First Internet Bancorp (INBK) Stock Forecast, Price Target & Predictions
INBK Stock Forecast
First Internet Bancorp stock forecast is as follows: an average price target of $42.75 (represents a 13.76% upside from INBK’s last price of $37.58) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
INBK Price Target
The average price target for First Internet Bancorp (INBK) is $42.75 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $40.50. This represents a potential 13.76% upside from INBK's last price of $37.58.
INBK Analyst Ratings
According to 3 Wall Street analysts, First Internet Bancorp's rating consensus is 'Hold'. The analyst rating breakdown for INBK stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
First Internet Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Nathan Race | Piper Sandler | $40.50 | $39.10 | 3.58% | 7.77% |
| Jul 26, 2024 | George Sutton | Craig-Hallum | $45.00 | $37.95 | 18.59% | 19.74% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $34.00 | $31.25 | 8.80% | -9.53% |
The latest First Internet Bancorp stock forecast, released on Jul 29, 2024 by Nathan Race from Piper Sandler, set a price target of $40.50, which represents a 3.58% increase from the stock price at the time of the forecast ($39.10), and a 7.77% increase from INBK last price ($37.58).
First Internet Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $39.83 |
| Last Closing Price | $37.58 | $37.58 | $37.58 |
| Upside/Downside | -100.00% | -100.00% | 5.99% |
In the current month, the average price target of First Internet Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to First Internet Bancorp's last price of $37.58. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 26, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Apr 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Dec 18, 2023 | Craig-Hallum | Buy | Upgrade | |
| Oct 23, 2022 | Keefe Bruyette & Woods | Market Perform | Downgrade |
First Internet Bancorp's last stock rating was published by Piper Sandler on Jul 29, 2024. The company gave INBK a "Neutral" rating, the same as its previous rate.
First Internet Bancorp Financial Forecast
First Internet Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $73.67M | $23.45M | $22.94M | $23.04M | $26.46M | $27.17M | $29.30M | $30.99M | $30.55M | $28.35M | $27.50M | $28.37M | $30.89M | $28.32M | $19.00M | $20.63M | $20.49M | $20.55M |
| Avg Forecast | $48.70M | $47.50M | $43.90M | $41.80M | $41.55M | $40.49M | $38.20M | $36.49M | $36.53M | $34.75M | $31.38M | $29.76M | $26.01M | $25.32M | $24.45M | $26.18M | $28.18M | $32.87M | $33.49M | $32.14M | $31.56M | $31.21M | $32.71M | $30.05M | $28.57M | $23.07M | $21.87M | $21.64M | $20.58M | $20.54M |
| High Forecast | $49.16M | $47.95M | $44.31M | $42.19M | $41.95M | $40.88M | $38.56M | $36.83M | $36.78M | $35.08M | $31.68M | $30.04M | $26.32M | $32.79M | $24.68M | $26.42M | $28.45M | $32.87M | $33.49M | $32.14M | $31.56M | $31.21M | $32.71M | $30.05M | $28.57M | $23.07M | $21.87M | $21.64M | $20.58M | $20.54M |
| Low Forecast | $48.00M | $46.82M | $43.27M | $41.20M | $40.95M | $39.91M | $37.65M | $35.96M | $36.27M | $34.25M | $30.93M | $29.33M | $25.69M | $22.25M | $24.10M | $25.80M | $27.77M | $32.87M | $33.49M | $32.14M | $31.56M | $31.21M | $32.71M | $30.05M | $28.57M | $23.07M | $21.87M | $21.64M | $20.58M | $20.54M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.83% | 0.93% | 0.94% | 0.88% | 0.94% | 0.83% | 0.87% | 0.96% | 0.97% | 0.91% | 0.84% | 0.94% | 1.08% | 1.23% | 0.87% | 0.95% | 1.00% | 1.00% |
First Internet Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $29.76M, with a low forecast of $29.33M, and a high forecast of $30.04M. INBK's average Quarter revenue forecast represents a -59.61% decrease compared to the company's last Quarter revenue of $73.67M (Dec 23).
