Wall Street analysts expect that IBERIABANK Corp (NASDAQ:IBKC) will announce $286.28 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for IBERIABANK’s earnings, with the lowest sales estimate coming in at $284.00 million and the highest estimate coming in at $288.00 million. IBERIABANK posted sales of $214.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.2%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that IBERIABANK will report full-year sales of $286.28 million for the current financial year, with estimates ranging from $1.01 billion to $1.03 billion. For the next year, analysts forecast that the business will report sales of $1.24 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow IBERIABANK.

IBERIABANK (NASDAQ:IBKC) last released its earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.13). IBERIABANK had a net margin of 17.14% and a return on equity of 6.57%. The firm had revenue of $270.19 million during the quarter, compared to the consensus estimate of $276.02 million. During the same period in the prior year, the business posted $1.08 earnings per share. IBERIABANK’s quarterly revenue was up 21.0% compared to the same quarter last year.

Several research analysts have recently weighed in on IBKC shares. Stephens downgraded IBERIABANK from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 20th. Robert W. Baird cut IBERIABANK from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $97.00 to $78.00 in a research note on Monday, October 23rd. Zacks Investment Research cut IBERIABANK from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks decreased their price target on IBERIABANK to $80.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Finally, Hovde Group cut IBERIABANK from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $88.00 to $82.00 in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $89.27.

IBERIABANK (NASDAQ IBKC) opened at $77.75 on Friday. IBERIABANK has a 12-month low of $68.55 and a 12-month high of $91.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $4,270.00, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37.

In related news, Director Ernest P. Breaux, Jr. sold 5,000 shares of IBERIABANK stock in a transaction 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 sale, the director now owns 27,963 shares of the company’s stock, valued at $2,186,147.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Davis sold 3,263 shares of IBERIABANK stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $74.24, for a total value of $242,245.12. Following the completion of the sale, the insider now directly owns 57,886 shares of the company’s stock, valued at approximately $4,297,456.64. 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 stock. Aperio Group LLC raised its holdings in shares of IBERIABANK by 33.4% in the second quarter. Aperio Group LLC now owns 3,611 shares of the bank’s stock valued at $294,000 after buying an additional 905 shares during the last quarter. US Bancorp DE raised its holdings in shares of IBERIABANK by 45.4% in the second quarter. US Bancorp DE now owns 4,146 shares of the bank’s stock valued at $338,000 after buying an additional 1,295 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of IBERIABANK by 19.4% in the second quarter. Russell Investments Group Ltd. now owns 325,167 shares of the bank’s stock valued at $26,502,000 after buying an additional 52,733 shares during the last quarter. Rothschild Asset Management Inc. purchased a new position in IBERIABANK during the second quarter worth about $36,923,000. Finally, Sei Investments Co. raised its holdings in IBERIABANK by 1,910.3% during the second quarter. Sei Investments Co. now owns 79,911 shares of the bank’s stock worth $6,513,000 after purchasing an additional 75,936 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

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

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