As First Internet Bancorp (INBK) Stock Price Declined, Stieven Capital Advisors LP Raised Holding by $6.93 Million

October 13, 2018 - By whatsonthorold

First Internet Bancorp (NASDAQ:INBK) LogoInvestors sentiment increased to 3.19 in Q2 2018. Its up 2.26, from 0.93 in 2018Q1. It is positive, as 10 investors sold INBK shares while 11 reduced holdings. 20 funds opened positions while 47 raised stakes. 13.51 million shares or 141.06% more from 5.61 million shares in 2018Q1 were reported. Renaissance Tech Limited Liability Corp holds 0% or 88,500 shares. Victory Cap Management stated it has 0% in First Internet Bancorp (NASDAQ:INBK). Nordea Inv Mgmt Ab holds 0% or 14,600 shares. Moreover, Thomson Horstmann And Bryant has 1.22% invested in First Internet Bancorp (NASDAQ:INBK). Invesco stated it has 13,894 shares or 0% of all its holdings. Brandywine Global Inv Mngmt Ltd Limited Liability Company stated it has 16,824 shares. Qs Invsts Limited Liability, New York-based fund reported 125 shares. The Colorado-based Jbf Cap has invested 0.59% in First Internet Bancorp (NASDAQ:INBK). Fifth Third Bank stated it has 590 shares. Franklin Resources has invested 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK). Moreover, New York State Common Retirement Fund has 0% invested in First Internet Bancorp (NASDAQ:INBK) for 20,592 shares. California State Teachers Retirement Systems owns 12,403 shares. Piedmont Advisors Limited Liability Company reported 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK). State Bank Of Montreal Can holds 0% or 525 shares. Perritt Cap has 173,440 shares.

Since July 26, 2018, it had 2 insider purchases, and 0 sales for $170,225 activity. Williams Jerry L. had bought 3,000 shares worth $93,000 on Thursday, July 26.

Stieven Capital Advisors Lp increased its stake in First Internet Bancorp (INBK) by 33.03% based on its latest 2018Q2 regulatory filing with the SEC. Stieven Capital Advisors Lp bought 203,700 shares as the company’s stock declined 10.36% while stock markets rallied. The hedge fund held 820,476 shares of the major banks company at the end of 2018Q2, valued at $27.98M, up from 616,776 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in First Internet Bancorp for a number of months, seems to be bullish on the $279.69 million market cap company. The stock decreased 3.92% or $1.12 during the last trading session, reaching $27.47. About 75,851 shares traded or 31.29% up from the average. First Internet Bancorp (NASDAQ:INBK) has declined 0.48% since October 13, 2017 and is downtrending. It has underperformed by 16.10% the S&P500.

More recent First Internet Bancorp (NASDAQ:INBK) news were published by: Businesswire.com which released: “First Internet Bancorp to Announce Third Quarter 2018 Financial Results on Wednesday, October 24” on October 10, 2018. Also Businesswire.com published the news titled: “First Internet Bancorp Named 2018 Bank & Thrift “Sm-All Star” by Sandler O’Neill + Partners, LP” on September 20, 2018. Businesswire.com‘s news article titled: “First Internet Bank Promotes Nick Campbell” with publication date: October 10, 2018 was also an interesting one.

First Internet Bancorp (NASDAQ:INBK) Ratings Coverage

Among 4 analysts covering First Internet Bancorp (NASDAQ:INBK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First Internet Bancorp had 4 analyst reports since April 20, 2018 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, April 20. The firm has “Buy” rating given on Friday, April 20 by Maxim Group. Sandler O’Neill maintained First Internet Bancorp (NASDAQ:INBK) on Friday, April 20 with “Buy” rating.

First Internet Bancorp (NASDAQ:INBK) Institutional Positions Chart

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