In a report released today, Michael Diana from Maxim Group maintained a Hold rating on First Internet Bancorp (INBK). The company’s shares closed on Friday at $22.58.
Diana wrote:
“INBK reported 1Q19 EPS of $0.56, versus consensus of $0.51 and our estimate of $0.56. The main reason for the beat was low expectations. The net interest margin (NIM) was down 3bps linked-quarter; management guided to a 2Q19 decline of 3bps-5bps, so we are lowering our 2019 EPS estimate to $2.34, from $2.50. Based on our new 2020 EPS estimate of $2.83, we are maintaining our Hold rating.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.2% and a 60.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
The the analyst consensus on First Internet Bancorp is currently a Hold rating.
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The company has a one-year high of $37 and a one-year low of $17.56. Currently, First Internet Bancorp has an average volume of 44.58K.
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First Internet Bancorp engages in the provision of online commercial and retail banking products and services. 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.
