First Internet Bancorp (NASDAQ:INBK) Sentiment Improved, Despite

November 10, 2018 - By Nellie Frank

First Internet Bancorp (NASDAQ:INBK) Logo

Sentiment for First Internet Bancorp (NASDAQ:INBK)

First Internet Bancorp (NASDAQ:INBK) institutional sentiment increased to 3.19 in 2018 Q2. Its up 2.26, from 0.93 in 2018Q1. The ratio has improved, as 67 investment managers increased and opened new positions, while 21 decreased and sold stock positions in First Internet Bancorp. The investment managers in our partner’s database now hold: 13.51 million shares, up from 5.61 million shares in 2018Q1. Also, the number of investment managers holding First Internet Bancorp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 10 Reduced: 11 Increased: 47 New Position: 20.

First Internet Bancorp operates as a bank holding firm for First Internet Bank of Indiana that provides commercial and retail banking services and products in the United States. The company has market cap of $257.60 million. The firm offers savings accounts, non-interest bearing and interest-bearing accounts, money market accounts, brokered deposit accounts, and certificates of deposit. It has a 10.18 P/E ratio. It also provides loans to individuals, including residential real estate loans, home equity loans and lines of credit, and consumer loans; and loans to commercial clients, such as commercial real estate loans, commercial and industrial loans, public and single tenant lease financing, investor commercial real estate and construction loans, lines of credit, term loans, owner-occupied commercial real estate loans, letters of credit, and municipal lending and leasing products, as well as corporate credit card and treasury management services.

The stock decreased 5.17% or $1.38 during the last trading session, reaching $25.3. About 32,225 shares traded. First Internet Bancorp (NASDAQ:INBK) has declined 0.48% since November 10, 2017 and is downtrending. It has underperformed by 16.10% the S&P500.

Stieven Capital Advisors L.P. holds 4.09% of its portfolio in First Internet Bancorp for 820,476 shares. Signia Capital Management Llc owns 114,334 shares or 3.44% of their US portfolio. Moreover, Tieton Capital Management Llc has 2.95% invested in the company for 111,870 shares. The Illinois-based Perritt Capital Management Inc has invested 1.71% in the stock. Thomson Horstmann & Bryant Inc, a Connecticut-based fund reported 293,244 shares.

Since January 1, 0001, it had 2 buys, and 0 selling transactions for $170,225 activity.

More recent First Internet Bancorp (NASDAQ:INBK) news were published by: Seekingalpha.com which released: “First Internet Bancorp (INBK) CEO David Becker on Q3 2018 Results – Earnings Call Transcript” on October 25, 2018. Also Businesswire.com published the news titled: “First Internet Bancorp to Participate in Upcoming Investor Conferences” on October 31, 2018. Streetinsider.com‘s news article titled: “First Internet Bancorp (INBK) Reports In-Line Q2 EPS” with publication date: October 24, 2018 was also an interesting one.

First Internet Bancorp (NASDAQ:INBK) Institutional Positions Chart

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