Benchmark analyst Brett Rabatin has initiated coverage on First Internet with a Buy rating and announced a price target of $33. The rating highlights a positive outlook for the company's stock performance.

Analyst Rating and Price Target

The coverage initiation provides a new assessment of First Internet's market position. The Buy rating suggests that the stock is expected to outperform the market.

The price target of $33 indicates the projected value for the shares. This assessment is based on the analyst's evaluation of the company's financial health and market conditions.

First Internet Bancorp has declared a quarterly cash dividend of $0.06 per common share, marking a return of capital to shareholders. The dividend will be paid on July 15, 2026, to shareholders recorded at the close of business on June 30, 2026. This distribution provides direct income to investors holding the company's stock.

The Board of Directors retains sole discretion over the declaration and amount of any future cash dividends. Decisions will depend on various factors, including the company's results of operations, financial condition, and capital requirements. Regulatory and contractual restrictions, along with business strategy considerations, will also influence future payouts.

First Internet Bancorp is a bank holding company with assets of $5.7 billion as of March 31, 2026. Its subsidiary, First Internet Bank, has operated as a branchless banking pioneer since 1999. The bank offers consumer and small business deposit products, commercial real estate and construction financing, SBA financing, and specialty finance services nationally.

The company's common stock trades on the Nasdaq Global Select Market under the symbol "INBK" and is included in the Russell 2000 Index. First Internet Bank also provides commercial and industrial loans and treasury management services on a regional basis.

Key Dividend Details