IBERIABANK (NASDAQ:IBKC) is set to post its quarterly earnings results before the market opens on Friday, July 19th. Analysts expect IBERIABANK to post earnings of $1.80 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
IBERIABANK (NASDAQ:IBKC) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.08. The business had revenue of $302.99 million during the quarter, compared to the consensus estimate of $304.28 million. IBERIABANK had a net margin of 28.29% and a return on equity of 10.34%. During the same quarter last year, the firm earned $1.37 earnings per share. On average, analysts expect IBERIABANK to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of NASDAQ IBKC opened at $76.26 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.15 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.33 and a beta of 1.50. IBERIABANK has a 1 year low of $60.82 and a 1 year high of $87.50. The stock has a 50-day moving average price of $74.76.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, June 27th. IBERIABANK’s payout ratio is currently 25.71%.
IBKC has been the subject of several analyst reports. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Stephens set a $100.00 price objective on shares of Cullen/Frost Bankers and gave the stock a “hold” rating in a research note on Friday, April 26th. BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Raymond James reissued a “buy” rating on shares of Teck Resources in a research note on Thursday, April 4th. Finally, ValuEngine downgraded shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.25.
In other news, Director Harry V. Barton, Jr. sold 6,812 shares of IBERIABANK stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $74.47, for a total transaction of $507,289.64. Following the completion of the sale, the director now owns 29,158 shares of the company’s stock, valued at $2,171,396.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John E. Koerner III purchased 13,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $74.81 per share, with a total value of $972,530.00. Following the purchase, the director now directly owns 7,800 shares of the company’s stock, valued at approximately $583,518. The disclosure for this purchase can be found here. Insiders own 2.65% of the company’s stock.
IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.
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