First Internet Bancorp (NASDAQ:INBK) Upgraded at Wall Street Zen

11 Feb 2026, 01:32 by Jessica Moore · The Cerbat Gem

Wall Street Zen upgraded shares of First Internet Bancorp (NASDAQ:INBK – Free Report) from a sell rating to a hold rating in a report released on Sunday.

INBK has been the topic of several other reports. Zacks Research cut shares of First Internet Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “sell (d)” rating on shares of First Internet Bancorp in a research note on Monday, December 29th. Keefe, Bruyette & Woods reduced their price objective on First Internet Bancorp from $25.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, January 30th. Hovde Group increased their price objective on First Internet Bancorp from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Piper Sandler dropped their target price on First Internet Bancorp from $24.00 to $23.50 and set a “neutral” rating on the stock in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, First Internet Bancorp has an average rating of “Reduce” and a consensus target price of $25.17.

Read Our Latest Report on First Internet Bancorp

First Internet Bancorp Price Performance

Shares of INBK opened at $21.26 on Friday. The stock has a market cap of $185.17 million, a P/E ratio of -5.28 and a beta of 0.83. First Internet Bancorp has a 1 year low of $17.05 and a 1 year high of $33.72. The stock’s 50-day moving average price is $21.44 and its two-hundred day moving average price is $21.63. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.01.

First Internet Bancorp (NASDAQ:INBK – Get Free Report) last announced its earnings results on Thursday, January 29th. The bank reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $42.11 million for the quarter, compared to the consensus estimate of $32.80 million. First Internet Bancorp had a negative net margin of 10.05% and a negative return on equity of 1.52%. On average, equities analysts predict that First Internet Bancorp will post 4.11 earnings per share for the current year.

First Internet Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, December 31st. First Internet Bancorp’s dividend payout ratio (DPR) is currently -5.96%.

Insider Activity

In related news, COO Nicole S. Lorch acquired 2,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $17.96 per share, for a total transaction of $35,920.00. Following the purchase, the chief operating officer directly owned 70,206 shares in the company, valued at approximately $1,260,899.76. This trade represents a 2.93% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Internet Bancorp

A number of institutional investors have recently added to or reduced their stakes in INBK. Creative Planning bought a new position in First Internet Bancorp during the second quarter worth about $1,691,000. CSM Advisors LLC acquired a new stake in shares of First Internet Bancorp in the second quarter valued at approximately $3,923,000. Fourthstone LLC boosted its stake in shares of First Internet Bancorp by 254.9% during the 2nd quarter. Fourthstone LLC now owns 145,141 shares of the bank’s stock worth $3,904,000 after acquiring an additional 104,241 shares during the period. Hsbc Holdings PLC increased its holdings in shares of First Internet Bancorp by 127.4% during the 2nd quarter. Hsbc Holdings PLC now owns 26,330 shares of the bank’s stock worth $716,000 after acquiring an additional 14,751 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of First Internet Bancorp by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 144,829 shares of the bank’s stock worth $3,896,000 after acquiring an additional 10,494 shares during the last quarter. 65.46% of the stock is currently owned by institutional investors and hedge funds.

First Internet Bancorp Company Profile

(Get Free Report)

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.