First Internet Bancorp (NASDAQ: INBK) has reported earnings for its third fiscal quarter (ending September 30) of $0.80 versus $0.39 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.55 compared to $1.16 a year ago.
Recent Price Action
First Internet Bancorp (NASDAQ: INBK) stock closed at $36.52 on 10/23/24 after a slight decline of -0.6%. However, this decline was accompanied by exceptionally low trading volume at 49% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, INBK is expected to be a modest Value Builder.
First Internet Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Internet Bancorp has a good Power Rating of 74 and a good Appreciation Score of 79, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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