IBERIABANK Corp. PT Lowered to $68.00 (IBKC)
Equities researchers at Jefferies Group cut their target price on shares of IBERIABANK Corp. (NASDAQ:IBKC) to $68.00 in a research report issued on Friday, Analyst Ratings Network.com reports. Jefferies Group’s price objective indicates a potential upside of 11.17% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of IBERIABANK Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $58.19.
Shares of IBERIABANK Corp. (NASDAQ:IBKC) opened at 61.17 on Friday. IBERIABANK Corp. has a 52 week low of $48.57 and a 52 week high of $72.41. The stock’s 50-day moving average is $65.73 and its 200-day moving average is $63.99. The company has a market cap of $1.838 billion and a price-to-earnings ratio of 19.82.
IBERIABANK Corp. (NASDAQ:IBKC) last released its earnings data on Wednesday, April 23rd. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.07. Analysts expect that IBERIABANK Corp. will post $3.53 EPS for the current fiscal year.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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