First Internet Bancorp (NASDAQ:INBK) Downgraded by Zacks Investment Research to Hold

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First Internet Bancorp stock has undergone multiple analysts rating changes in the recent past.  First Internet Bancorp Downgraded by Zacks Investment Research on 10/2/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of First Internet Bancorp traded down -$0.15 on Friday, reaching $14.58. 0 shares of the stock traded hands, compared to its average volume of 39905. Shares of First Internet Bancorp were trading at $14.58 on Friday. The firm’s 50 day moving average is $15.16 and its 200 day moving average is $18.25.First Internet Bancorp has a 12 month low of $14.48 and a 12 month high of $28.50. While on yearly highs and lows, First Internet Bancorp’s today has traded high as $14.82 and has touched $14.48 on the downward trend. See More Analyst Rating at: RATING

First Internet Bancorp Earnings and What to expect: 

First Internet Bancorp last announced its quarterly earnings results on July 23rd, 2020. The bank reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The business had revenue of $19.40 million for the quarter, compared to the consensus estimate of $20.32 million. First Internet Bancorp has generated $2.51 earnings per share over the last year and currently has a price-to-earnings ratio of 6.2. First Internet Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 28th, 2020 based off prior year’s report dates.

Earnings for First Internet Bancorp are expected to grow by 7.81% in the coming year, from $1.92 to $2.07 per share. The P/E ratio of First Internet Bancorp is 6.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of First Internet Bancorp is 6.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.40. First Internet Bancorp has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 6.50%
  • On 8/27/2020 Director Jerry L Williams Buy 2,000 at average share price of $14.99 which equates to $29,980.00 in money value.
  • On 3/23/2020 COO Nicole S. Lorch Buy 1,200 at average price of  $13.73 with total value of : $16,476.00
  • On 3/19/2020 CEO David B Becker Buy 7,000 at average price of  $14.51 with total value of : $101,570.00

Other owners latest trading in First Internet Bancorp :

  • On 8/31/2020 shares held by Bridgeway Capital Management Inc. were 33,300 which equates to market value of $0.55M and appx 0.00% owners of First Internet Bancorp
  • On 8/25/2020 shares held by Nuveen Asset Management LLC were 42,717 which equates to market value of $0.71M and appx 0.00% owners of First Internet Bancorp
  • On 8/20/2020 shares held by Charles Schwab Investment Management Inc. were 25,996 which equates to market value of $0.43M and appx 0.00% owners of First Internet Bancorp
  • In total Institutional ownership equates to Institutional Ownership Percentage: 71.27% for First Internet Bancorp

Analyst at Zacks Investment Research are also talking about :

  • 9/29/2020 – First Internet Bancorp had its price target lowered by analysts at Piper Sandler from $20.00 to $19.00. They now have an “overweight” rating on the stock. (View)
  • 9/23/2020 – First Internet Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. (View)
  • 9/2/2020 – First Internet Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)
  • 7/29/2020 – First Internet Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $17.00 price target on the stock. (View)

First Internet Bancorp (NASDAQ:INBK) Moving Average Technical Analysis

5 day Moving Average is $14.68 And 5 day price change is $0.35 (2.46%)  with average volume for 5 day average is 34,080. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $15.47 and 20 day price change is -$0.71 (-4.64%) and average 20 day moving volume is 42,005. 50 day moving average is $15.16  and 50 day price change is -$1.22 ( -7.72%)  and with average volume for 50 days is : 48,598. 200 day moving average is $18.25  and 200 day price change is -$9.29 (-38.92%)  and with average volume for 200 days is : 44,470.

See More Analyst Rating at: RATING