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First Internet Bancorp (NASDAQ:INBK) Chairman and CEO David B. Becker reported purchasing 5,000 shares of common stock on October 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at a weighted-average price ranging from $18.60 to $18.69, with the total transaction amounting to $93,350. This insider purchase comes as INBK shares have fallen over 50% year-to-date and are trading near their 52-week low of $17.37, with InvestingPro analysis indicating the stock is currently undervalued.
Following the transaction, Becker directly owns 419,194 shares of First Internet Bancorp. This total includes shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan and Employee Stock Purchase Plan. The bank has maintained dividend payments for 14 consecutive years, currently offering a 1.37% yield, despite its recent price decline and weak financial health metrics. InvestingPro subscribers can access 10+ additional ProTips and comprehensive research reports that provide deeper insights into INBK’s valuation and financial condition.
In other recent news, First Internet Bancorp reported a significant earnings miss for the third quarter of 2025. The company posted an earnings per share (EPS) of -$1.43, falling short of the expected $0.63, resulting in a surprise of -326.98%. Revenue also missed forecasts, with the company reporting $43.5 million compared to the anticipated $45.48 million. These results have raised concerns among analysts, leading to adjustments in stock evaluations. Piper Sandler lowered its price target for First Internet Bancorp to $22.00 from $25.50, citing ongoing credit challenges, particularly in SBA and franchise finance loans. Similarly, Keefe, Bruyette & Woods (KBW) reduced its price target to $25.00 from $27.00, describing the third-quarter results as "broadly below expectations" due to credit issues in small business and franchise finance portfolios. Both firms maintained their respective Neutral and Market Perform ratings on the stock. These developments highlight the financial hurdles First Internet Bancorp is currently facing.
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