Ownership Action Report: Institutional Investor’s Pro-First Internet Bancorp (NASDAQ:INBK) Sentiment In Q2 2016

November 15, 2016 - By Vivian Park   ·   0 Comments

Ownership Action Report: Institutional Investor's Pro First Internet Bancorp (NASDAQ:INBK) Sentiment In  Q2 2016

Sentiment for First Internet Bancorp (NASDAQ:INBK)

First Internet Bancorp (NASDAQ:INBK) institutional sentiment increased to 2.05 in Q2 2016. Its up 0.68, from 1.37 in 2016Q1. The ratio is positive, as 39 active investment managers started new and increased equity positions, while 19 sold and decreased stock positions in First Internet Bancorp. The active investment managers in our partner’s database reported: 2.43 million shares, up from 1.25 million shares in 2016Q1. Also, the number of active investment managers holding First Internet Bancorp in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 10 Reduced: 9 Increased: 21 New Position: 18.

First Internet Bancorp is a bank holding firm that conducts its business activities through its subsidiary, First Internet Bank of Indiana . The company has a market cap of $162.41 million. The Firm offers a complement of services and products on a nationwide basis. It has a 13.47 P/E ratio. The Firm conducts its deposit activities primarily over the Internet.

About 11,799 shares traded hands. First Internet Bancorp (NASDAQ:INBK) has risen 30.96% since April 13, 2016 and is uptrending. It has outperformed by 27.04% the S&P500.

According to Zacks Investment Research, “First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana. The Bank operates through the internet primarily in the United States. Its services includes checking accounts, regular and money market savings accounts, consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First Internet Bancorp is based in Indianapolis, United States.”

Signia Capital Management Llc holds 3.62% of its portfolio in First Internet Bancorp for 47,901 shares. Stieven Capital Advisors L.P. owns 423,300 shares or 2.81% of their US portfolio. Moreover, Kessler Investment Group Llc has 1.19% invested in the company for 34,942 shares. The Illinois-based Perritt Capital Management Inc has invested 1.09% in the stock. Oberweis Asset Management Inc, a Illinois-based fund reported 26,960 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 sales for $128,650 net activity.

INBK Company Profile

First Internet Bancorp, incorporated on September 15, 2005, is a bank holding firm that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Firm offers a complement of services and products on a nationwide basis. The Firm conducts its deposit activities primarily over the Internet. The Firm also offers 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 Bank provides commercial and retail banking services, with activities conducted on the Internet at www.firstib.com. The Bank’s subsidiary, JKH Realty Services, LLC, manages real estate owned properties.

More notable recent First Internet Bancorp (NASDAQ:INBK) news were published by: Ibj.com which released: “First Internet Bancorp builds war chest for growth” on July 30, 2016, also Businesswire.com with their article: “First Internet Bancorp Announces Completion of $25 Million Subordinated Notes …” published on August 19, 2016, Businesswire.com published: “First Internet Bancorp Announces Pricing of $25 Million of Subordinated Notes” on September 28, 2016. More interesting news about First Internet Bancorp (NASDAQ:INBK) were released by: Seekingalpha.com and their article: “First Internet Bancorp: An Undervalued Growing Small-Cap Bank” published on November 20, 2015 as well as Businesswire.com‘s news article titled: “First Internet Bancorp Announces “At-The-Market” Offering of Common Stock” with publication date: May 06, 2016.

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By Vivian Park


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