Added to YB: 2025-05-12
Pitch date: 2025-05-11
INBK [bullish]
First Internet Bancorp
+19.96%
current return
Author Info
No bio for this author
Company Info
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States.
Market Cap
$256.6M
Pitch Price
$23.88
Price Target
40.00 (+40%)
Dividend
0.82%
EV/EBITDA
N/A
P/E
-8.16
EV/Sales
N/A
Sector
Banks
Category
value
The third new position this month is in First Internet Bancorp
INBK (new position): Online bank at 0.5x TBV, 7x earnings ($3/share EPS)—rare combo of profitable (9% 10yr avg ROE) yet valued as junk. NIM crushed from high-3s to low-2s by rate hikes but reverses as Fed cuts, potentially $4.50 EPS. Insiders buying, 10%+ buyback at 2x asset ROI. ~80% upside to $40.
Read full article (4 min)