First Internet Bancorp (INBK) to Release Quarterly Earnings on Wednesday

First Internet Bancorp (NASDAQ:INBK) is projected to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect First Internet Bancorp to post earnings of $0.92 per share and revenue of $24,875.00 billion for the quarter.

First Internet Bancorp (NASDAQ:INBK) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). First Internet Bancorp had a return on equity of 6.06% and a net margin of 6.92%. The company had revenue of $87.02 million for the quarter, compared to analyst estimates of $32.50 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, analysts expect First Internet Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Internet Bancorp Price Performance

Shares of NASDAQ INBK traded up $1.25 during trading on Wednesday, hitting $34.94. The company had a trading volume of 26,292 shares, compared to its average volume of 34,821. The firm has a market capitalization of $302.86 million, a price-to-earnings ratio of 13.76 and a beta of 0.73. The stock has a fifty day simple moving average of $38.72 and a two-hundred day simple moving average of $35.75. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. First Internet Bancorp has a fifty-two week low of $23.30 and a fifty-two week high of $43.26.

First Internet Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, December 31st. First Internet Bancorp’s payout ratio is 9.45%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on First Internet Bancorp from $41.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

First Internet Bancorp Company Profile

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit.