IBERIABANK Corp. Price Target Increased to $65.00 by Analysts at Iberia Capital (IBKC)
Research analysts at Iberia Capital boosted their price objective on shares of IBERIABANK Corp. (NASDAQ:IBKC) from $63.00 to $65.00 in a report released on Thursday, American Banking and Market News reports. Iberia Capital’s price target would suggest a potential downside of 2.33% from the stock’s previous close.
In other IBERIABANK Corp. news, CEO Daryl G. Byrd sold 5,000 shares of the stock on the open market in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $67.00, for a total transaction of $335,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. 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. 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.59.
IBERIABANK Corp. (NASDAQ:IBKC) traded down 0.53% on Thursday, hitting $66.20. 203,349 shares of the company’s stock traded hands. IBERIABANK Corp. has a 52 week low of $44.91 and a 52 week 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 P/E ratio of 31.53.
IBERIABANK Corp. (NASDAQ:IBKC) last announced its earnings results 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 last year, the company posted $0.80 earnings per share. Analysts expect that IBERIABANK Corp. will post $3.52 EPS for the current fiscal year.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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