IBERIABANK Corp. Hits New 52-Week High at $64.17 (IBKC)
Shares of IBERIABANK Corp. (NASDAQ:IBKC) hit a new 52-week high on Tuesday, AnalystRatings.NET reports. The company traded as high as $64.17 and last traded at $64.07, with a volume of 181,823 shares trading hands. The stock had previously closed at $62.28.
A number of analysts have recently weighed in on IBKC shares. Analysts at Iberia Capital raised their price target on shares of IBERIABANK Corp. from $57.00 to $63.00 in a research note to investors on Tuesday, January 14th. Separately, 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, January 14th. They now have a “buy” rating on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. IBERIABANK Corp. currently has a consensus rating of “Hold” and a consensus target price of $55.95.
In other IBERIABANK Corp. news, CEO Daryl Byrd sold 10,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $61.27, for a total value of $612,700.00. Following 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 legal filing with the SEC, which is available at this link.
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 $62.09 and a 200-day moving average of $58.01. The company has a market cap of $1.906 billion and a P/E ratio of 29.50.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Investors 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 2.12%. 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.
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