News headlines about First Internet Bancorp (NASDAQ:INBK) have been trending somewhat negative on Wednesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Internet Bancorp earned a coverage optimism score of -0.12 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.952721072638 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts recently weighed in on INBK shares. Maxim Group reaffirmed a “buy” rating and set a $46.00 target price on shares of First Internet Bancorp in a research note on Friday, January 19th. TheStreet downgraded shares of First Internet Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. BidaskClub raised shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, March 3rd. FIG Partners downgraded 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 downgraded shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.25.
Shares of INBK stock opened at $38.35 on Wednesday. First Internet Bancorp has a 52-week low of $25.48 and a 52-week high of $42.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $331.42, a P/E ratio of 17.75 and a beta of -0.02.
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About First Internet Bancorp
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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