First Internet Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.08M | $3.65M | $29.32M | $12.11M | $31.27M | $41.99M | $45.55M | $27.30M | $29.04M | $31.00M | $25.34M | $31.06M | $28.15M | $25.54M | $29.30M | $32.02M | $30.96M |
| Avg Forecast | $13.76M | $13.42M | $12.40M | $11.81M | $11.74M | $11.44M | $10.79M | $10.31M | $10.32M | $9.82M | $8.87M | $8.41M | $7.35M | $7.16M | $6.91M | $7.40M | $26.69M | $13.39M | $13.64M | $13.09M | $12.86M | $12.72M | $13.33M | $22.68M | $11.64M | $9.40M | $8.91M | $8.81M | $8.38M | $8.37M |
| High Forecast | $13.89M | $13.55M | $12.52M | $11.92M | $11.85M | $11.55M | $10.90M | $10.41M | $10.39M | $9.91M | $8.95M | $8.49M | $7.44M | $9.26M | $6.97M | $7.47M | $32.03M | $13.39M | $13.64M | $13.09M | $12.86M | $12.72M | $13.33M | $27.21M | $11.64M | $9.40M | $8.91M | $8.81M | $8.38M | $8.37M |
| Low Forecast | $13.56M | $13.23M | $12.23M | $11.64M | $11.57M | $11.28M | $10.64M | $10.16M | $10.25M | $9.68M | $8.74M | $8.29M | $7.26M | $6.29M | $6.81M | $7.29M | $21.35M | $13.39M | $13.64M | $13.09M | $12.86M | $12.72M | $13.33M | $18.14M | $11.64M | $9.40M | $8.91M | $8.81M | $8.38M | $8.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.53% | 3.96% | 0.45% | 2.34% | 3.08% | 3.48% | 2.12% | 2.28% | 2.33% | 1.12% | 2.67% | 2.99% | 2.87% | 3.32% | 3.82% | 3.70% |
2 analysts predict INBK's average Quarter EBITDA for Dec 23 to be $7.35M, with a high of $7.44M and a low of $7.26M. This is 138.34% upper than First Internet Bancorp's previous annual EBITDA (Sep 23) of $3.08M.
First Internet Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $4.14M | $3.41M | $3.88M | $-1.30M | $6.35M | $8.44M | $9.54M | $11.21M | $12.48M | $12.09M | $13.10M | $10.45M | $11.09M | $8.41M | $3.93M | $6.02M | $7.10M | $6.33M |
| Avg Forecast | $12.26M | $12.62M | $10.79M | $10.25M | $10.30M | $10.08M | $8.51M | $7.58M | $8.03M | $7.21M | $6.22M | $26.44M | $2.72M | $3.14M | $3.35M | $24.03M | $12.20M | $9.78M | $9.73M | $21.85M | $10.21M | $9.80M | $10.32M | $9.35M | $7.34M | $3.74M | $2.89M | $5.25M | $4.95M | $5.25M |
| High Forecast | $12.41M | $12.78M | $10.93M | $10.38M | $10.43M | $10.21M | $8.61M | $7.68M | $8.13M | $7.28M | $6.22M | $31.72M | $3.28M | $3.58M | $3.39M | $28.84M | $14.64M | $9.78M | $9.86M | $26.22M | $10.21M | $10.29M | $10.32M | $11.22M | $7.34M | $3.74M | $2.89M | $6.30M | $4.95M | $5.25M |
| Low Forecast | $12.03M | $12.39M | $10.59M | $10.06M | $10.11M | $9.90M | $8.35M | $7.44M | $7.95M | $7.14M | $6.22M | $21.15M | $2.15M | $2.44M | $3.29M | $19.23M | $9.76M | $9.78M | $9.60M | $17.48M | $10.21M | $9.31M | $10.32M | $7.48M | $7.34M | $3.74M | $2.89M | $4.20M | $4.95M | $5.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.52% | 1.09% | 1.16% | -0.05% | 0.52% | 0.86% | 0.98% | 0.51% | 1.22% | 1.23% | 1.27% | 1.12% | 1.51% | 2.25% | 1.36% | 1.15% | 1.43% | 1.21% |
First Internet Bancorp's average Quarter net income forecast for Mar 24 is $26.44M, with a range of $21.15M to $31.72M. INBK's average Quarter net income forecast represents a 538.10% increase compared to the company's last Quarter net income of $4.14M (Dec 23).
