Headlines about First Internet Bancorp (NASDAQ:INBK) have trended somewhat negative recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Internet Bancorp earned a coverage optimism score of -0.03 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 47.2795922641079 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
First Internet Bancorp (NASDAQ:INBK) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The firm had revenue of $15.71 million during the quarter, compared to analyst estimates of $15.00 million. First Internet Bancorp had a return on equity of 8.91% and a net margin of 16.58%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. First Internet Bancorp’s payout ratio is 10.76%.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of First Internet Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $36.00 target price on shares of First Internet Bancorp in a report on Thursday, July 27th.
In related news, Chairman David B. Becker bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of $30.02 per share, for a total transaction of $150,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jerry L. Williams bought 2,100 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were bought at an average price of $30.05 per share, with a total value of $63,105.00. Following the completion of the transaction, the director now directly owns 35,836 shares in the company, valued at approximately $1,076,871.80. The disclosure for this purchase can be found here. 7.60% of the stock is owned by company insiders.
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.
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