IBERIABANK Corp Receives Average Recommendation of “Hold” from Analysts (NASDAQ:IBKC)
Shares of IBERIABANK Corp (NASDAQ:IBKC) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, StockRatingsNetwork reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $58.12.
Several analysts have recently commented on the stock. 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.
Shares of IBERIABANK Corp (NASDAQ:IBKC) opened at 64.13 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 $66.33 and a 200-day moving average of $65.96. The company has a market cap of $2.143 billion and a P/E ratio of 21.70.
IBERIABANK Corp (NASDAQ:IBKC) last released its earnings data on Wednesday, July 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.24. On average, analysts predict that IBERIABANK Corp will post $3.68 earnings per share for the current fiscal year.
IBERIABANK Corporation (NASDAQ:IBKC) is a financial holding company.
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