IBERIABANK Corp Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:IBKC)
Shares of IBERIABANK Corp (NASDAQ:IBKC) have earned an average rating of “Hold” from the eight brokerages that are covering the company, AmericanBankingNews.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $58.12.
A number of research firms have recently commented on IBKC. Analysts at Raymond James reiterated an “outperform” rating on shares of IBERIABANK Corp in a research note on Friday, July 25th. They now have a $70.00 price target on the stock, up previously from $68.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of IBERIABANK Corp from $68.00 to $70.00 in a research note on Friday, July 25th. They now have a “market perform” rating on the stock. Finally, analysts at Sandler O’Neill reiterated a “hold” rating on shares of IBERIABANK Corp in a research note on Thursday, June 19th.
IBERIABANK Corp (NASDAQ:IBKC) opened at 64.44 on Wednesday. IBERIABANK Corp has a 52 week low of $51.54 and a 52 week high of $72.41. The stock has a 50-day moving average of $66.72 and a 200-day moving average of $65.97. The company has a market cap of $2.154 billion and a price-to-earnings ratio of 21.60.
IBERIABANK Corp (NASDAQ:IBKC) last released its earnings data on Wednesday, July 23rd. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.84 by $0.24. Analysts expect that IBERIABANK Corp will post $3.68 EPS for the current fiscal year.
IBERIABANK Corporation (NASDAQ:IBKC) is a financial holding company.
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