Somewhat Negative Press Coverage Somewhat Unlikely to Impact First Internet Bancorp (NASDAQ:INBK) Stock Price

Media coverage about First Internet Bancorp (NASDAQ:INBK) has been trending somewhat negative this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, 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 news headlines about the bank an impact score of 45.952721072638 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of NASDAQ:INBK traded up $0.60 during mid-day trading on Thursday, hitting $37.40. The stock had a trading volume of 12,917 shares, compared to its average volume of 30,422. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $303.20 and a PE ratio of 15.65. First Internet Bancorp has a 12-month low of $25.48 and a 12-month high of $42.40.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $17.90 million during the quarter, compared to the consensus estimate of $19.00 million. First Internet Bancorp had a net margin of 15.99% and a return on equity of 8.91%. equities analysts predict that First Internet Bancorp will post 3.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.64%. First Internet Bancorp’s dividend payout ratio (DPR) is presently 10.04%.

Several research firms recently commented on INBK. BidaskClub lowered shares of First Internet Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of First Internet Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 27th. ValuEngine raised shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet lowered shares of First Internet Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.25.

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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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