Iberiabank Corp. (IBKC) Sets New 12-Month High at $66.00
Shares of Iberiabank Corp. (NASDAQ:IBKC) hit a new 52-week high on Wednesday . The stock traded as high as $66.00 and last traded at $65.94, with a volume of 246,528 shares trading hands. The stock had previously closed at $64.69.
Several analysts have weighed in on IBKC shares. FIG Partners upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded Iberiabank Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, July 6th. FBR & Co boosted their price objective on Iberiabank Corp. from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Keefe, Bruyette & Woods upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $67.00 to $72.00 in a research report on Wednesday. Finally, TheStreet upgraded Iberiabank Corp. from a “hold” rating to a “buy” rating in a research report on Friday, April 22nd. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Iberiabank Corp. currently has a consensus rating of “Buy” and a consensus price target of $62.06.
The stock has a market cap of $2.74 billion and a P/E ratio of 15.55. The firm has a 50 day moving average of $62.49 and a 200 day moving average of $56.57.
Iberiabank Corp. (NASDAQ:IBKC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $224.83 million. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 EPS. Equities analysts predict that Iberiabank Corp. will post $4.56 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, June 28th.
An institutional investor recently bought a new position in Iberiabank Corp. stock. Piermont Capital Management Inc. purchased a new stake in shares of Iberiabank Corp. (NASDAQ:IBKC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,544 shares of the company’s stock, valued at approximately $2,508,000. Piermont Capital Management Inc. owned about 0.11% of Iberiabank Corp. as of its most recent filing with the SEC.
IBERIABANK Corporation is a financial holding company. The Company is the holding company for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency; IBERIA Capital Partners, LLC, a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc, which provides wealth management and trust 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., which invests in purchased tax credits.
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