First Internet Bancorp to Post FY2016 Earnings of $2.08 Per Share, FIG Partners Forecasts (INBK)
First Internet Bancorp (NASDAQ:INBK) – Investment analysts at FIG Partners decreased their FY2016 EPS estimates for First Internet Bancorp in a research note issued to investors on Friday. FIG Partners analyst J. Rodis now forecasts that the brokerage will earn $2.08 per share for the year, down from their prior estimate of $2.12. FIG Partners has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Internet Bancorp’s Q4 2016 earnings at $0.54 EPS.
Separately, Maxim Group dropped their price objective on First Internet Bancorp from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, July 25th.
Shares of First Internet Bancorp (NASDAQ:INBK) opened at 23.52 on Monday. The company has a 50-day moving average of $23.43 and a 200 day moving average of $23.86. First Internet Bancorp has a 12-month low of $22.01 and a 12-month high of $33.00.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, September 28th. First Internet Bancorp’s dividend payout ratio is presently 11.37%.
About First Internet Bancorp
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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