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IBERIABANK Corp. (NASDAQ:IBKC) shares saw unusually-strong trading volume on Friday following a dividend announcement from the company, Analyst RN reports. Approximately 2,034,708 shares traded hands during trading, an increase of 514% from the previous session’s volume of 331,623 shares.The stock last traded at $69.25 and had previously closed at $69.58.

The newly announced dividend is scheduled for Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, June 26th.

A number of analysts have recently weighed in on IBKC shares. Analysts at Sandler O’Neill reiterated a “hold” rating on shares of IBERIABANK Corp. in a research note on Thursday. Separately, analysts at Iberia Capital raised their price target on shares of IBERIABANK Corp. from $65.00 to $68.00 in a research note on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of IBERIABANK Corp. to $68.00 in a research note on Friday, May 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.73.

The stock’s 50-day moving average is $63.80 and its 200-day moving average is $64.74. The company has a market cap of $2.081 billion and a P/E ratio of 23.86.

IBERIABANK Corp. (NASDAQ:IBKC) last announced its earnings results 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. On average, analysts predict that IBERIABANK Corp. will post $3.59 earnings per share for the current fiscal year.

IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.

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