First Internet Bancorp (NASDAQ: INBK) is one of 319 public companies in the “Banks” industry, but how does it weigh in compared to its rivals? We will compare First Internet Bancorp to related businesses based on the strength of its valuation, institutional ownership, profitability, analyst recommendations, earnings, risk and dividends.
Insider and Institutional Ownership
50.0% of First Internet Bancorp shares are held by institutional investors. Comparatively, 51.7% of shares of all “Banks” companies are held by institutional investors. 7.6% of First Internet Bancorp shares are held by insiders. Comparatively, 10.5% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
This table compares First Internet Bancorp and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|First Internet Bancorp||17.60%||8.87%||0.69%|
|First Internet Bancorp Competitors||18.66%||8.62%||0.93%|
Earnings & Valuation
This table compares First Internet Bancorp and its rivals revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|First Internet Bancorp||$72.98 million||$12.07 million||15.06|
|First Internet Bancorp Competitors||$5.50 billion||$822.45 million||358.36|
First Internet Bancorp’s rivals have higher revenue and earnings than First Internet Bancorp. First Internet Bancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
First Internet Bancorp pays an annual dividend of $0.24 per share and has a dividend yield of 0.7%. First Internet Bancorp pays out 10.0% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 2.0% and pay out 35.0% of their earnings in the form of a dividend.
Volatility and Risk
First Internet Bancorp has a beta of 0.1, suggesting that its stock price is 90% less volatile than the S&P 500. Comparatively, First Internet Bancorp’s rivals have a beta of 0.79, suggesting that their average stock price is 21% less volatile than the S&P 500.
This is a summary of recent ratings for First Internet Bancorp and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|First Internet Bancorp||0||0||3||0||3.00|
|First Internet Bancorp Competitors||2121||8384||8442||329||2.36|
First Internet Bancorp presently has a consensus price target of $43.67, indicating a potential upside of 21.30%. As a group, “Banks” companies have a potential downside of 1.70%. Given First Internet Bancorp’s stronger consensus rating and higher possible upside, analysts clearly believe First Internet Bancorp is more favorable than its rivals.
First Internet Bancorp rivals beat First Internet Bancorp on 10 of the 15 factors compared.
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. The Company also offers commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. It offers residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank’s subsidiary, JKH Realty Services, LLC manages real estate owned properties.
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