First Internet Bancorp (NASDAQ: INBK) is one of 334 public companies in the “Banks” industry, but how does it contrast to its peers? We will compare First Internet Bancorp to similar businesses based on the strength of its institutional ownership, profitability, analyst recommendations, valuation, dividends, earnings and risk.

Earnings and Valuation

This table compares First Internet Bancorp and its peers revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
First Internet Bancorp $72.98 million $12.07 million 15.00
First Internet Bancorp Competitors $5.43 billion $809.98 million 356.02

First Internet Bancorp’s peers have higher revenue and earnings than First Internet Bancorp. First Internet Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional & Insider Ownership

49.0% of First Internet Bancorp shares are owned by institutional investors. Comparatively, 51.4% of shares of all “Banks” companies are owned by institutional investors. 7.6% of First Internet Bancorp shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and price targets for First Internet Bancorp and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Internet Bancorp 0 0 3 0 3.00
First Internet Bancorp Competitors 2114 8232 8357 323 2.36

First Internet Bancorp presently has a consensus target price of $43.67, indicating a potential upside of 21.80%. As a group, “Banks” companies have a potential downside of 6.79%. Given First Internet Bancorp’s stronger consensus rating and higher possible upside, equities analysts plainly believe First Internet Bancorp is more favorable than its peers.

Profitability

This table compares First Internet Bancorp and its peers’ 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 18.81% 8.80% 0.94%

Volatility & Risk

First Internet Bancorp has a beta of -0.02, meaning that its share price is 102% less volatile than the S&P 500. Comparatively, First Internet Bancorp’s peers have a beta of 0.81, meaning that their average share price is 19% less volatile than the S&P 500.

Dividends

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 34.8% of their earnings in the form of a dividend.

Summary

First Internet Bancorp peers 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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