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How to buy First Internet Bancorp stock | $28.74

Own First Internet Bancorp stock in just a few minutes.

Fact checked

First Internet Bancorp is a banks-regional business based in the US. First Internet Bancorp shares (INBK) are listed on the NASDAQ and all prices are listed in US Dollars. First Internet Bancorp employs 227 staff and has a trailing 12-month revenue of around USD$83.6 million.

How to buy shares in First Internet Bancorp

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for First Internet Bancorp. Find the stock by name or ticker symbol: INBK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until First Internet Bancorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$28.74, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of First Internet Bancorp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of First Internet Bancorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

First Internet Bancorp share price

Use our graph to track the performance of INBK stocks over time.

First Internet Bancorp shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$28.74
52-week rangeUSD$10.3508 - USD$29.74
50-day moving average USD$26.9509
200-day moving average USD$19.0487
Wall St. target priceUSD$35
PE ratio 11.1617
Dividend yield USD$0.24 (0.83%)
Earnings per share (TTM) USD$2.591

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy First Internet Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

First Internet Bancorp price performance over time

Historical closes compared with the close of $28.74 from 2020-12-31

1 week (2021-01-12) -6.38%
1 month (2020-12-22) -0.59%
3 months (2020-10-20) 62.93%
6 months (2020-07-20) 92.76%
1 year (2020-01-18) N/A
2 years (2019-01-18) 17.31%
3 years (2018-01-19) 41.35
5 years (2016-01-20) 19.70%

Is First Internet Bancorp under- or over-valued?

Valuing First Internet Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Internet Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

First Internet Bancorp's P/E ratio

First Internet Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, First Internet Bancorp shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

First Internet Bancorp financials

Revenue TTM USD$83.6 million
Operating margin TTM 38.11%
Gross profit TTM USD$73.8 million
Return on assets TTM 0.6%
Return on equity TTM 8.3%
Profit margin 30.46%
Book value $32.458
Market capitalisation USD$283.4 million

TTM: trailing 12 months

Shorting First Internet Bancorp shares

There are currently 106,852 First Internet Bancorp shares held short by investors – that's known as First Internet Bancorp's "short interest". This figure is 0.1% down from 106,973 last month.

There are a few different ways that this level of interest in shorting First Internet Bancorp shares can be evaluated.

First Internet Bancorp's "short interest ratio" (SIR)

First Internet Bancorp's "short interest ratio" (SIR) is the quantity of First Internet Bancorp shares currently shorted divided by the average quantity of First Internet Bancorp shares traded daily (recently around 25747.469879518). First Internet Bancorp's SIR currently stands at 4.15. In other words for every 100,000 First Internet Bancorp shares traded daily on the market, roughly 4150 shares are currently held short.

However First Internet Bancorp's short interest can also be evaluated against the total number of First Internet Bancorp shares, or, against the total number of tradable First Internet Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First Internet Bancorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 First Internet Bancorp shares in existence, roughly 10 shares are currently held short) or 0.0114% of the tradable shares (for every 100,000 tradable First Internet Bancorp shares, roughly 11 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against First Internet Bancorp.

Find out more about how you can short First Internet Bancorp stock.

First Internet Bancorp share dividends

9%

Dividend payout ratio: 8.66% of net profits

Recently First Internet Bancorp has paid out, on average, around 8.66% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), First Internet Bancorp shareholders could enjoy a 0.83% return on their shares, in the form of dividend payments. In First Internet Bancorp's case, that would currently equate to about $0.24 per share.

While First Internet Bancorp's payout ratio might seem low, this can signify that First Internet Bancorp is investing more in its future growth.

First Internet Bancorp's most recent dividend payout was on 15 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").

Have First Internet Bancorp's shares ever split?

First Internet Bancorp's shares were split on a 15:10 basis on 24 June 2013. So if you had owned 10 shares the day before before the split, the next day you'd have owned 15 shares. This wouldn't directly have changed the overall worth of your First Internet Bancorp shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for First Internet Bancorp shares which in turn could have impacted First Internet Bancorp's share price.

First Internet Bancorp share price volatility

Over the last 12 months, First Internet Bancorp's shares have ranged in value from as little as $10.3508 up to $29.74. A popular way to gauge a stock's volatility is its "beta".

INBK.US volatility(beta: 0.79)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while First Internet Bancorp's is 0.7948. This would suggest that First Internet Bancorp's shares are less volatile than average (for this exchange).

First Internet Bancorp overview

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

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