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First Internet Bancorp (NASDAQ:INBK) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has upgraded First Internet Bancorp (NASDAQ:INBK) to Hold in a statement released on 6/21/2017.

Boasting a price of $27.40, First Internet Bancorp (NASDAQ:INBK) traded -1.36% lower on the day. With the last stock price close down 5.74% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. First Internet Bancorp has recorded a 50-day average of $31.18 and a two hundred day average of $29.20. Volume of trade was down over the average, with 8,625 shares of INBK changing hands under the typical 22,069

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First Internet Bancorp (NASDAQ:INBK)

First Internet Bancorp has a 52 week low of $22.54 and a 52 week high of $33.35 with a P/E ratio of 13.90 The company’s market cap is currently $0.

General Information About First Internet Bancorp (NASDAQ:INBK)

First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet. The Company also offers commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. It offers residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank's subsidiary, JKH Realty Services, LLC manages real estate owned properties.

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