First Internet Bancorp (INBK) to Release Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

First Internet Bancorp (NASDAQ:INBK) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.24. The business had revenue of $27.21 million during the quarter, compared to analyst estimates of $24.50 million. First Internet Bancorp had a return on equity of 4.56% and a net margin of 3.81%. On average, analysts expect First Internet Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Internet Bancorp Price Performance

NASDAQ:INBK opened at $32.07 on Tuesday. The firm has a market capitalization of $277.73 million, a price-to-earnings ratio of 27.41 and a beta of 0.72. First Internet Bancorp has a 1 year low of $9.68 and a 1 year high of $35.72. The business has a 50 day simple moving average of $32.27 and a 200-day simple moving average of $25.86. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04.

First Internet Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, March 27th. First Internet Bancorp’s payout ratio is 20.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on INBK shares. Keefe, Bruyette & Woods raised their price target on First Internet Bancorp from $29.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. StockNews.com raised First Internet Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.00.

About First Internet Bancorp

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.