First Internet Bancorp (INBK) Projected to Post Quarterly Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK) will likely be releasing its earnings data after the market closes on Wednesday, January 22nd. Analysts expect First Internet Bancorp to post earnings of $0.92 per share and revenue of $24,875.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $87.02 million for the quarter, compared to analyst estimates of $32.50 million. First Internet Bancorp had a return on equity of 6.06% and a net margin of 6.92%. During the same quarter last year, the firm earned $0.39 earnings per share. 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 Trading Up 1.1 %

Shares of First Internet Bancorp stock opened at $35.48 on Monday. The company has a market cap of $307.61 million, a price-to-earnings ratio of 13.97 and a beta of 0.73. First Internet Bancorp has a 1 year low of $23.30 and a 1 year high of $43.26. The company’s fifty day simple moving average is $38.57 and its 200-day simple moving average is $35.91. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61.

First Internet Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. First Internet Bancorp’s payout ratio is 9.45%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on First Internet Bancorp from $41.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

First Internet Bancorp Company Profile

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, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.