First Internet Bancorp (INBK) Stock Forecast, Price Target & Predictions


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INBK Stock Forecast


First Internet Bancorp stock forecast is as follows: an average price target of $42.75 (represents a 8.23% upside from INBK’s last price of $39.50) 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 8.23% upside from INBK's last price of $39.50.

INBK Analyst Ratings


Hold

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 29, 2024Nathan RacePiper Sandler$40.50$39.103.58%2.53%
Jul 26, 2024George SuttonCraig-Hallum$45.00$37.9518.59%13.92%
Apr 29, 2024Nathan RacePiper Sandler$34.00$31.258.80%-13.92%
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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 2.53% increase from INBK last price ($39.50).

First Internet Bancorp Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$39.83
Last Closing Price$39.50$39.50$39.50
Upside/Downside-100.00%-100.00%0.84%

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 $39.50. 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


DateCompanyPrevious RatingNew RatingRating Change
Jul 29, 2024Piper SandlerNeutralNeutralHold
Jul 26, 2024Craig-HallumBuyBuyHold
Apr 29, 2024Piper SandlerNeutralNeutralHold
Dec 18, 2023Craig-Hallum-BuyUpgrade
Oct 23, 2022Keefe Bruyette & Woods-Market PerformDowngrade
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$49.12M$47.91M$44.28M$42.16M$41.92M$40.85M$38.53M$36.80M$36.78M$35.05M$31.66M$30.02M$26.32M$32.79M$24.66M$26.40M$28.43M$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$48.11M$46.92M$43.36M$41.29M$41.05M$40.00M$37.73M$36.04M$36.27M$34.33M$31.00M$29.40M$25.69M$22.25M$24.15M$25.86M$27.84M$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
# Analysts111111123211252213334444464474
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 $29.40M, and a high forecast of $30.02M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111123211252213334444464474
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$14.99M$14.62M$13.52M$12.87M$12.79M$12.47M$11.76M$11.23M$11.25M$10.70M$9.66M$9.16M$8.01M$7.80M$7.53M$8.06M$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$15.12M$14.75M$13.63M$12.98M$12.91M$12.58M$11.86M$11.33M$11.32M$10.79M$9.75M$9.24M$8.10M$10.09M$7.59M$8.13M$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$14.81M$14.45M$13.35M$12.71M$12.64M$12.32M$11.62M$11.10M$11.17M$10.57M$9.54M$9.05M$7.91M$6.85M$7.44M$7.96M$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 %-------------0.40%0.48%3.64%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 $8.01M, with a high of $8.10M and a low of $7.91M. This is 159.71% upper than First Internet Bancorp's previous annual EBITDA (Sep 23) of $3.08M.

First Internet Bancorp Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111123211252213334444464474
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$12.40M$12.77M$10.91M$10.37M$10.42M$10.20M$8.60M$7.67M$8.12M$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$12.07M$12.42M$10.62M$10.09M$10.14M$9.92M$8.37M$7.46M$7.95M$7.14M$6.22M$21.15M$2.15M$2.44M$3.30M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111123211252213334444464474
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$26.34M$25.70M$23.75M$22.61M$22.48M$21.91M$20.66M$19.74M$19.73M$18.80M$16.98M$3.30M$14.12M$17.58M$13.23M$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$25.80M$25.16M$23.26M$22.14M$22.01M$21.45M$20.24M$19.33M$19.45M$18.41M$16.63M$2.20M$13.78M$11.93M$12.95M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111123211252213334444464474
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$1.41$1.46$1.24$1.18$1.19$1.16$0.98$0.87$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$1.38$1.42$1.21$1.15$1.16$1.13$0.95$0.85$0.91$0.81$0.71$0.53$0.25$0.28$0.38$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HTBIHomeTrust Bancshares$37.04$42.0013.39%Buy
INBKFirst Internet Bancorp$39.50$42.758.23%Hold
FFNWFirst Financial Northwest$22.38$23.505.00%Hold
HBCPHome Bancorp$48.08$50.003.99%Buy
FNWBFirst Northwest Bancorp$10.73$11.002.52%Hold
HFWAHeritage Financial$25.49$26.002.00%Hold
FCCOFirst Community$24.33$21.00-13.69%Buy
QCRHQCR$89.31$64.00-28.34%Buy

INBK Forecast FAQ


Is First Internet Bancorp a good buy?

No, according to 3 Wall Street analysts, First Internet Bancorp (INBK) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of INBK's total ratings.

What is INBK's price target?

First Internet Bancorp (INBK) average price target is $42.75 with a range of $40.5 to $45, implying a 8.23% from its last price of $39.5. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will First Internet Bancorp stock go up soon?

According to Wall Street analysts' prediction for INBK stock, the company can go up by 8.23% (from the last price of $39.5 to the average price target of $42.75), up by 13.92% based on the highest stock price target, and up by 2.53% based on the lowest stock price target.

Can First Internet Bancorp stock reach $60?

INBK's average twelve months analyst stock price target of $42.75 does not support the claim that First Internet Bancorp can reach $60 in the near future.

What are First Internet Bancorp's analysts' financial forecasts?

First Internet Bancorp's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $156.73M (high $158.1M, low $154.82M), average EBITDA is $48.26M (high $48.68M, low $47.67M), average net income is $36.48M (high $36.89M, low $35.9M), average SG&A $84.05M (high $84.79M, low $83.03M), and average EPS is $4.16 (high $4.21, low $4.09). INBK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $181.9M (high $183.49M, low $179.68M), average EBITDA is $56M (high $56.49M, low $55.32M), average net income is $45.93M (high $46.45M, low $45.2M), average SG&A $97.55M (high $98.4M, low $96.36M), and average EPS is $5.24 (high $5.3, low $5.15).

Did the INBK's actual financial results beat the analysts' financial forecasts?

Based on First Internet Bancorp's last annual report (Dec 2023), the company's revenue was $265.49M, beating the average analysts forecast of $101.95M by 160.40%. Apple's EBITDA was $0, missing the average prediction of $31.39M by -100.00%. The company's net income was $8.42M, missing the average estimation of $33.24M by -74.68%. Apple's SG&A was $5.65M, missing the average forecast of $43.14M by -86.91%. Lastly, the company's EPS was $0.95, missing the average prediction of $1.46 by -34.75%. In terms of the last quarterly report (Dec 2023), First Internet Bancorp's revenue was $73.67M, beating the average analysts' forecast of $26.01M by 183.30%. The company's EBITDA was $0, missing the average prediction of $8.01M by -100.00%. First Internet Bancorp's net income was $4.14M, beating the average estimation of $2.72M by 52.41%. The company's SG&A was $0, missing the average forecast of $13.95M by -100.00%. Lastly, the company's EPS was $0.48, beating the average prediction of $0.31 by 54.84%