How to Buy First Internet Bancorp Stock
First Internet Bancorp
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States.
First Internet Bancorp stock last closed at $32.18, up 3.71% from the previous day, and has increased 95.27% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.85 percentage points. First Internet Bancorp stock is currently +232.44% from its 52-week low of $9.68, and -9.9% from its 52-week high of $35.72.
There are currently 8.66M INBK shares outstanding. The market cap of INBK is $278.55M. In the last 24 hours, 77,954 INBK shares were traded.
How to Buy First Internet Bancorp Stock
Wondering how to invest in First Internet Bancorp stock? Here's how.
- Choose where to buy First Internet Bancorp stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy First Internet Bancorp stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Analyze First Internet Bancorp stock: The First Internet Bancorp ticker symbol is INBK. Is First Internet Bancorp stock a good investment? Should you buy shares of INBK? How do INBK's underlying business fundamentals look? Do top analysts think First Internet Bancorp is a good buy? Why has INBK's stock price moved recently? (Hint: Our stock market research website can help you decide if INBK is a good stock to buy).
- Make your INBK purchase: Decide if you will purchase INBK shares at the current market price or use a limit order to purchase INBK shares at a given price.
- Monitor your INBK position: Create a watchlist to the latest updates on your position in First Internet Bancorp shares.
Step 1: Choose where to buy First Internet Bancorp stock
You need an online brokerage account in order to access the NASDAQ market and buy INBK stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global financial markets: From Technology to Healthcare, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal information so you are able to invest in INBK today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on apps for stock market, you need to deposit funds:
Check out the walkthrough below if you need help depositing money into your investment account.
Step 4: Analyze First Internet Bancorp stock
Once you have chosen the best place to buy First Internet Bancorp stock, it's very important to analyze their stock prior to buying, so you truly comprehend the risk and upside.
First Internet Bancorp Metrics
First Internet Bancorp Zen Score
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can view all of the due diligence checks on INBK's stock page.
Is INBK stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge INBK's intrinsic value.
Using relative valuations methods:
- INBK could be undervalued based on its P/E ratio of 33.87x, relative to Banks - Regional industry P/E ratio of -10.33x
- INBK may be undervalued based on its P/B ratio of 0.77x, relative to Banks - Regional industry P/B ratio of 0.97x
You can do more valuation research on INBK's stock here.
INBK Financial Overview
Positive Health Checks:
- INBK earnings of $4.94M is not sufficient to cover its interest payments.
Negative Health Checks:
- INBK's operating cash flow of $11.68M allows it to safely service it's debt of $719.77M.
- INBK has a relatively high debt to equity ratio of 13.24.
- Total INBK debt is higher than 5 years ago, relative to shareholder equity.
- INBK profit margin has gone down from 31.3% to 10% in the past year.
Is it a good time to buy INBK stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who track INBK, the consensus analyst rating on First Internet Bancorp is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the First Internet Bancorp stock forecast page.
INBK Trading Indicators
INBK Growth Metrics
Last year, INBK earnings were $8.42M. During the past five year, INBK's earnings have increased by -16.28% per year. This was slower than the Banks - Regional industry average of 16.23%.
Last year, INBK revenue was $84.38M. In the last five year, INBK's revenue has increased by 4.68% per year. This was slower than the Banks - Regional industry average of 7.35%.
Dive into INBK's earnings and revenue performance here.
Who is buying/selling INBK?
In the last year, insiders at INBK have bought more shares than they have sold.
Kenneth J. Lovik, Executive Vice President CFO of INBK, was the latest INBK insider to sell. They sold $20,051.84 worth of INBK shares on Jan 31, 2024.
Dig into more about who owns INBK shares here.
Can I rely on INBK as an income stream?
First Internet Bancorp pays a dividend of 0.75%, compared to the Banks - Regional industry's average dividend yield of 3.89%. If you owned $1,000 of INBK stock, you would have been paid $7.46 in the past year.
First Internet Bancorp dividend payments have not consistently grown over the past decade but have remained stable.
Find more data about First Internet Bancorp dividend yield and history here.
Get analysis from other traders
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your INBK purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Click the Open Trade button and your broker will place the order.
If you require more assistance buying stocks on eToro, click the helpful video below:
Step 6: Monitor your INBK position
Now that you own some shares in INBK, you'll want to keep up with your new investment.
Start a watchlist to get the latest updates about your INBK stock.
INBK Feed
How to Buy Stock in First Internet Bancorp
To summarize, here are the 6 steps to buy First Internet Bancorp stock:
- Choose where to buy First Internet Bancorp stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze First Internet Bancorp stock
- Make your INBK purchase
- Monitor your INBK position
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in First Internet Bancorp, add INBK to your watchlist by clicking the button below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.