First Internet Bancorp Stock Crosses Below 200-Day Moving Average

Shares of the digital bank dip below a key technical indicator, raising questions about the stock's future performance.

Mar. 12, 2026 at 7:33am

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Shares of First Internet Bancorp (NASDAQ:INBK), a digital-only bank headquartered in Indianapolis, Indiana, fell below their 200-day moving average on Wednesday. The stock closed at $19.66, down from a 200-day moving average of $21.28. The drop comes as analysts have issued mixed ratings and price targets for the company, with some cutting their outlooks.

Why it matters

A stock's 200-day moving average is a closely watched technical indicator that can signal a shift in the long-term trend. When a stock crosses below this level, it can be a bearish sign, suggesting the stock may face further downward pressure. This development raises questions about First Internet Bancorp's future performance and the overall health of the digital banking sector.

The details

First Internet Bancorp shares traded as low as $19.29 on Wednesday before closing at $19.66. The stock has a 52-week range of $19.29 to $28.50. Several analysts have recently issued reports on the stock, with some cutting their price targets and ratings. Wall Street Zen downgraded the stock to a 'sell' rating, while Piper Sandler and Zacks Research also lowered their outlooks.

  • Shares of First Internet Bancorp crossed below the 200-day moving average of $21.28 on Wednesday, March 11, 2026.

The players

First Internet Bancorp

A digital-only bank headquartered in Indianapolis, Indiana that offers a range of deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) and individual retirement accounts (IRAs).

Wall Street Zen

A research firm that downgraded First Internet Bancorp's stock to a 'sell' rating.

Piper Sandler

An investment bank that decreased its price target for First Internet Bancorp.

Zacks Research

A research firm that lowered its rating on First Internet Bancorp's stock.

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The takeaway

The drop in First Internet Bancorp's stock below its 200-day moving average is a concerning technical signal that suggests the digital bank may face further downward pressure. With mixed analyst outlooks and the broader challenges facing the banking sector, investors will be closely watching to see if the stock can regain its footing or if the downward trend continues.