First Internet Bancorp (NASDAQ: INBK) has reported earnings for its first fiscal quarter (ending March 31) of $0.60 versus a loss $-0.33 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.91 compared to $2.23 a year ago.
Recent Price Action
First Internet Bancorp (NASDAQ: INBK) stock closed at $33.27 on 4/24/24 after an increase of 1.2%. Moreover, above average trading volume at 120% of normal accompanied the advance. The stock has risen 7.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
INBK is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First Internet Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Internet Bancorp has a good Appreciation Score of 79 and a very high Power Rating of 100, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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