First Internet Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.33M | $12.35M | $13.18M | $11.60M | $12.19M | $12.53M | $11.36M | $11.79M | $10.74M | $10.76M | $11.06M | $10.45M | $10.79M | $8.97M | $9.01M | $8.49M | $7.72M |
| Avg Forecast | $26.12M | $25.47M | $23.54M | $22.42M | $22.28M | $21.72M | $20.49M | $19.57M | $19.59M | $18.64M | $16.83M | $2.75M | $13.95M | $13.58M | $13.11M | $2.50M | $11.53M | $18.58M | $18.93M | $2.27M | $17.84M | $17.64M | $18.49M | $9.89M | $16.14M | $13.04M | $12.36M | $7.86M | $11.63M | $11.61M |
| High Forecast | $26.36M | $25.71M | $23.77M | $22.63M | $22.49M | $21.92M | $20.68M | $19.75M | $19.73M | $18.81M | $16.99M | $3.30M | $14.12M | $17.58M | $13.24M | $3.00M | $13.83M | $18.58M | $18.93M | $2.73M | $17.84M | $17.64M | $18.49M | $11.87M | $16.14M | $13.04M | $12.36M | $9.43M | $11.63M | $11.61M |
| Low Forecast | $25.74M | $25.11M | $23.20M | $22.09M | $21.96M | $21.40M | $20.19M | $19.28M | $19.45M | $18.37M | $16.59M | $2.20M | $13.78M | $11.93M | $12.92M | $2.00M | $9.22M | $18.58M | $18.93M | $1.82M | $17.84M | $17.64M | $18.49M | $7.92M | $16.14M | $13.04M | $12.36M | $6.29M | $11.63M | $11.61M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.94% | 5.27% | 1.01% | 0.66% | 0.66% | 5.00% | 0.66% | 0.61% | 0.58% | 1.12% | 0.65% | 0.83% | 0.73% | 1.15% | 0.73% | 0.67% |
First Internet Bancorp's average Quarter SG&A projection for Dec 23 is $13.95M, based on 2 Wall Street analysts, with a range of $13.78M to $14.12M. The forecast indicates a 4.59% rise compared to INBK last annual SG&A of $13.33M (Sep 23).
First Internet Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 5 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.48 | $0.39 | $0.44 | $-0.14 | $0.68 | $0.89 | $0.99 | $1.14 | $1.26 | $1.22 | $1.32 | $1.06 | $1.12 | $0.86 | $0.40 | $0.62 | $0.72 | $0.63 |
| Avg Forecast | $1.40 | $1.44 | $1.23 | $1.17 | $1.18 | $1.15 | $0.97 | $0.86 | $0.92 | $0.82 | $0.71 | $0.54 | $0.31 | $0.36 | $0.38 | $0.41 | $0.70 | $1.13 | $1.12 | $1.04 | $1.18 | $1.13 | $1.19 | $0.93 | $0.85 | $0.43 | $0.33 | $0.55 | $0.57 | $0.61 |
| High Forecast | $1.42 | $1.46 | $1.25 | $1.18 | $1.19 | $1.16 | $0.98 | $0.88 | $0.93 | $0.83 | $0.71 | $0.54 | $0.37 | $0.41 | $0.39 | $0.41 | $0.71 | $1.13 | $1.14 | $1.04 | $1.18 | $1.19 | $1.19 | $0.93 | $0.85 | $0.43 | $0.33 | $0.55 | $0.57 | $0.61 |
| Low Forecast | $1.37 | $1.41 | $1.21 | $1.15 | $1.15 | $1.13 | $0.95 | $0.85 | $0.91 | $0.81 | $0.71 | $0.53 | $0.25 | $0.28 | $0.37 | $0.40 | $0.69 | $1.13 | $1.11 | $1.04 | $1.18 | $1.08 | $1.19 | $0.93 | $0.85 | $0.43 | $0.33 | $0.55 | $0.57 | $0.61 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.55% | 1.09% | 1.15% | -0.34% | 0.97% | 0.79% | 0.88% | 1.09% | 1.07% | 1.08% | 1.11% | 1.14% | 1.32% | 1.99% | 1.20% | 1.12% | 1.26% | 1.04% |
According to 1 Wall Street analysts, First Internet Bancorp's projected average Quarter EPS for Mar 24 is $0.54, with a low estimate of $0.53 and a high estimate of $0.54. This represents a 11.67% increase compared to INBK previous annual EPS of $0.48 (Dec 23).
First Internet Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $36.35 | $42.00 | 15.54% | Buy |
| FFNW | First Financial Northwest | $21.85 | $23.50 | 7.55% | Hold |
| INBK | First Internet Bancorp | $40.04 | $42.75 | 6.77% | Hold |
| FNWB | First Northwest Bancorp | $10.36 | $11.00 | 6.18% | Hold |
| HBCP | Home Bancorp | $48.80 | $50.00 | 2.46% | Buy |
| HFWA | Heritage Financial | $25.67 | $26.00 | 1.29% | Hold |
| FCCO | First Community | $25.95 | $21.00 | -19.08% | Buy |
| QCRH | QCR | $86.25 | $64.00 | -25.80% | Buy |