BidaskClub downgraded shares of IBERIABANK (NASDAQ:IBKC) from a sell rating to a strong sell rating in a report released on Wednesday morning.
A number of other analysts have also weighed in on IBKC. Zacks Investment Research lowered IBERIABANK from a buy rating to a hold rating in a research report on Wednesday, November 28th. ValuEngine lowered IBERIABANK from a hold rating to a sell rating in a report on Tuesday, October 2nd. Stephens set a $85.00 target price on IBERIABANK and gave the company a hold rating in a report on Tuesday, November 6th. Finally, Hovde Group raised IBERIABANK from a market perform rating to an outperform rating and increased their target price for the company from $82.00 to $86.00 in a report on Friday, November 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $86.25.
IBERIABANK stock opened at $71.62 on Wednesday. IBERIABANK has a twelve month low of $69.61 and a twelve month high of $87.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $3.95 billion, a PE ratio of 16.02, a P/E/G ratio of 1.35 and a beta of 1.34.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Friday, October 19th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.06. IBERIABANK had a return on equity of 9.38% and a net margin of 18.32%. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $311.77 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. Analysts predict that IBERIABANK will post 6.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Monday, December 31st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from IBERIABANK’s previous quarterly dividend of $0.39. IBERIABANK’s dividend payout ratio is 34.90%.
A number of large investors have recently bought and sold shares of IBKC. Simplex Trading LLC purchased a new position in IBERIABANK in the third quarter valued at $105,000. PNC Financial Services Group Inc. increased its holdings in IBERIABANK by 85.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,573 shares of the bank’s stock valued at $128,000 after buying an additional 727 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in IBERIABANK in the third quarter valued at $153,000. Valeo Financial Advisors LLC increased its holdings in IBERIABANK by 127.2% in the third quarter. Valeo Financial Advisors LLC now owns 2,079 shares of the bank’s stock valued at $155,000 after buying an additional 1,164 shares during the last quarter. Finally, Stokes & Hubbell Capital Management LLC purchased a new position in IBERIABANK in the third quarter valued at $205,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.
IBERIABANK Company Profile
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.
See Also: Earnings Reports
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