Brokerages Set First cyberspace Bancorp (NASDAQ:INBK) Target Price at $35.75 – Information Global Internet

First cyberspace Bancorp (NASDAQ:INBK – Get Free Report) has conventional an cipher judgement of “Moderate Buy” from the quaternary analysts that are currently concealment the company, MarketBeat reports. Two assets analysts hit rated the hit with a stop judgement and digit hit issued a acquire judgement on the company. The cipher 1 assemblage direct toll among analysts that hit issued ratings on the hit in the terminal assemblage is $35.75.

Several analysts fresh commented on the stock. Hovde Group attenuated their toll direct on shares of First cyberspace Bancorp from $38.50 to $38.00 and ordered an “outperform” judgement for the consort in a inform on Friday, Apr 26th. Keefe, Bruyette & Woods reaffirmed a “market perform” judgement and ordered a $36.00 toll neutral (up previously from $34.00) on shares of First cyberspace Bancorp in a investigate inform on Friday, Apr 26th. Finally, Piper Sandler revilement their toll neutral on shares of First cyberspace Bancorp from $35.00 to $34.00 and ordered a “neutral” judgement on the hit in a investigate inform on Monday, Apr 29th.

Check Out Our Latest Research Report on First cyberspace Bancorp

Hedge Funds Weigh In On First cyberspace Bancorp

A sort of institutionalised investors hit fresh restricted their holdings of INBK. Citigroup Inc. upraised its function in shares of First cyberspace Bancorp by 101,984.6% in the ordinal quarter. Citigroup Inc. today owns 26,542 shares of the bank’s hit valued at $430,000 after purchase an added 26,516 shares during the period. Public Employees Retirement System of river upraised its function in shares of First cyberspace Bancorp by 27.5% in the ordinal quarter. Public Employees Retirement System of river today owns 12,018 shares of the bank’s hit valued at $195,000 after purchase an added 2,592 shares during the period. Sapient Capital LLC bought a newborn function in shares of First cyberspace Bancorp in the ordinal lodge valued at roughly $3,094,000. Acuitas Investments LLC bought a newborn function in shares of First cyberspace Bancorp in the ordinal lodge valued at roughly $1,940,000. Finally, Quadrature Capital Ltd upraised its function in shares of First cyberspace Bancorp by 33.0% in the ordinal quarter. Quadrature Capital Ltd today owns 47,209 shares of the bank’s hit valued at $1,142,000 after purchase an added 11,707 shares during the period. Institutional investors possess 65.46% of the company’s stock.

First cyberspace Bancorp Stock Performance

INBK stock unsealed at $31.21 on Wednesday. The consort has a debt-to-equity ratio of 1.85, a hurried ratio of 1.02 and a underway ratio of 1.02. The hit has a mart container of $270.28 million, a P/E ratio of 16.43 and a beta of 0.68. The concern has a 50 period ultimate agitated cipher of $29.02 and a 200 period ultimate agitated cipher of $29.88. First cyberspace Bancorp has a 52 hebdomad baritone of $14.11 and a 52 hebdomad broad of $35.72.

First cyberspace Bancorp (NASDAQ:INBK – Get Free Report) terminal posted its quarterly earnings results on Wednesday, Apr 24th. The slope reportable $0.59 EPS for the quarter, superior the consensus judge of $0.55 by $0.04. The playing had income of $29.08 meg during the quarter, compared to analysts’ expectations of $28.60 million. First cyberspace Bancorp had a gain edge of 5.84% and a convey on justness of 4.64%. Research analysts look that First cyberspace Bancorp module place 3.1 earnings per deal for the underway playing year.

First cyberspace Bancorp Dividend Announcement

The concern also fresh unconcealed a quarterly dividend, which module be paying on Monday, July 15th. Investors of achievement on Friday, June 28th module be presented a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a consent of 0.77%. The ex-dividend fellow is Friday, June 28th. First cyberspace Bancorp’s payout ratio is presently 12.63%.

About First cyberspace Bancorp

(Get Free Report

First cyberspace Bancorp operates as the slope retentive consort for First cyberspace Bank of Indiana that provides commercial, diminutive business, consumer, and municipal banking products and services to individuals and advertizement customers in the United States. The consort accepts non-interest direction and interest-bearing obligation deposit, advertizement deposit, savings, money market, and Banking-as-a-Service brokered installation accounts, as substantially as certificates of deposit.

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