Craig-Hallum raised the firm’s price target on First Internet Bancorp to $40 from $35 and keeps a Buy rating on the shares. Following the “strong” results and “encouraging” FY24 outlook, the firm believes rate headwinds are now flipping to tailwinds and sees a fundamental inflection coming in FY24, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on INBK:
- First Internet Bancorp reports Q4 EPS 48c, consensus 31c
- INBK Earnings this Week: How Will it Perform?
- First Internet Bancorp files $200M mixed securities shelf
- First Internet Bancorp board extends stock repurchase program
- Craig-Hallum upgrades First Internet Bancorp to Buy, raises price target to $35
