IBERIABANK Corp. Stock Rating Lowered by Oppenheimer (IBKC)
IBERIABANK Corp. (NASDAQ:IBKC) was downgraded by analysts at Oppenheimer to a “market perform” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports.
IBKC has been the subject of a number of other recent research reports. Analysts at Sandler O’Neill initiated coverage on shares of IBERIABANK Corp. in a research note to investors on Tuesday, August 27th. They set a “hold” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of IBERIABANK Corp. from $51.00 to $54.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of IBERIABANK Corp. from $55.00 to $58.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $58.00.
Shares of IBERIABANK Corp. (NASDAQ:IBKC) opened at 54.25 on Wednesday. IBERIABANK Corp. has a 52-week low of $44.28 and a 52-week high of $59.81. The stock’s 50-day moving average is $54.02 and its 200-day moving average is $52.70. The company has a market cap of $1.613 billion and a P/E ratio of 26.40.
IBERIABANK Corp. (NASDAQ:IBKC) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.08. During the same quarter in the prior year, the company posted $0.73 earnings per share. Analysts expect that IBERIABANK Corp. will post $2.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, September 26th.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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