Significant negative changes in First Internet Bancorp (NASDAQ: INBK) fundamentals have recently occurred: the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
First Internet Bancorp (NASDAQ: INBK). Important negative changes in investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, INBK is expected to be Value Creation neutral.
First Internet Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Internet Bancorp has a good Appreciation Score of 83 but a slightly negative Power Rating of 35, and the High Neutral Value Trend Rating results.
Recent Price Action
First Internet Bancorp (NASDAQ: INBK) stock closed at $17.05 on 11/6/23 after a large decline of -3.4%. The stock has risen 5.9% during the last week and has performed in line with the market over the last nine months.
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