Today, a Director at First Internet Bancorp (NASDAQ: INBK), Jerry Williams, bought shares of INBK for $38.82K.
Following this transaction Jerry Williams’ holding in the company was increased by 2.6% to a total of $1.51 million.
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Based on First Internet Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $32.22 million and quarterly net profit of $6.29 million. In comparison, last year the company earned revenue of $25.75 million and had a net profit of $4.9 million. INBK’s market cap is $261.1M and the company has a P/E ratio of 10.68. Currently, First Internet Bancorp has an average volume of 34.63K.
Starting in December 2017, INBK received 21 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.33, reflecting a 48.6% upside. Three different firms, including Sandler O’Neill and Craig-Hallum, currently also have a Buy rating on the stock.
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First Internet Bancorp engages in the provision of online commercial and retail banking products and services, through its subsidiary. It 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. The company was founded on September 15, 2005 and is headquartered in Indianapolis, IN.
