IBERIABANK Corporation (NASDAQ: IBKC) has recently received a number of price target changes and ratings updates:

  • 10/11/2017 – IBERIABANK Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
  • 10/9/2017 – IBERIABANK Corporation was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock, up previously from $89.00.
  • 10/6/2017 – IBERIABANK Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/5/2017 – IBERIABANK Corporation had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $89.00 price target on the stock.
  • 10/4/2017 – 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. “
  • 9/28/2017 – IBERIABANK Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
  • 9/26/2017 – IBERIABANK Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/19/2017 – IBERIABANK Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/15/2017 – IBERIABANK Corporation was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $89.00 price target on the stock. They wrote, “It was clear to us that this view was shared across the integration team — many of whom were uncertain about the melding of the two cultures when the deal was announced,” Green added. “Importantly, the similarity of the two cultures gives us more optimism that revenue growth could accelerate at [Sabadell United] relative to historical levels.”

IBERIABANK Corporation (NASDAQ:IBKC) traded down 0.18% during trading on Friday, hitting $81.80. 25,485 shares of the stock traded hands. IBERIABANK Corporation has a 52 week low of $62.65 and a 52 week high of $91.10. The firm’s 50-day moving average is $77.98 and its 200 day moving average is $79.14. The stock has a market cap of $4.39 billion, a P/E ratio of 19.93 and a beta of 1.32.

IBERIABANK Corporation (NASDAQ:IBKC) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The firm had revenue of $239.61 million during the quarter, compared to analyst estimates of $236.73 million. IBERIABANK Corporation had a return on equity of 6.86% and a net margin of 20.08%. Equities research analysts forecast that IBERIABANK Corporation will post $4.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.81%. This is a positive change from IBERIABANK Corporation’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, September 28th. IBERIABANK Corporation’s dividend payout ratio (DPR) is presently 36.01%.

In related news, Director Ernest P. Breaux, Jr. sold 5,000 shares of IBERIABANK Corporation stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $78.18, for a total value of $390,900.00. Following the completion of the sale, the director now directly owns 27,963 shares in the company, valued at $2,186,147.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John R. Davis sold 6,141 shares of IBERIABANK Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.12, for a total value of $492,016.92. Following the completion of the sale, the insider now owns 60,553 shares of the company’s stock, valued at $4,851,506.36. The disclosure for this sale can be found here. 3.17% of the stock is owned by company 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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