First Internet Bancorp (NASDAQ:INBK) Stock Price Expected to Rise, Piper Sandler Analyst Says

Posted by Francis Steltz on Jul 31st, 2026

First Internet Bancorp (NASDAQ:INBK – Get Free Report) had its price objective increased by research analysts at Piper Sandler from $26.00 to $29.50 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s target price indicates a potential upside of 2.77% from the company’s current price.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of First Internet Bancorp from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Benchmark boosted their price target on shares of First Internet Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen upgraded shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings raised First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, First Internet Bancorp has an average rating of “Hold” and a consensus price target of $29.38.

Check Out Our Latest Stock Analysis on First Internet Bancorp

First Internet Bancorp Trading Up 9.2%

Shares of NASDAQ INBK traded up $2.41 during mid-day trading on Friday, reaching $28.70. 29,676 shares of the company’s stock were exchanged, compared to its average volume of 50,823. The firm has a market capitalization of $250.21 million, a price-to-earnings ratio of -7.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. First Internet Bancorp has a 52-week low of $17.05 and a 52-week high of $29.99. The company’s 50-day moving average is $25.98 and its 200-day moving average is $23.30.

First Internet Bancorp (NASDAQ:INBK – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The firm had revenue of $41.12 million during the quarter, compared to the consensus estimate of $43.83 million. First Internet Bancorp had a negative return on equity of 1.14% and a negative net margin of 9.60%.First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect that First Internet Bancorp will post 1.98 EPS for the current fiscal year.

Institutional Trading of First Internet Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in shares of First Internet Bancorp by 202.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,789 shares of the bank’s stock worth $48,000 after purchasing an additional 1,198 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of First Internet Bancorp by 4,390.4% in the fourth quarter. Deutsche Bank AG now owns 5,164 shares of the bank’s stock valued at $108,000 after purchasing an additional 5,049 shares during the period. Versant Capital Management Inc grew its holdings in shares of First Internet Bancorp by 7.3% in the second quarter. Versant Capital Management Inc now owns 5,533 shares of the bank’s stock valued at $154,000 after purchasing an additional 376 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of First Internet Bancorp by 19.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,024 shares of the bank’s stock valued at $126,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in First Internet Bancorp by 62.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,759 shares of the bank’s stock worth $183,000 after buying an additional 3,379 shares during the period. 65.46% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about First Internet Bancorp

Here are the key news stories impacting First Internet Bancorp this week:

Positive Sentiment: Benchmark raised its price target for First Internet Bancorp from $33 to $35 and initiated a “buy” rating, implying approximately 21.6% upside from the cited $28.79 price. Benzinga analyst rating and price target
Positive Sentiment: First Internet Bancorp reported second-quarter diluted EPS of $0.27, sharply above the $0.15 consensus estimate and up from $0.02 a year earlier. Net income rose to $2.4 million from $0.2 million, while revenue increased 23% year over year to $41.1 million. First Internet Bancorp Q2 net income rises
Positive Sentiment: Management raised or reaffirmed full-year 2026 EPS guidance at $2.35-$2.45, above the $2.10 analyst consensus. Credit trends also improved: the provision for credit losses fell to $13.4 million from $16.3 million in the prior quarter, and nonperforming loans declined to 1.58% of total loans from 1.63%. First Internet Bancorp second-quarter results
Neutral Sentiment: The company’s earnings call provided additional detail on second-quarter performance and its 2026 business outlook, while recent announcements highlighted plans to put AI-powered financial intelligence directly in customers’ hands. These initiatives could support longer-term competitiveness, but their near-term financial effect is unclear. Q2 2026 earnings call transcript
Negative Sentiment: Quarterly revenue of $41.1 million was below the approximately $43.8 million consensus estimate. Deposits also declined 3% sequentially to $4.8 billion, and the bank continues to report negative net margin and return on equity, highlighting ongoing profitability and funding risks.

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.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).