IBERIABANK Corp. Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:IBKC)
IBERIABANK Corp. (NASDAQ:IBKC) has earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, American Banking News reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $57.76.
IBERIABANK Corp. (NASDAQ:IBKC) opened at 62.21 on Friday. IBERIABANK Corp. has a one year low of $48.87 and a one year high of $72.41. The stock has a 50-day moving average of $64.73 and a 200-day moving average of $64.1. The company has a market cap of $1.869 billion and a P/E ratio of 20.07.
IBERIABANK Corp. (NASDAQ:IBKC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.07. On average, analysts predict that IBERIABANK Corp. will post $3.59 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of IBERIABANK Corp. to $68.00 in a research note on Friday, May 16th. Separately, analysts at Zacks downgraded shares of IBERIABANK Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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