First Internet Bancorp (NASDAQ:INBK) Cut to “Hold” at Wall Street Zen

Posted by Brenda Bartman on Nov 3rd, 2026

Wall Street Zen cut shares of First Internet Bancorp (NASDAQ:INBK – Free Report) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other analysts have also commented on the company. Zacks Research lowered First Internet Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Piper Sandler boosted their target price on shares of First Internet Bancorp from $26.00 to $29.50 and gave the company a “neutral” rating in a research note on Friday, July 31st. Benchmark upped their target price on shares of First Internet Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of First Internet Bancorp in a report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Internet Bancorp from $27.00 to $29.00 and gave the stock a “market perform” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $30.62.

View Our Latest Stock Report on First Internet Bancorp

First Internet Bancorp Price Performance

Shares of NASDAQ:INBK opened at $26.85 on Friday. The business’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $24.74. The stock has a market cap of $234.51 million, a PE ratio of 15.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.87 and a current ratio of 0.88. First Internet Bancorp has a one year low of $17.05 and a one year high of $31.09.

First Internet Bancorp (NASDAQ:INBK – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The bank reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.21). 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 $43.94 million during the quarter, compared to analyst estimates of $46.17 million. On average, analysts forecast that First Internet Bancorp will post 2.25 EPS for the current fiscal year.

First Internet Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 1st. First Internet Bancorp’s dividend payout ratio (DPR) is 14.12%.

Institutional Trading of First Internet Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of First Internet Bancorp in the 2nd quarter worth $20,209,000. Heartland Advisors Inc. purchased a new stake in First Internet Bancorp during the second quarter valued at about $10,450,000. Aegis Financial Corp grew its position in First Internet Bancorp by 41.5% during the first quarter. Aegis Financial Corp now owns 354,261 shares of the bank’s stock valued at $7,220,000 after acquiring an additional 103,941 shares during the period. Quantinno Capital Management LP increased its stake in First Internet Bancorp by 14.5% during the first quarter. Quantinno Capital Management LP now owns 162,421 shares of the bank’s stock worth $3,310,000 after acquiring an additional 20,582 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in First Internet Bancorp during the second quarter worth about $1,649,000. 65.46% of the stock is currently owned by institutional investors and hedge funds.

About First Internet Bancorp

(Get Free Report)

First Internet Bancorp is a bank holding company headquartered in Fishers, Indiana. Its principal subsidiary, First Internet Bank, provides a range of banking products and financial services to businesses, organizations and individual consumers.

First Internet Bank’s offerings include commercial and industrial lending, commercial real estate financing, small business and SBA loans, public finance, residential mortgage lending, consumer loans, deposit accounts and treasury management services.