News stories about First Internet Bancorp (NASDAQ:INBK) have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Internet Bancorp earned a daily sentiment score of -0.12 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.952721072638 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- With 26.11% Earnings Growth, Did First Internet Bancorp (NASDAQ:INBK) Outperform The Industry? (finance.yahoo.com)
- Democrats Eye 2018 Campaign Push on Internet Privacy (nationaljournal.com)
- Mary Dent, Green Dot Bank (paymentssource.com)
- How ISME ACE has helped its first cohort of fintech startups with invaluable access to the financial ecosystem (yourstory.com)
A number of research firms have weighed in on INBK. TheStreet cut shares of First Internet Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, January 24th. Maxim Group restated a “buy” rating and set a $46.00 price objective on shares of First Internet Bancorp in a research report on Friday, January 19th. BidaskClub cut shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. FIG Partners cut shares of First Internet Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of First Internet Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Saturday, December 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.25.
First Internet Bancorp (NASDAQ:INBK) last issued its earnings results on Friday, January 19th. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The business had revenue of $17.90 million during the quarter, compared to analysts’ expectations of $19.00 million. First Internet Bancorp had a net margin of 15.99% and a return on equity of 8.91%. sell-side analysts anticipate that First Internet Bancorp will post 3.26 EPS for the current fiscal year.
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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.
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