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 $12.01, down 1.19% from the previous day, and has decreased 68.85% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.51 percentage points. First Internet Bancorp stock is currently +24.02% from its 52-week low of $9.68, and -70.08% from its 52-week high of $40.12.
There are currently 8.91M INBK shares outstanding. The market cap of INBK is $106.91M. In the last 24 hours, 102,232 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
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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.
- Enter your personal details to open a new brokerage account.
- Send your information by clicking the "Create Account" button.
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 5.36x, relative to Banks - Regional industry P/E ratio of 20.04x
- INBK may be undervalued based on its P/B ratio of 0.3x, relative to Banks - Regional industry P/B ratio of 0.88x
You can do more valuation research on INBK's stock here.
INBK Financial Overview
Positive Health Checks:
- INBK earnings of $21.75M is not sufficient to cover its interest payments.
Negative Health Checks:
- INBK's operating cash flow of $55.84M allows it to safely service it's debt of $719.54M.
- INBK has a relatively high debt to equity ratio of 12.28.
- Total INBK debt is higher than 5 years ago, relative to shareholder equity.
- INBK profit margin has gone down from 39.9% to 21.9% 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.
Most Recent INBK Analyst Ratings
Nathan Race, a top 22% analyst from Piper Sandler maintains INBK with a hold rating and lowers their INBK price target from $16.50 to $12.00, on May 5, 2023.
Michael Perito, a top 22% analyst from Keefe, Bruyette & Woods maintains INBK with a hold rating and lowers their INBK price target from $27.00 to $22.00, on May 1, 2023.
George Sutton, a top 20% analyst from Craig-Hallum maintains INBK with a hold rating and lowers their INBK price target from $27.00 to $18.00, on Apr 28, 2023.
You can dive deeper into what analysts are saying on the First Internet Bancorp stock forecast page.
INBK Momentum
Is INBK Making Money?
Last year, INBK earnings were $21.32M. During the last 5 year, INBK's earnings have increased by -1.53% per year. This was slower than the Banks - Regional industry average of 20.03%.
Last year, INBK revenue was $97.20M. Over the last 5 year, INBK's revenue has gone up by 8.65% per year. This was faster than the Banks - Regional industry average of 6.1%.
You can analyze INBK's earnings and revenue performance here.
Who is buying/selling INBK?
Over the past year, executives and large shareholders at INBK have bought more shares than they have sold.
David B. Becker, Chairman and CEO of INBK, was the latest INBK insider to buy. They bought $50,250.00 worth of INBK stock on May 12, 2023.
Get more info about who owns INBK shares here.
Does INBK stock generate passive income?
First Internet Bancorp pays a dividend of 2%, compared to the Banks - Regional industry's average dividend yield of 4.25%. If you owned $1,000 of INBK stock, you would have received $19.99 in the past year.
First Internet Bancorp dividend payments have not consistently grown over the past decade but have remained stable.
Dig into more info about First Internet Bancorp dividend yield and history here.
Get opinions from other investors
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Step 5: Make your INBK purchase
There are two primary 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 usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Hit the Open button and eToro will place your order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your INBK position
Now that you own some INBK shares, you'll want to stay up-to-date on your shares.
Put INBK on a watchlist to get notified of the latest news about your INBK stock.
INBK Feed
How to Buy Stock in First Internet Bancorp
To reiterate, here are the 6 steps for buying 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 account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your investment in First Internet Bancorp, add INBK to your watchlist below.
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