Media coverage about First Internet Bancorp (NASDAQ:INBK) has been trending positive recently, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Internet Bancorp earned a daily sentiment score of 0.35 on AlphaOne’s scale. AlphaOne also assigned media headlines about the bank an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted AlphaOne’s rankings:
- Largest Indian Bank’s Profit Surges as Bad-Loan Ratio Narrows (finance.yahoo.com)
- First Internet Bancorp (NASDAQ:INBK) Files An 8-K Submission of Matters to a Vote of Security Holders (4-traders.com)
- What to Expect From Indian Bank Earnings This Week (finance.yahoo.com)
- First Internet Bancorp (NASDAQ:INBK) Files An 8-K Regulation FD Disclosure (4-traders.com)
Shares of First Internet Bancorp (NASDAQ:INBK) traded down 1.86% during mid-day trading on Friday, hitting $26.40. The stock had a trading volume of 34,014 shares. First Internet Bancorp has a 12-month low of $22.12 and a 12-month high of $33.00. The firm has a market cap of $171.52 million, a P/E ratio of 12.17 and a beta of -0.08. The company has a 50 day moving average price of $28.50 and a 200 day moving average price of $29.46.
INBK has been the topic of several research reports. Zacks Investment Research raised First Internet Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Hovde Group initiated coverage on First Internet Bancorp in a report on Monday, April 17th. They issued an “outperform” rating and a $32.50 target price on the stock. Finally, Maxim Group reissued a “buy” rating and issued a $37.00 target price on shares of First Internet Bancorp in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. First Internet Bancorp has an average rating of “Buy” and an average price target of $34.38.
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First Internet Bancorp Company Profile
First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet.
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