Q3 2016 EPS Estimates for First Internet Bancorp Lowered by FIG Partners (INBK)
First Internet Bancorp (NASDAQ:INBK) – Investment analysts at FIG Partners dropped their Q3 2016 earnings per share (EPS) estimates for shares of First Internet Bancorp in a research report issued to clients and investors on Wednesday. FIG Partners analyst J. Rodis now expects that the brokerage will post earnings per share of $0.45 for the quarter, down from their previous estimate of $0.57. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Internet Bancorp’s FY2016 earnings at $2.12 EPS.
Separately, Maxim Group dropped their price target on First Internet Bancorp from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, July 25th.
Shares of First Internet Bancorp (NASDAQ:INBK) traded down 0.61% during mid-day trading on Friday, reaching $22.88. 3,702 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $23.47 and a 200-day moving average price of $23.89. First Internet Bancorp has a 1-year low of $22.01 and a 1-year high of $33.00. The company has a market capitalization of $126.60 million, a P/E ratio of 10.83 and a beta of -0.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.04%. First Internet Bancorp’s payout ratio is presently 11.37%.
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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