IBERIABANK Corporation (IBKC) Set to Announce Quarterly Earnings on Thursday
IBERIABANK Corporation (NASDAQ:IBKC) is set to issue its quarterly earnings data after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $1.20 per share for the quarter.
IBERIABANK Corporation (NASDAQ:IBKC) last released its quarterly earnings results on Thursday, July 20th. The bank reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). IBERIABANK Corporation had a return on equity of 6.86% and a net margin of 20.08%. The company had revenue of $239.61 million during the quarter, compared to analysts’ expectations of $236.73 million. On average, analysts expect IBERIABANK Corporation to post $4.64 EPS for the current fiscal year and $5.93 EPS for the next fiscal year.
IBERIABANK Corporation (NASDAQ:IBKC) opened at 83.00 on Thursday. The firm has a 50-day moving average of $77.83 and a 200-day moving average of $79.12. The stock has a market cap of $4.45 billion, a PE ratio of 20.22 and a beta of 1.32. IBERIABANK Corporation has a 1-year low of $62.65 and a 1-year high of $91.10.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. This is a boost from IBERIABANK Corporation’s previous quarterly dividend of $0.36. IBERIABANK Corporation’s dividend payout ratio (DPR) is presently 36.01%.
Several research firms have recently issued reports on IBKC. Zacks Investment Research upgraded shares of IBERIABANK Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Jefferies Group LLC upgraded shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $89.00 to $94.00 in a research report on Monday. JMP Securities lifted their price objective on shares of IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $89.00 price objective on shares of IBERIABANK Corporation in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.82.
In related news, Director Ernest P. Breaux, Jr. sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $78.18, for a total value of $390,900.00. Following the completion of the transaction, the director now directly owns 27,963 shares of the company’s stock, valued at $2,186,147.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John R. Davis sold 6,141 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.12, for a total transaction of $492,016.92. Following the completion of the transaction, the insider now directly owns 60,553 shares of the company’s stock, valued at $4,851,506.36. The disclosure for this sale can be found here. Company insiders own 2.52% of the company’s stock.
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IBERIABANK Corporation Company Profile
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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