IBERIABANK Corp. PT Raised to $58.00 at Robert W. Baird (IBKC)
Equities research analysts at Robert W. Baird upped their price target on shares of IBERIABANK Corp. (NASDAQ:IBKC) from $54.00 to $58.00 in a research note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential downside of 3.28% from the stock’s previous close.
IBERIABANK Corp. (NASDAQ:IBKC) opened at 59.97 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 $55.67 and its 200-day moving average is $52.2. The company has a market cap of $1.783 billion and a P/E ratio of 29.24.
IBERIABANK Corp. (NASDAQ:IBKC) last posted its quarterly 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 last year, the company posted $0.73 earnings per share. On average, analysts predict that IBERIABANK Corp. will post $2.11 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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, six have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $53.02.
In other IBERIABANK Corp. news, EVP John R. Davis unloaded 33,871 shares of IBERIABANK Corp. stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $60.12, for a total transaction of $2,036,324.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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