First Internet Bancorp price target raised to $45 from $40 at Craig-Hallum

Craig-Hallum analyst George Sutton raised the firm’s price target on First Internet Bancorp to $45 from $40 and keeps a Buy rating on the shares. Q2 EPS was below expectations, but guidance of $3.00 in EPS for the year was reiterated and overall fundamentals should continue to get better throughout the year, the analyst tells investors in a post-earnings note. The firm believes the stock should continue to move higher as fundamental trends improve, the analyst added.