Investors Buy Large Volume of First Internet Bancorp Call Options (NASDAQ:INBK)

First Internet Bancorp (NASDAQ:INBK) was the target of unusually large options trading activity on Friday. Stock traders bought 4,968 call options on the company. This is an increase of 22,482% compared to the typical daily volume of 22 call options.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INBK shares. Weiss Ratings upgraded shares of First Internet Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Benchmark lifted their price target on shares of First Internet Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen upgraded First Internet Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Keefe, Bruyette & Woods raised their price objective on First Internet Bancorp from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Finally, Piper Sandler lifted their price objective on First Internet Bancorp from $26.00 to $29.50 and gave the company a “neutral” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, First Internet Bancorp presently has an average rating of “Hold” and an average price target of $29.38.

Institutional Trading of First Internet Bancorp

Large investors have recently bought and sold shares of the business. Heartland Advisors Inc. increased its position in First Internet Bancorp by 33.4% during the 1st quarter. Heartland Advisors Inc. now owns 384,900 shares of the bank’s stock worth $7,844,000 after purchasing an additional 96,305 shares in the last quarter. Aegis Financial Corp grew its stake in shares of First Internet Bancorp by 41.5% during the first quarter. Aegis Financial Corp now owns 354,261 shares of the bank’s stock worth $7,220,000 after buying an additional 103,941 shares during the last quarter. Gator Capital Management LLC increased its holdings in shares of First Internet Bancorp by 62.7% during the fourth quarter. Gator Capital Management LLC now owns 75,555 shares of the bank’s stock worth $1,577,000 after buying an additional 29,122 shares in the last quarter. Simcoe Capital LLC acquired a new position in shares of First Internet Bancorp during the fourth quarter worth $1,935,000. Finally, Versant Capital Management Inc lifted its stake in shares of First Internet Bancorp by 7.3% in the 2nd quarter. Versant Capital Management Inc now owns 5,533 shares of the bank’s stock valued at $154,000 after acquiring an additional 376 shares during the last quarter. 65.46% of the stock is owned by institutional investors and hedge funds.

First Internet Bancorp Price Performance

INBK stock traded up $3.18 during mid-day trading on Friday, hitting $29.47. The stock had a trading volume of 248,030 shares, compared to its average volume of 52,450. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. First Internet Bancorp has a 52 week low of $17.05 and a 52 week high of $30.05. The firm has a market capitalization of $256.89 million, a P/E ratio of -7.65 and a beta of 0.83. The firm has a fifty day simple moving average of $25.98 and a 200 day simple moving average of $23.30.

First Internet Bancorp (NASDAQ:INBK) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $41.12 million during the quarter, compared to the consensus estimate of $43.83 million. First Internet Bancorp had a negative net margin of 9.60% and a negative return on equity of 1.14%. First Internet Bancorp has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, research analysts forecast that First Internet Bancorp will post 1.98 EPS for the current year.

First Internet Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.06 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. First Internet Bancorp’s dividend payout ratio (DPR) is presently -6.23%.

Key Headlines Impacting First Internet Bancorp

Here are the key news stories impacting First Internet Bancorp this week:

• Positive Sentiment: Second-quarter diluted EPS rose to $0.27 from $0.02 a year earlier, surpassing Wall Street estimates. Net income increased to $2.4 million, while revenue grew 23% year over year to $41.1 million. First Internet Bancorp Q2 net income rises to $2.4 million
• Positive Sentiment: Management raised its full-year 2026 diluted EPS outlook to $2.35–$2.45, above the approximately $2.10 analyst consensus, signaling improved expectations for profitability.
• Positive Sentiment: Credit metrics improved: the provision for credit losses declined to $13.4 million from $16.3 million in the prior quarter, while nonperforming loans fell to 1.58% of total loans from 1.63%. Loan balances also increased approximately 1% sequentially. First Internet Bancorp Reports Second Quarter 2026 Results
• Positive Sentiment: Benchmark raised its price target from $33 to $35 and maintained a “buy” rating, implying meaningful additional upside based on the cited reference price. The Fly analyst update
• Positive Sentiment: Call-option purchases surged to 4,968 contracts versus a typical 22, suggesting unusually bullish speculative positioning, though options activity is not a fundamental indicator.
• Neutral Sentiment: Piper Sandler raised its target from $26 to $29.50 but kept a “neutral” rating, indicating limited upside at the cited trading level. Benzinga analyst update
• Negative Sentiment: Quarterly revenue of $41.1 million came in below the $43.8 million consensus estimate, and deposits declined 3% sequentially to $4.8 billion. These issues may raise concerns about growth and funding costs.

About First Internet Bancorp

First Internet Bancorp is the bank holding company for First Internet Bank of Indiana, a pioneer in digital banking in the United States. Established with a focus on online-only operations, the company offers fully integrated, web-based financial solutions without the overhead of physical branches. Headquartered in Indianapolis, Indiana, First Internet Bancorp leverages technology to deliver streamlined banking services to customers across the country.

The company’s core offerings include a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).