Brokerages Set First Internet Bancorp (NASDAQ:INBK) Target Price at $28.00

Posted by Francis Steltz on Aug 6th, 2026

Shares of First Internet Bancorp (NASDAQ:INBK – Get Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $29.3750.

A number of equities research analysts recently commented on the company. Piper Sandler upped their price objective on First Internet Bancorp from $26.00 to $29.50 and gave the company a “neutral” rating in a report on Friday, July 31st. Wall Street Zen raised shares of First Internet Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Benchmark upped their price objective on shares of First Internet Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their target price on First Internet Bancorp from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Friday, May 1st.

Get Our Latest Report on First Internet Bancorp

Hedge Funds Weigh In On First Internet Bancorp

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in First Internet Bancorp by 202.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,789 shares of the bank’s stock worth $48,000 after buying an additional 1,198 shares during the period. Deutsche Bank AG lifted its stake in 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 buying an additional 5,049 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in 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 buying an additional 1,000 shares in the last quarter. Versant Capital Management Inc boosted 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 buying an additional 376 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of First Internet Bancorp by 62.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,759 shares of the bank’s stock valued at $183,000 after buying an additional 3,379 shares during the period. Institutional investors own 65.46% of the company’s stock.

First Internet Bancorp Stock Performance

Shares of First Internet Bancorp stock opened at $29.34 on Thursday. The firm has a fifty day moving average of $26.44 and a two-hundred day moving average of $23.53. The stock has a market capitalization of $255.76 million, a price-to-earnings ratio of -8.15 and a beta of 0.83. First Internet Bancorp has a 52 week low of $17.05 and a 52 week high of $31.09. 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 (NASDAQ:INBK – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. First Internet Bancorp had a negative return on equity of 0.55% and a negative net margin of 9.01%.The company had revenue of $41.12 million for the quarter, compared to the consensus estimate of $43.83 million. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities research analysts predict that First Internet Bancorp will post 2.36 EPS for the current year.

First Internet Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.8%. First Internet Bancorp’s dividend payout ratio (DPR) is currently -6.67%.

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).