INBK Stock Summary and Trading Ideas (First Internet Bancorp | NASDAQ:INBK)

First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.

First Internet Bancorp trades on the NASDAQ stock market under the symbol INBK.

As of April 19, 2024, INBK stock price climbed to $31.90 with 49,828 million shares trading.

INBK has a beta of 2.41, meaning it tends to be more sensitive to market movements. INBK has a correlation of 0.20 to the broad based SPY ETF.

INBK has a market cap of $276.12 million. This is considered a Small Cap stock.

Last quarter First Internet Bancorp reported $27 million in Revenue and $.48 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.17.

In the last 3 years, INBK stock traded as high as $53.56 and as low as $9.68.

The top ETF exchange traded funds that INBK belongs to (by Net Assets): VTI, VXF, DWAS, AVUV, DFAT.

INBK has outperformed the market in the last year with a price return of +108.4% while the SPY ETF gained +21.1%. INBK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +27.3% and -0.9%, respectively, while the SPY returned +4.2% and -3.5%, respectively.

INBK support price is $29.98 and resistance is $32.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INBK stock will trade within this expected range on the day.