Insider Buying: First Internet Bancorp (NASDAQ:INBK) COO Buys 2,000 Shares of Stock

November 19, 2025 by InsiderTrades.com

Key Points

Insider purchase: First Internet Bancorp COO Nicole Lorch bought 2,000 shares on Nov. 17 at $17.96 each (~$35,920), increasing her holdings to 70,206 shares (a 2.93% rise).
The bank reported a negative EPS of ($1.43) for the quarter despite revenue beating expectations, and the stock trades near its 52‑week low (recent open $17.88) with a market cap around $155.7M.
Analyst sentiment is mixed-to-negative (consensus "Reduce", average price target $24.33), institutional ownership is high (~65%), and the company pays a small quarterly dividend (annualized $0.24; ~1.3% yield).

First Internet Bancorp (NASDAQ:INBK - Get Free Report) COO Nicole Lorch bought 2,000 shares of the company's stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $17.96 per share, with a total value of $35,920.00. Following the transaction, the chief operating officer owned 70,206 shares of the company's stock, valued at $1,260,899.76. The trade was a 2.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Internet Bancorp Stock Performance

Shares of NASDAQ INBK opened at $17.88 on Wednesday. The company has a market cap of $155.66 million, a P/E ratio of -4.71 and a beta of 0.93. First Internet Bancorp has a 52-week low of $17.05 and a 52-week high of $43.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.90 and a current ratio of 0.93. The firm's fifty day moving average is $21.10 and its two-hundred day moving average is $23.35.

First Internet Bancorp (NASDAQ:INBK - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The bank reported ($1.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($2.09). First Internet Bancorp had a negative net margin of 9.35% and a negative return on equity of 2.00%. The firm had revenue of $43.53 million for the quarter, compared to analysts' expectations of $33.48 million. As a group, analysts anticipate that First Internet Bancorp will post 4.11 EPS for the current fiscal year.

First Internet Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. First Internet Bancorp's payout ratio is presently -6.32%.

Institutional Trading of First Internet Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INBK. Vanguard Group Inc. lifted its stake in First Internet Bancorp by 1.3% in the third quarter. Vanguard Group Inc. now owns 435,025 shares of the bank's stock worth $9,758,000 after purchasing an additional 5,632 shares during the last quarter. Patriot Financial Partners GP LP lifted its stake in shares of First Internet Bancorp by 8.0% during the 1st quarter. Patriot Financial Partners GP LP now owns 403,482 shares of the bank's stock worth $10,805,000 after acquiring an additional 30,000 shares during the last quarter. Heartland Advisors Inc. lifted its stake in shares of First Internet Bancorp by 5.3% during the 3rd quarter. Heartland Advisors Inc. now owns 283,850 shares of the bank's stock worth $6,367,000 after acquiring an additional 14,250 shares during the last quarter. Patriot Financial Partners GP II L.P. purchased a new position in First Internet Bancorp during the 3rd quarter valued at $4,696,000. Finally, Acadian Asset Management LLC grew its position in First Internet Bancorp by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 186,529 shares of the bank's stock valued at $4,994,000 after acquiring an additional 1,731 shares during the last quarter. 65.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INBK shares. Piper Sandler lowered their target price on First Internet Bancorp from $25.50 to $22.00 and set a "neutral" rating for the company in a research report on Monday, October 27th. Hovde Group lowered their price objective on shares of First Internet Bancorp from $29.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, October 24th. Keefe, Bruyette & Woods reduced their target price on shares of First Internet Bancorp from $27.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, October 24th. Wall Street Zen cut shares of First Internet Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of First Internet Bancorp in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $24.33.

Check Out Our Latest Stock Analysis on First Internet Bancorp

About First Internet Bancorp

(Get Free Report)

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.