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.
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%.
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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