Analyst Price Target is $40.50
▲ +69.60% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for First Internet Bancorp in the last 3 months. The average price target is $40.50, with a high forecast of $45.00 and a low forecast of $38.00. The average price target represents a 69.60% upside from the last price of $23.88.
Current Consensus is
Moderate Buy
The current consensus among 4 polled investment analysts is to moderate buy stock in First Internet Bancorp. This rating has held steady since April 2024, when it changed from a Hold consensus rating.
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity, line of credit and home improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; franchise finance; and small business lending. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of public and municipal lending and leasing products to government entities. Further, the company offers corporate credit card and treasury management services. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.
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