Keefe, Bruyette & Woods Has Lowered Expectations for First Internet Bancorp (NASDAQ:INBK) Stock Price

First Internet Bancorp (NASDAQ:INBK) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $25.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.06% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler dropped their target price on shares of First Internet Bancorp from $24.00 to $23.50 and set a “neutral” rating for the company in a research report on Friday. Zacks Research upgraded shares of First Internet Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 25th. Hovde Group increased their price target on First Internet Bancorp from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen upgraded First Internet Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of First Internet Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.17.

First Internet Bancorp Price Performance

NASDAQ:INBK traded down $0.56 during trading hours on Friday, reaching $21.69. 23,563 shares of the company traded hands, compared to its average volume of 49,190. First Internet Bancorp has a 1-year low of $17.05 and a 1-year high of $34.21. The stock has a market cap of $188.88 million, a P/E ratio of -5.71 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.91 and a quick ratio of 0.88. The firm’s 50-day moving average is $21.01 and its 200-day moving average is $21.97.

First Internet Bancorp (NASDAQ:INBK) last announced its earnings results on Thursday, January 29th. The bank reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. The business had revenue of $42.11 million for the quarter, compared to the consensus estimate of $32.80 million. First Internet Bancorp had a negative return on equity of 2.05% and a negative net margin of 9.35%. Equities research analysts expect that First Internet Bancorp will post 4.11 earnings per share for the current fiscal year.

Insider Activity at First Internet Bancorp

In related news, COO Nicole S. Lorch acquired 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $17.96 per share, with a total value of $35,920.00. Following the completion of the acquisition, the chief operating officer owned 70,206 shares in the company, valued at $1,260,899.76. The trade was a 2.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On First Internet Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in First Internet Bancorp by 202.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,789 shares of the bank’s stock worth $48,000 after purchasing an additional 1,198 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of First Internet Bancorp by 1,123.5% in the 4th quarter. GAMMA Investing LLC now owns 3,181 shares of the bank’s stock valued at $66,000 after purchasing an additional 2,921 shares during the period. BNP Paribas Financial Markets boosted its position in shares of First Internet Bancorp by 92.1% during the third quarter. BNP Paribas Financial Markets now owns 9,261 shares of the bank’s stock worth $208,000 after buying an additional 4,439 shares during the period. Teton Advisors LLC bought a new position in shares of First Internet Bancorp during the third quarter worth about $224,000. Finally, Inscription Capital LLC acquired a new stake in First Internet Bancorp in the 4th quarter valued at approximately $229,000. Institutional investors own 65.46% of the company’s stock.

Trending Headlines about First Internet Bancorp

Here are the key news stories impacting First Internet Bancorp this week:

• Positive Sentiment: Q4 earnings beat and strong revenue: INBK reported $0.64 EPS vs. $0.59 expected and revenue of $42.11M (well above estimates), driven by a 29% increase in net interest income and 21% adjusted revenue growth year‑over‑year. This is the primary near-term positive catalyst. Read More.
• Positive Sentiment: Analyst upgrade and higher price target: Hovde Group raised its price target from $26 to $29 and assigned an “outperform” rating, implying meaningful upside versus recent levels — a supportive vote of confidence from sell‑side coverage. Read More.
• Neutral Sentiment: Earnings call commentary and transcript available: Management highlighted continued revenue momentum and drivers of NII/NIM improvement; read the full call transcript and highlights for color on guidance and balance‑sheet strategy. Read More. | Read More.
• Neutral Sentiment: Analysts digging into key metrics: Coverage notes the positive top‑line and interest income trends but recommends watching margins, credit metrics and expense leverage for sustainability. Read More.
• Neutral Sentiment: Short‑interest data appears inconclusive: reports show a large increase but the published figures contain anomalies (zeros/NaN), so no clear signal on short positioning right now.
• Negative Sentiment: Profitability and capital metrics remain a drag: reported negative net margin and negative return on equity, plus a negative P/E metric — investors may be concerned about how quickly earnings quality and margins can sustainably improve despite revenue growth.

About First Internet Bancorp

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).