First Internet Bancorp (INBK) Reaches $37.25 After 5.00% Up Move; Columbia Asset Management Increased By $416,266 Its Starbucks (SBUX) Holding

November 14, 2017 - By Richard Conner

Columbia Asset Management increased Starbucks Corp (SBUX) stake by 11.6% reported in 2017Q2 SEC filing. Columbia Asset Management acquired 7,177 shares as Starbucks Corp (SBUX)’s stock rose 6.99%. The

Columbia Asset Management holds 69,028 shares with $4.03 million value, up from 61,851 last quarter. Starbucks Corp now has $82.20 billion valuation. The stock increased 0.51% or $0.29 during the last trading session, reaching $56.93. About 7.75M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since November 14, 2016 and is uptrending. It has underperformed by 4.22% the S&P500.

The stock of First Internet Bancorp (NASDAQ:INBK) is a huge mover today! The stock increased 3.47% or $1.25 during the last trading session, reaching $37.25. About 67,356 shares traded or 32.85% up from the average. First Internet Bancorp (NASDAQ:INBK) has risen 9.91% since November 14, 2016 and is uptrending. It has underperformed by 6.79% the S&P500.The move comes after 5 months positive chart setup for the $313.31 million company. It was reported on Nov, 14 by Barchart.com. We have $39.11 PT which if reached, will make NASDAQ:INBK worth $15.67 million more.

First Internet Bancorp is a bank holding firm that conducts its business activities through its subsidiary, First Internet Bank of Indiana . The company has market cap of $313.31 million. The Firm offers a complement of services and products on a nationwide basis. It has a 15.57 P/E ratio. The Firm conducts its deposit activities primarily over the Internet.

Among 2 analysts covering First Internet Bancorp (NASDAQ:INBK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First Internet Bancorp has $44.0 highest and $3600 lowest target. $44’s average target is 18.12% above currents $37.25 stock price. First Internet Bancorp had 9 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 21 by Maxim Group. Maxim Group maintained First Internet Bancorp (NASDAQ:INBK) rating on Monday, July 27. Maxim Group has “Buy” rating and $37 target. The firm has “Buy” rating given on Monday, June 26 by Keefe Bruyette & Woods. Maxim Group maintained it with “Buy” rating and $44.0 target in Friday, October 20 report. The firm has “Buy” rating by Maxim Group given on Monday, October 23. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, July 27 report. Keefe Bruyette & Woods initiated the stock with “Outperform” rating in Tuesday, January 10 report. Keefe Bruyette & Woods maintained First Internet Bancorp (NASDAQ:INBK) rating on Monday, September 18. Keefe Bruyette & Woods has “Buy” rating and $39.0 target. The stock of First Internet Bancorp (NASDAQ:INBK) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, October 19.

Investors sentiment increased to 1.61 in 2017 Q2. Its up 0.31, from 1.3 in 2017Q1. It improved, as 4 investors sold First Internet Bancorp shares while 19 reduced holdings. 12 funds opened positions while 25 raised stakes. 3.78 million shares or 2.66% more from 3.68 million shares in 2017Q1 were reported. Deutsche Bancshares Ag, Germany-based fund reported 26,898 shares. First Wilshire Secs Mngmt invested 0.17% in First Internet Bancorp (NASDAQ:INBK). Bessemer Gp stated it has 1,700 shares. Creative Planning holds 0% in First Internet Bancorp (NASDAQ:INBK) or 5 shares. Stanley owns 17,142 shares for 0.13% of their portfolio. State Street invested 0% in First Internet Bancorp (NASDAQ:INBK). California Employees Retirement System has invested 0% in First Internet Bancorp (NASDAQ:INBK). First In holds 4,500 shares or 0.08% of its portfolio. Cornerstone Capital Limited reported 0.01% stake. Ameritas Inv Prtnrs has invested 0% of its portfolio in First Internet Bancorp (NASDAQ:INBK). Franklin Res Inc accumulated 186,800 shares. Vanguard Group Incorporated invested in 0% or 255,203 shares. Wasatch Advsr reported 71,000 shares. Cornercap Investment Counsel has invested 0.1% of its portfolio in First Internet Bancorp (NASDAQ:INBK). Oberweis Asset Mgmt has invested 0.25% in First Internet Bancorp (NASDAQ:INBK).

Analysts await First Internet Bancorp (NASDAQ:INBK) to report earnings on January, 18. They expect $0.61 earnings per share, down 4.69% or $0.03 from last year’s $0.64 per share. INBK’s profit will be $5.13M for 15.27 P/E if the $0.61 EPS becomes a reality. After $0.71 actual earnings per share reported by First Internet Bancorp for the previous quarter, Wall Street now forecasts -14.08% negative EPS growth.

Since May 25, 2017, it had 1 buy, and 0 insider sales for $26,390 activity. 1,000 shares valued at $26,390 were bought by KEACH JOHN K JR on Thursday, May 25.

Since May 18, 2017, it had 0 insider buys, and 2 insider sales for $1.24 million activity. Another trade for 10,000 shares valued at $633,700 was sold by ULLMAN MYRON E III. BURROWS CLIFFORD sold 114,826 shares worth $6.83M.

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