First Internet Bancorp (NASDAQ: INBK) stock enjoyed a major increase of 10.3% on 11/14/23. The shares closed at $17.85. The stock has performed in line with the market over the last nine months and has risen 4.7% during the last week.
Current PriceTarget Research Rating
INBK is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
First Internet Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Internet Bancorp has a good Appreciation Score of 85 but a neutral Power Rating of 44, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment