tiprankstipranks

First Internet Bancorp price target lowered to $18 from $27 at Craig-Hallum

Craig-Hallum analyst George Sutton lowered the firm’s price target on First Internet Bancorp to $18 from $27 and keeps a Hold rating on the shares. First Internet’s Q1 results were better than feared and the firm is encouraged by loan, and deposit growth, and SBA gain on sale revenue, but remains at a Hold given NIM and industry challenges, the analyst tells investors in a research note.

Confident Investing Starts Here:

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on INBK:

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue