How to buy First Internet Bancorp (INBK) stock

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 255 staff and has a trailing 12-month revenue of around 0.00.

First Internet Bancorp stock price (NASDAQ: INBK)

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

First Internet Bancorp shares at a glance

• Key figures

Information last updated 2021-07-16.

Latest market close	$33.92
52-week range	$13.85 - $39.72
50-day moving average	$32.00
200-day moving average	$33.33
Wall St. target price	$46.60
PE ratio	9.1813
Dividend yield	$0.24 (0.76%)
Earnings per share (TTM)	$3.42

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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.

Technical Analysis of First Internet Bancorp by TradingView

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 $33.92 from 2021-05-28

1 week (2021-07-12)	N/A
1 month (2021-06-23)	10.27%
3 months (2021-04-19)	N/A
6 months (2021-01-19)	N/A

1 year (2020-07-19)	N/A
2 years (2019-07-19)	N/A
3 years (2018-07-19)	N/A
5 years (2016-07-19)	N/A

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 9x. In other words, First Internet Bancorp shares trade at around 9x 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	$99.8 million
Operating margin TTM	44.23%
Gross profit TTM	$92 million
Return on assets TTM	0.81%
Return on equity TTM	10.43%
Profit margin	33.95%
Book value	$35.08
Market capitalisation	$309.4 million

TTM: trailing 12 months

Shorting First Internet Bancorp shares

There are currently 80,076 First Internet Bancorp shares held short by investors – that's known as First Internet Bancorp's "short interest". This figure is 37.6% down from 128,240 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 44240.883977901). First Internet Bancorp's SIR currently stands at 1.81. In other words for every 100,000 First Internet Bancorp shares traded daily on the market, roughly 1810 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 0.0093% of the tradable shares (for every 100,000 tradable First Internet Bancorp shares, roughly 9 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

Dividend payout ratio: 6.67% of net profits

Recently First Internet Bancorp has paid out, on average, around 6.67% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.78% 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 0.78% 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 14 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 June 2021 (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 23 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 $13.8521 up to $39.7236. A popular way to gauge a stock's volatility is its "beta".

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 0.8232. 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 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.

Frequently asked questions

What percentage of First Internet Bancorp is owned by insiders or institutions?
Currently 6.544% of First Internet Bancorp shares are held by insiders and 74.452% by institutions. How many people work for First Internet Bancorp?
Latest data suggests 255 work at First Internet Bancorp. When does the fiscal year end for First Internet Bancorp?
First Internet Bancorp's fiscal year ends in December. Where is First Internet Bancorp based?
First Internet Bancorp's address is: 11201 USA Parkway, Fishers, IN, United States, 46037 What is First Internet Bancorp's ISIN number?
First Internet Bancorp's international securities identification number is: US3205571017 What is First Internet Bancorp's CUSIP number?
First Internet Bancorp's Committee on Uniform Securities Identification Procedures number is: 320557101