Iberia Capital Increases IBERIABANK Corp. Price Target to $63.00 (IBKC)
Investment analysts at Iberia Capital boosted their price objective on shares of IBERIABANK Corp. (NASDAQ:IBKC) from $57.00 to $63.00 in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. Iberia Capital’s price objective suggests a potential upside of 0.48% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of IBERIABANK Corp. from $70.00 to $74.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.95.
In other IBERIABANK Corp. news, CEO Daryl Byrd sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $61.27, for a total value of $612,700.00. Following the completion of the transaction, the chief executive officer now directly owns 179,171 shares of the company’s stock, valued at approximately $10,977,807. The sale was disclosed in a document filed with the SEC, which is available at this link.
IBERIABANK Corp. (NASDAQ:IBKC) traded up 1.06% during mid-day trading on Tuesday, hitting $62.70. 143,823 shares of the company’s stock traded hands. IBERIABANK Corp. has a one year low of $44.91 and a one year high of $63.98. The stock’s 50-day moving average is $62.07 and its 200-day moving average is $57.7. The company has a market cap of $1.867 billion and a P/E ratio of 29.39.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, December 27th.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.