First Internet Bancorp (NASDAQ: INBK) stock enjoyed a major increase of 16.3% on 11/6/24. The shares closed at $40.43. Moreover, this advance was accompanied by exceptionally high trading volume at 290% of normal. Relative to the market the stock has been strong over the last nine months and has risen 15.5% 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Internet Bancorp has a good Power Rating of 77 and a good Appreciation Score of 80, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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