The Manufacturers Life Insurance Company boosted its position in IBERIABANK Corp (NASDAQ:IBKC) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,204 shares of the bank’s stock after acquiring an additional 893 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of IBERIABANK worth $2,961,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. American International Group Inc. boosted its holdings in IBERIABANK by 8.1% in the third quarter. American International Group Inc. now owns 33,923 shares of the bank’s stock worth $2,787,000 after acquiring an additional 2,537 shares in the last quarter. Swiss National Bank boosted its holdings in IBERIABANK by 7.7% in the fourth quarter. Swiss National Bank now owns 91,423 shares of the bank’s stock worth $7,085,000 after acquiring an additional 6,500 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in IBERIABANK by 7.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 294,566 shares of the bank’s stock worth $22,829,000 after acquiring an additional 19,880 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of IBERIABANK by 3,718.1% in the third quarter. Stifel Financial Corp now owns 131,497 shares of the bank’s stock valued at $10,833,000 after purchasing an additional 128,053 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of IBERIABANK in the third quarter valued at approximately $361,000. Institutional investors and hedge funds own 88.34% of the company’s stock.
Shares of IBERIABANK Corp (IBKC) opened at $83.20 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.92. IBERIABANK Corp has a 52-week low of $68.55 and a 52-week high of $87.55. The stock has a market capitalization of $4,525.93, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39.
A number of research analysts have recently weighed in on the company. Piper Jaffray Companies set a $95.00 target price on IBERIABANK and gave the company a “buy” rating in a report on Monday, January 29th. Zacks Investment Research lowered IBERIABANK from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered IBERIABANK from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Raymond James Financial restated an “outperform” rating on shares of IBERIABANK in a report on Wednesday, December 20th. Finally, Iberia Capital downgraded IBERIABANK from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. IBERIABANK currently has a consensus rating of “Buy” and a consensus target price of $90.27.
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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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