IBERIABANK Corp. CEO Unloads $612,700 in Stock (IBKC)
IBERIABANK Corp. (NASDAQ:IBKC) CEO Daryl G. Byrd sold 10,000 shares of the company’s stock on the open market in a transaction dated Monday, January 13th. The stock was sold at an average price of $61.27, for a total transaction of $612,700.00. Following the transaction, the chief executive officer now directly owns 179,171 shares in the company, valued at approximately $10,977,807. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
IBKC has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of IBERIABANK Corp. from $65.00 to $70.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of IBERIABANK Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $61.60 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of IBERIABANK Corp. from $57.00 to $61.00 in a research note to investors on Monday, October 28th. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.85.
IBERIABANK Corp. (NASDAQ:IBKC) traded down 0.10% on Monday, hitting $62.04. The stock had a trading volume of 203,219 shares. IBERIABANK Corp. has a 52-week low of $44.91 and a 52-week high of $63.98. The stock has a 50-day moving average of $62.05 and a 200-day moving average of $57.65. The company has a market cap of $1.847 billion and a price-to-earnings ratio of 29.42.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, December 27th.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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