IBERIABANK Corp (IBKC) Receives Consensus Recommendation of “Buy” from Analysts

IBERIABANK Corp (NASDAQ:IBKC) has earned an average rating of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $90.14.

A number of analysts have recently issued reports on the company. SunTrust Banks raised IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Zacks Investment Research raised IBERIABANK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Piper Jaffray Companies set a $95.00 price target on IBERIABANK and gave the stock a “buy” rating in a research note on Monday, January 29th. Hovde Group lowered IBERIABANK from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $88.00 to $82.00 in a research note on Monday, October 23rd. Finally, BidaskClub raised IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th.

In related news, insider John R. Davis sold 3,263 shares of IBERIABANK stock in a transaction that occurred 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 transaction, the insider now owns 57,886 shares in the company, valued at $4,297,456.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.17% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its position in IBERIABANK by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,441 shares of the bank’s stock worth $362,000 after buying an additional 213 shares in the last quarter. BB&T Corp purchased a new stake in IBERIABANK in the third quarter valued at $277,000. Monarch Partners Asset Management LLC purchased a new stake in IBERIABANK in the third quarter valued at $14,888,000. American International Group Inc. raised its position in IBERIABANK by 8.1% in the third quarter. American International Group Inc. now owns 33,923 shares of the bank’s stock valued at $2,787,000 after purchasing an additional 2,537 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in IBERIABANK by 10.5% in the second quarter. Goldman Sachs Group Inc. now owns 179,709 shares of the bank’s stock valued at $14,647,000 after purchasing an additional 17,045 shares during the period. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Shares of IBERIABANK (NASDAQ:IBKC) traded up $0.75 during trading hours on Tuesday, hitting $84.30. The stock had a trading volume of 219,015 shares, compared to its average volume of 444,872. 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 $4,541.16, a price-to-earnings ratio of 31.81, a PEG ratio of 1.65 and a beta of 1.40. IBERIABANK has a 12-month low of $68.55 and a 12-month high of $87.55.

IBERIABANK (NASDAQ:IBKC) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07. The firm had revenue of $290.16 million for the quarter, compared to analyst estimates of $285.17 million. IBERIABANK had a return on equity of 6.92% and a net margin of 12.66%. The business’s revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. analysts forecast that IBERIABANK will post 6.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. IBERIABANK’s payout ratio is 55.85%.

ILLEGAL ACTIVITY NOTICE: “IBERIABANK Corp (IBKC) Receives Consensus Recommendation of “Buy” from Analysts” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://stocknewstimes.com/2018/02/18/iberiabank-corp-ibkc-receives-consensus-recommendation-of-buy-from-analysts.html.


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.

Analyst Recommendations for IBERIABANK (NASDAQ:IBKC)

Receive News & Ratings for IBERIABANK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBERIABANK and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply