IBERIABANK Corp. EVP Sells $2,036,325 in Stock (IBKC)
IBERIABANK Corp. (NASDAQ:IBKC) EVP John Davis unloaded 33,871 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $60.12, for a total value of $2,036,324.52. Following the transaction, the executive vice president now directly owns 53,462 shares in the company, valued at approximately $3,214,135. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on IBKC. Analysts at Robert W. Baird raised their price target on shares of IBERIABANK Corp. from $54.00 to $58.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.02.
IBERIABANK Corp. (NASDAQ:IBKC) traded down 0.18% on Friday, hitting $59.97. The stock had a trading volume of 127,454 shares. IBERIABANK Corp. has a 1-year low of $44.28 and a 1-year high of $59.81. The stock has a 50-day moving average of $55.67 and a 200-day moving average of $52.2. The company has a market cap of $1.783 billion and a price-to-earnings ratio of 29.24.
IBERIABANK Corp. (NASDAQ:IBKC) last announced its earnings results on Tuesday, October 22nd. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.10. During the same quarter in the prior year, the company posted $0.73 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Stockholders 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 2.27%. 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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