First Internet Bancorp Q2 profit jumps as revenue rises
INBK•Analyst coverage
The current average analyst rating on the shares is hold, and the breakdown of recommendations is 2 strong buy or buy, 3 hold and no sell or strong sell.
The average consensus recommendation for the banks peer group is buy.
Wall Street's median 12-month price target for First Internet Bancorp is $28.00, about 4.8% above its July 29 closing price of $26.72.
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago.
Q2 profit and revenue rise
First Internet Bancorp reported second-quarter net income and EPS up sharply from the prior year.
The US digital bank holding company said Q2 revenue rose 23% year over year, supported by strong noninterest income and net interest growth.
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