Equities analysts expect IBERIABANK Corp (NASDAQ:IBKC) to announce earnings of $1.26 per share for the current quarter, Zacks reports. Four analysts have made estimates for IBERIABANK’s earnings, with the highest EPS estimate coming in at $1.31 and the lowest estimate coming in at $1.21. IBERIABANK reported earnings per share of $1.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.6%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, January 25th.
On average, analysts expect that IBERIABANK will report full-year earnings of $4.37 per share for the current year, with EPS estimates ranging from $4.35 to $4.40. For the next year, analysts anticipate that the firm will post earnings of $6.12 per share, with EPS estimates ranging from $5.58 to $6.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow IBERIABANK.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.13). The business had revenue of $270.19 million during the quarter, compared to analyst estimates of $276.02 million. IBERIABANK had a return on equity of 6.57% and a net margin of 17.14%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS.
Shares of IBERIABANK (NASDAQ:IBKC) opened at $83.05 on Friday. 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. The firm has a market capitalization of $4,414.66, a price-to-earnings ratio of 23.59, a PEG ratio of 1.67 and a beta of 1.37.
The firm also recently announced 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 1.78%. The ex-dividend date is Thursday, December 28th. IBERIABANK’s payout ratio is 42.05%.
In other IBERIABANK news, Director William H. Fenstermaker bought 2,500 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average price of $71.81 per share, with a total value of $179,525.00. Following the completion of the purchase, the director now owns 43,242 shares in the company, valued at $3,105,208.02. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John R. Davis sold 3,263 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $74.24, for a total value of $242,245.12. Following the transaction, 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. 3.17% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of IBKC. State Street Corp raised its stake in IBERIABANK by 20.2% during the second quarter. State Street Corp now owns 2,555,707 shares of the bank’s stock worth $208,292,000 after acquiring an additional 428,968 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of IBERIABANK by 36.7% during the third quarter. Victory Capital Management Inc. now owns 856,845 shares of the bank’s stock worth $70,390,000 after purchasing an additional 229,900 shares during the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of IBERIABANK during the third quarter worth about $14,888,000. Northern Trust Corp grew its holdings in shares of IBERIABANK by 18.0% during the second quarter. Northern Trust Corp now owns 1,104,662 shares of the bank’s stock worth $90,030,000 after purchasing an additional 168,174 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of IBERIABANK during the second quarter worth about $12,469,000. 80.39% of the stock is owned by hedge funds and other institutional investors.
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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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