IBERIABANK Corp. (IBKC) Set to Announce Quarterly Earnings on Tuesday
IBERIABANK Corp. (NASDAQ:IBKC) is scheduled to be announcing its Q313 earnings results on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.73 per share and revenue of $143.40 million for the quarter.
IBERIABANK Corp. (NASDAQ:IBKC) last announced its earnings results on Tuesday, July 23rd. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.08. During the same quarter last year, the company posted $0.73 earnings per share. On average, analysts expect IBERIABANK Corp. to post $2.08 EPS for the current fiscal year and $3.56 EPS for the next fiscal year.
Shares of IBERIABANK Corp. (NASDAQ:IBKC) opened at 57.10 on Monday. IBERIABANK Corp. has a one year low of $44.28 and a one year high of $59.81. The stock’s 50-day moving average is $54.03 and its 200-day moving average is $52.95. The company has a market cap of $1.698 billion and a price-to-earnings ratio of 27.79.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Monday, September 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, September 26th.
IBKC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of IBERIABANK Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 16th. They now have a $52.40 price target on the stock. On the ratings front, analysts at Merrill Lynch initiated coverage on shares of IBERIABANK Corp. in a research note to investors on Wednesday, October 9th. They set a “buy” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of IBERIABANK Corp. in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $66.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.53.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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