IBERIABANK Corp Director Sells $137,913 in Stock (IBKC)
IBERIABANK Corp (NASDAQ:IBKC) Director O Miles Pollard unloaded 2,125 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $64.90, for a total value of $137,912.50. Following the completion of the transaction, the director now directly owns 10,713 shares in the company, valued at approximately $695,274. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of IBERIABANK Corp (NASDAQ:IBKC) traded up 0.48% during mid-day trading on Monday, hitting $64.87. The stock had a trading volume of 119,861 shares. 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 $65.6 and a 200-day moving average of $65.96. The company has a market cap of $2.168 billion and a price-to-earnings ratio of 21.64.
IBERIABANK Corp (NASDAQ:IBKC) last posted its quarterly earnings results 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.
A number of analysts have recently weighed in on IBKC shares. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $58.12.
IBERIABANK Corporation (NASDAQ:IBKC) is a financial holding company.
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