Somewhat Favorable Media Coverage Very Likely to Impact First Internet Bancorp (INBK) Share Price

Media coverage about First Internet Bancorp (NASDAQ:INBK) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Internet Bancorp earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near future.

First Internet Bancorp (NASDAQ:INBK) opened at 28.05 on Tuesday. First Internet Bancorp has a 52-week low of $22.12 and a 52-week high of $33.00. The firm has a 50-day moving average of $27.24 and a 200-day moving average of $29.26. The firm has a market cap of $182.24 million, a PE ratio of 12.93 and a beta of -0.11.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.06 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. First Internet Bancorp’s payout ratio is presently 10.96%.

INBK has been the topic of several recent research reports. Zacks Investment Research raised shares of First Internet Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $36.00 target price on shares of First Internet Bancorp in a research note on Monday, June 26th. Maxim Group reissued a “buy” rating and set a $37.00 price target on shares of First Internet Bancorp in a research report on Monday, April 24th. Finally, Hovde Group started coverage on shares of First Internet Bancorp in a research report on Monday, April 17th. They set an “outperform” rating and a $32.50 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. First Internet Bancorp currently has a consensus rating of “Buy” and an average price target of $34.38.

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In other First Internet Bancorp news, Director John K. Keach, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average cost of $26.39 per share, with a total value of $26,390.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.60% of the company’s stock.

First Internet Bancorp Company Profile

First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet.

Insider Buying and Selling by Quarter for First Internet Bancorp (NASDAQ:INBK)

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