IBERIABANK Corp (NASDAQ:IBKC) has been given a consensus rating of “Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $89.25.
IBKC has been the topic of a number of recent research reports. ValuEngine upgraded IBERIABANK from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Stephens cut IBERIABANK from an “overweight” rating to an “equal weight” rating in a report on Friday, October 20th. Zacks Investment Research cut IBERIABANK from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Raymond James Financial reiterated an “outperform” rating on shares of IBERIABANK in a report on Wednesday, December 20th. Finally, Hovde Group cut IBERIABANK from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $88.00 to $82.00 in a report on Monday, October 23rd.
In other news, insider John R. Davis sold 3,263 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $74.24, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William H. Fenstermaker bought 2,500 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $71.81 per share, with a total value of $179,525.00. Following the completion of the transaction, the director now owns 43,242 shares in the company, valued at $3,105,208.02. The disclosure for this purchase can be found here. 3.17% of the stock is currently owned by company insiders.
IBERIABANK (NASDAQ:IBKC) traded down $0.65 during trading on Friday, hitting $81.95. The company’s stock had a trading volume of 242,700 shares, compared to its average volume of 419,100. The company has a market cap of $4,410.00, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.69 and a beta of 1.37. IBERIABANK has a 52-week low of $68.55 and a 52-week high of $86.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.90.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). The business had revenue of $270.19 million for the quarter, compared to the consensus estimate of $276.02 million. IBERIABANK had a return on equity of 6.57% and a net margin of 17.14%. IBERIABANK’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. sell-side analysts expect that IBERIABANK will post 4.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 28th. IBERIABANK’s dividend payout ratio (DPR) is presently 43.27%.
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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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