NN Investment Partners Holdings N.V. raised its position in shares of IBERIABANK Corporation (NASDAQ:IBKC) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,640 shares of the bank’s stock after buying an additional 955 shares during the period. NN Investment Partners Holdings N.V.’s holdings in IBERIABANK Corporation were worth $1,030,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in IBERIABANK Corporation during the fourth quarter valued at $474,000. Norges Bank purchased a new position in IBERIABANK Corporation during the fourth quarter valued at $33,135,000. USA Financial Portformulas Corp purchased a new position in IBERIABANK Corporation during the fourth quarter valued at $308,000. Highbridge Capital Management LLC purchased a new position in IBERIABANK Corporation during the fourth quarter valued at $1,930,000. Finally, Quantitative Systematic Strategies LLC increased its position in IBERIABANK Corporation by 173.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 7,913 shares of the bank’s stock valued at $626,000 after buying an additional 5,014 shares during the last quarter. Institutional investors own 87.34% of the company’s stock.
Shares of IBERIABANK Corporation (IBKC) opened at 79.55 on Thursday. IBERIABANK Corporation has a 12-month low of $62.66 and a 12-month high of $91.10. The firm has a 50 day moving average price of $80.68 and a 200 day moving average price of $80.57. The stock has a market cap of $4.06 billion, a PE ratio of 19.39 and a beta of 1.28.
IBERIABANK Corporation (NASDAQ:IBKC) last released its quarterly earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.02. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 7.14%. The company had revenue of $239.61 million for the quarter, compared to the consensus estimate of $236.73 million. On average, equities analysts expect that IBERIABANK Corporation will post $4.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, June 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, June 28th. IBERIABANK Corporation’s dividend payout ratio is presently 35.04%.
Several research analysts have recently weighed in on the company. BidaskClub upgraded IBERIABANK Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research downgraded IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. JMP Securities increased their price objective on IBERIABANK Corporation from $94.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 25th. Finally, Stephens set a $95.00 price objective on IBERIABANK Corporation and gave the stock a “buy” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.92.
In other news, Director E Stewart Shea III sold 4,147 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $80.65, for a total value of $334,455.55. Following the transaction, the director now directly owns 13,179 shares in the company, valued at $1,062,886.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Michael J. Brown sold 25,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $78.82, for a total value of $1,970,500.00. Following the completion of the transaction, the insider now owns 93,878 shares in the company, valued at $7,399,463.96. The disclosure for this sale can be found here. Insiders have sold 35,288 shares of company stock valued at $2,796,972 in the last three months. 3.17% of the stock is currently owned by corporate insiders.
IBERIABANK Corporation 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.
Receive News & Ratings for IBERIABANK Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBERIABANK Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
