First Internet Bancorp Receives a Buy from KBW

By Jason Carr

KBW analyst Melissa Roberts reiterated a Buy rating on First Internet Bancorp (NASDAQ: INBK) today and set a price target of $36. The company’s shares opened today at $27.85.

According to TipRanks.com, Roberts is a 3-star analyst with an average return of 2.1% and a 46.7% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

First Internet Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $36.50.

First Internet Bancorp’s market cap is currently $184.2M and has a P/E ratio of 12.72. The company has a book value ratio of 1.1490.

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First Internet Bancorp operates as a bank holding company, which provides online commercial and retail banking products and services, through its subsidiary. The company offers first-lien residential mortgage loans, consumer loans and credit cards & CRE loans in Indiana and other parts of the midwest in the form of office, retail, industrial, and multifamily loans, with credit tenant lease financing. First Internet Bancorp was founded on September 15, 2005 and is headquartered in Indianapolis, IN.