IBERIABANK Corp. CEO Sells $335,000 in Stock (IBKC)
IBERIABANK Corp. (NASDAQ:IBKC) CEO Daryl G. Byrd sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. Following the completion of the transaction, the chief executive officer now directly owns 179,171 shares in the company, valued at approximately $12,004,457. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of IBERIABANK Corp. (NASDAQ:IBKC) traded down 0.53% during mid-day trading on Thursday, hitting $66.20. The stock had a trading volume of 203,349 shares. IBERIABANK Corp. has a one year low of $44.91 and a one year high of $67.99. The stock has a 50-day moving average of $62.52 and a 200-day moving average of $58.40. The company has a market cap of $1.971 billion and a price-to-earnings ratio of 31.53.
IBERIABANK Corp. (NASDAQ:IBKC) last released its earnings data on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, analysts predict that IBERIABANK Corp. will post $3.52 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Iberia Capital raised their price target on shares of IBERIABANK Corp. from $63.00 to $65.00 in a research note to investors on Thursday. Separately, analysts at Raymond James upgraded shares of IBERIABANK Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $70.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. IBERIABANK Corp. presently has a consensus rating of “Hold” and a consensus price target of $57.59.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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