IBERIABANK Corp. Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:IBKC)
IBERIABANK Corp. (NASDAQ:IBKC) has earned an average recommendation of “Hold” from the eleven analysts that are covering the company, AnalystRatingsNetwork reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $55.12.
IBKC has been the subject of a number of recent research reports. Analysts at Sandler O’Neill reiterated a “hold” rating on shares of IBERIABANK Corp. in a research note on Thursday, June 19th. Separately, analysts at Jefferies Group cut their price target on shares of IBERIABANK Corp. to $68.00 in a research note on Friday, May 16th. Finally, analysts at Zacks downgraded shares of IBERIABANK Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.
Shares of IBERIABANK Corp. (NASDAQ:IBKC) opened at 69.19 on Tuesday. IBERIABANK Corp. has a 1-year low of $51.54 and a 1-year high of $72.41. The stock’s 50-day moving average is $65.18 and its 200-day moving average is $65.18. The company has a market cap of $2.079 billion and a P/E ratio of 23.73. IBERIABANK Corp. also saw a large decrease in short interest in June. As of June 13th, there was short interest totalling 1,246,833 shares, a decrease of 15.0% from the May 30th total of 1,466,365 shares. Based on an average daily trading volume, of 136,527 shares, the short-interest ratio is presently 9.1 days. Currently, 4.3% of the company’s stock are sold short.
IBERIABANK Corp. (NASDAQ:IBKC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.07. Analysts expect that IBERIABANK Corp. will post $3.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which 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 1.97%. The ex-dividend date is Thursday, June 26th.
IBERIABANK Corporation (NASDAQ:IBKC), incorporated on November 21, 1994, is a financial holding company.
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