$0.73 EPS Expected for First Internet Bancorp (INBK)

June 15, 2018 - By David Engel

First Internet Bancorp (NASDAQ:INBK) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 1.07, from 2 in 2017Q4. It turned negative, 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.
Manufacturers Life Insur Company The holds 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK) for 6,437 shares. Geode Mgmt Limited Liability Corp owns 74,201 shares for 0% of their portfolio. Bowling Port Management holds 24,566 shares. State Street stated it has 0% in First Internet Bancorp (NASDAQ:INBK). Kistler reported 181 shares or 0% of all its holdings. Legal General Group Inc Public Ltd owns 1,414 shares. 7,204 are owned by Rhumbline Advisers. Moreover, Jpmorgan Chase Communication has 0% invested in First Internet Bancorp (NASDAQ:INBK). 139,330 were reported by Argent Cap Limited Liability Company. Hotchkis And Wiley Cap Management Ltd Company invested in 0.01% or 43,762 shares. California Pub Employees Retirement has invested 0% in First Internet Bancorp (NASDAQ:INBK). Signia Management Ltd invested 4.3% in First Internet Bancorp (NASDAQ:INBK). Foundry Prns Llc holds 0.29% in First Internet Bancorp (NASDAQ:INBK) or 183,062 shares. Goldman Sachs reported 15,975 shares. Schwab Charles Mgmt invested in 0% or 15,267 shares.

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 11.97 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 increased 0.58% or $0.2 during the last trading session, reaching $34.95. About 120,267 shares traded or 183.59% up from the average. First Internet Bancorp (NASDAQ:INBK) has risen 34.27% since June 15, 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. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Hovde Group maintained the shares of INBK in report on Monday, January 22 with “Buy” rating. The rating was downgraded by FIG Partners to “Market Perform” on Monday, January 22. As per Friday, January 19, the company rating was maintained by Keefe Bruyette & Woods. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Maxim Group with “Buy” on Friday, April 20. The stock of First Internet Bancorp (NASDAQ:INBK) has “Buy” rating given on Friday, April 20 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Friday, January 19 by Maxim Group. The stock has “Buy” rating by Sandler O’Neill on Friday, April 20.

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 $347.96 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 16.41 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 important recent First Internet Bancorp (NASDAQ:INBK) news were published by: Streetinsider.com which released: “First Internet Bancorp (INBK) Prices 1.5M Common Stock Offering at $33.25/Share” on June 07, 2018, also Businesswire.com published article titled: “First Internet Bancorp Announces Closing of Common Stock Offering”, Nasdaq.com published: “New Research Coverage Highlights Accenture, Chico’s FAS, The Allstate, Sangamo Therapeutics, ABB, and First …” on June 13, 2018. More interesting news about First Internet Bancorp (NASDAQ:INBK) was released by: Nasdaq.com and their article: “Market Trends Toward New Normal in CPB, Deciphera Pharmaceuticals, Masonite International, First Internet, Duluth …” with publication date: May 18, 2018.

First Internet Bancorp (NASDAQ:INBK) Institutional Positions Chart

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