First Internet Bancorp from $42.50 to $38.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.
First Internet Bancorp Stock Down 2.4 % First Internet Bancorp stock opened at $30.57 on Friday.
The stock has a market cap of $264.95 million, a P/E ratio of 10.58 and a beta of 0.
73. The company has a quick ratio of 0.98, a current ratio of 0.
99 and a debt-to-equity ratio of 1.61. First Internet Bancorp has a twelve month low of $24.
18 and a twelve month high of $43.26. The company’s 50-day moving average price is $34.
73 and its two-hundred day moving average price is $35.80. First Internet Bancorp ( NASDAQ:INBK – Get Free Report ) last announced its earnings results on Wednesday, January 22nd.
The bank reported $0.41 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.
51). First Internet Bancorp had a return on equity of 5.86% and a net margin of 7.
45%. As a group, analysts expect that First Internet Bancorp will post 4.11 EPS for the current year.
First Internet Bancorp Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.06 per share.
The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.
79%. First Internet Bancorp’s dividend payout ratio is presently 8.30%.
First Internet Bancorp Company Profile ( Free Report ) 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, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit. Recommended Stories Want to see what other hedge funds are holding INBK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Internet Bancorp ( NASDAQ:INBK – Free Report ). Receive News & Ratings for First Internet Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Internet Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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