First Internet Bancorp (INBK) Stock AnalysisINBKFirst Internet Bancorp

First Internet Bancorp is a bank holding company, which is engaged in conducting its primary business activities through its wholly owned subsidiary, First Internet Bank of Indiana (the Bank), an Indiana chartered bank. The Bank offers a range of commercial, small business, consumer and municipal banking products and services. The Bank conducts its consumer and small business deposit operations primarily through digital channels on a nationwide basis and have no traditional branch offices. Its consumer lending products are primarily originated on a nationwide basis through relationships with dealerships and financing partners. The Bank's commercial banking products and services are delivered through a relationship banking model and include commercial and industrial (C&I) banking, construction and investor commercial real estate, single tenant lease financing, public finance, healthcare finance, small business lending, commercial deposits, and treasury management. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

First Internet Bancorp appears to be a good buy right now due to its current price of $26.85, which is below the average analyst price target of $31.25, indicating potential upside. The stock has shown strong performance with a year-to-date change of +31.42% and a 52-week high of $31.09, suggesting it is still positioned for growth. However, the main risk is the negative earnings surprise of -28.75% reported in the last earnings call, which could impact investor sentiment.

5 analysts cover INBK: 5 rate it Buy, 0 Hold and 0 Sell. The average price target is 27.33.