IBERIABANK Corp CEO Sells $258,880 in Stock (IBKC)
IBERIABANK Corp (NASDAQ:IBKC) CEO Daryl G. Byrd sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $64.72, for a total value of $258,880.00. Following the sale, the chief executive officer now directly owns 187,319 shares of the company’s stock, valued at approximately $12,123,286. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of IBERIABANK Corp (NASDAQ:IBKC) traded down 0.57% during mid-day trading on Thursday, hitting $64.13. 13,470 shares of the company’s stock traded hands. IBERIABANK Corp has a 52-week low of $51.54 and a 52-week high of $72.41. The stock’s 50-day moving average is $65.95 and its 200-day moving average is $65.96. The company has a market cap of $2.143 billion and a P/E ratio of 21.62.
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. On average, analysts predict that IBERIABANK Corp will post $3.68 earnings per share for the current fiscal year.
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. Four 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 an average price target of $58.12.
IBERIABANK Corporation (NASDAQ:IBKC) is a financial holding company.
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