First Internet Bancorp (INBK) Holdings Held by California Public Employees Retirement System

California Public Employees Retirement System maintained its stake in shares of First Internet Bancorp (NASDAQ:INBK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,300 shares of the bank’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned approximately 0.11% of First Internet Bancorp worth $205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kennedy Capital Management Inc. lifted its holdings in First Internet Bancorp by 6.6% in the second quarter. Kennedy Capital Management Inc. now owns 266,218 shares of the bank’s stock worth $7,467,000 after buying an additional 16,467 shares during the period. Vanguard Group Inc. lifted its holdings in First Internet Bancorp by 1.1% in the second quarter. Vanguard Group Inc. now owns 255,203 shares of the bank’s stock worth $7,158,000 after buying an additional 2,760 shares during the period. Heartland Advisors Inc. increased its position in shares of First Internet Bancorp by 0.7% during the second quarter. Heartland Advisors Inc. now owns 226,500 shares of the bank’s stock valued at $6,353,000 after acquiring an additional 1,500 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of First Internet Bancorp by 239.6% during the 2nd quarter. Franklin Resources Inc. now owns 186,800 shares of the bank’s stock valued at $5,240,000 after buying an additional 131,800 shares in the last quarter. Finally, Signia Capital Management LLC lifted its stake in shares of First Internet Bancorp by 4.3% during the 2nd quarter. Signia Capital Management LLC now owns 125,340 shares of the bank’s stock valued at $3,516,000 after buying an additional 5,213 shares in the last quarter. Institutional investors and hedge funds own 63.79% of the company’s stock.

INBK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $44.00 target price on shares of First Internet Bancorp in a research note on Friday, October 20th. TheStreet upgraded shares of First Internet Bancorp from a “c+” rating to a “b” rating in a research note on Thursday, November 16th. Hovde Group boosted their price target on shares of First Internet Bancorp from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Maxim Group boosted their price target on shares of First Internet Bancorp from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research cut shares of First Internet Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Four analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $43.75.

In other First Internet Bancorp news, Chairman David B. Becker purchased 5,000 shares of the stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average price of $30.02 per share, with a total value of $150,100.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jerry L. Williams bought 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were purchased at an average cost of $30.05 per share, with a total value of $63,105.00. Following the transaction, the director now directly owns 35,836 shares of the company’s stock, valued at $1,076,871.80. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by corporate insiders.

First Internet Bancorp (NASDAQ:INBK) opened at $39.90 on Friday. The company has a market cap of $335.18 and a PE ratio of 16.67. First Internet Bancorp has a fifty-two week low of $25.48 and a fifty-two week high of $40.65. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82.

First Internet Bancorp (NASDAQ:INBK) last issued its earnings results on Friday, October 20th. The bank reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The business had revenue of $17.33 million for the quarter, compared to the consensus estimate of $16.90 million. First Internet Bancorp had a net margin of 17.60% and a return on equity of 8.87%. equities analysts predict that First Internet Bancorp will post 2.36 earnings per share for the current fiscal year.

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First Internet Bancorp 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.

Institutional Ownership by Quarter for First Internet Bancorp (NASDAQ:INBK)

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