IBERIABANK Corporation (NASDAQ:IBKC) – Research analysts at Jefferies Group reduced their Q1 2018 earnings per share estimates for shares of IBERIABANK Corporation in a report released on Monday. Jefferies Group analyst C. Haire now expects that the bank will earn $1.22 per share for the quarter, down from their previous forecast of $1.31. Jefferies Group currently has a “Buy” rating and a $94.00 price target on the stock. Jefferies Group also issued estimates for IBERIABANK Corporation’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.49 EPS and FY2019 earnings at $6.00 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Tuesday, August 1st. Robert W. Baird lowered IBERIABANK Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $97.00 to $78.00 in a research report on Monday. Hovde Group lowered IBERIABANK Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $88.00 to $82.00 in a research report on Monday. Stephens set a $95.00 target price on IBERIABANK Corporation and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, JMP Securities lifted their target price on IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $88.64.

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Shares of IBERIABANK Corporation (NASDAQ:IBKC) traded up 1.201% during midday trading on Tuesday, hitting $73.725. The company had a trading volume of 142,558 shares. IBERIABANK Corporation has a 12-month low of $62.66 and a 12-month high of $91.10. The firm has a market capitalization of $3.95 billion, a P/E ratio of 17.964 and a beta of 1.32. The firm’s 50-day moving average is $78.41 and its 200-day moving average is $79.23.

IBERIABANK Corporation (NASDAQ:IBKC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.13). The firm had revenue of $270.19 million during the quarter, compared to the consensus estimate of $276.02 million. IBERIABANK Corporation had a net margin of 17.14% and a return on equity of 6.79%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.03%. This is an increase 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 currently 42.05%.

In other IBERIABANK Corporation news, Director Ernest P. Breaux, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 27,963 shares in the company, valued at $2,186,147.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John R. Davis sold 6,141 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.12, for a total value of $492,016.92. Following the completion of the transaction, 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. 2.52% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in IBERIABANK Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 4,141,740 shares of the bank’s stock valued at $337,551,000 after purchasing an additional 52,383 shares in the last quarter. BlackRock Inc. grew its stake in IBERIABANK Corporation by 13,809.5% in the first quarter. BlackRock Inc. now owns 3,486,277 shares of the bank’s stock valued at $275,765,000 after purchasing an additional 3,461,213 shares in the last quarter. State Street Corp grew its stake in IBERIABANK Corporation by 20.2% in the second quarter. State Street Corp now owns 2,555,707 shares of the bank’s stock valued at $208,292,000 after purchasing an additional 428,968 shares in the last quarter. Northern Trust Corp grew its stake in IBERIABANK Corporation by 18.0% in the second quarter. Northern Trust Corp now owns 1,104,662 shares of the bank’s stock valued at $90,030,000 after purchasing an additional 168,174 shares in the last quarter. Finally, FMR LLC grew its stake in IBERIABANK Corporation by 25.9% in the second quarter. FMR LLC now owns 724,652 shares of the bank’s stock valued at $59,059,000 after purchasing an additional 148,952 shares in the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.

About IBERIABANK Corporation

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.

Earnings History and Estimates for IBERIABANK Corporation (NASDAQ:IBKC)

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