Zacks Investment Research upgraded shares of First Internet Bancorp (NASDAQ:INBK) from a hold rating to a buy rating in a report issued on Tuesday. They currently have $32.00 price target on the stock.
According to Zacks, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States. “
INBK has been the subject of several other reports. FIG Partners reaffirmed an outperform rating on shares of First Internet Bancorp in a research note on Wednesday, September 7th. Maxim Group dropped their price objective on shares of First Internet Bancorp from $37.00 to $33.00 and set a buy rating for the company in a research note on Monday, July 25th.
First Internet Bancorp (NASDAQ:INBK) opened at 28.85 on Tuesday. The stock has a market cap of $159.63 million, a PE ratio of 13.39 and a beta of -0.15. First Internet Bancorp has a 12 month low of $22.01 and a 12 month high of $33.00. The company’s 50 day moving average is $25.85 and its 200 day moving average is $24.38.
First Internet Bancorp Company Profile
First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet.