Several analysts have recently updated their ratings and price targets for IBERIABANK Corporation (NASDAQ: IBKC):

  • 8/1/2017 – IBERIABANK Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
  • 7/31/2017 – IBERIABANK Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
  • 7/31/2017 – IBERIABANK Corporation was given a new $95.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 7/25/2017 – IBERIABANK Corporation had its price target raised by analysts at JMP Securities from $94.00 to $95.00. They now have a “market outperform” rating on the stock.
  • 7/22/2017 – IBERIABANK Corporation was given a new $95.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 7/19/2017 – IBERIABANK Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/3/2017 – IBERIABANK Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
  • 6/29/2017 – IBERIABANK Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/22/2017 – IBERIABANK Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – IBERIABANK Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
  • 6/10/2017 – IBERIABANK Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of IBERIABANK Corporation (NASDAQ:IBKC) traded up 0.31% during mid-day trading on Tuesday, hitting $80.85. The company had a trading volume of 250,519 shares. The firm’s 50 day moving average is $80.77 and its 200-day moving average is $80.58. The firm has a market cap of $4.12 billion, a PE ratio of 19.71 and a beta of 1.28. IBERIABANK Corporation has a 12-month low of $62.66 and a 12-month high of $91.10.

IBERIABANK Corporation (NASDAQ:IBKC) last released its quarterly earnings data on Thursday, July 20th. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by $0.02. The company had revenue of $239.61 million for the quarter, compared to analyst estimates of $236.73 million. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 7.14%. On average, equities analysts expect that IBERIABANK Corporation will post $4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, June 30th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, June 28th. IBERIABANK Corporation’s payout ratio is 35.04%.

In other IBERIABANK Corporation news, Director E Stewart Shea III sold 4,147 shares of IBERIABANK Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $80.65, for a total transaction of $334,455.55. Following the sale, the director now directly owns 13,179 shares of the company’s stock, valued at $1,062,886.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Michael J. Brown sold 25,000 shares of IBERIABANK Corporation stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $78.82, for a total value of $1,970,500.00. Following the sale, the insider now directly owns 93,878 shares in the company, valued at $7,399,463.96. The disclosure for this sale can be found here. 2.52% of the stock is currently owned by insiders.

IBERIABANK Corporation is a financial holding company. The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc (IAM), which provides wealth management and trust advisory services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE, LLC (CDE), which invests in purchased tax credits.

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