Iberiabank Corp. (IBKC) Sees Unusually-High Trading Volume
Shares of Iberiabank Corp. (NASDAQ:IBKC) saw strong trading volume on Friday . 246,075 shares changed hands during trading, an increase of 4% from the previous session’s volume of 236,156 shares.The stock last traded at $66.75 and had previously closed at $66.81.
A number of research analysts recently commented on the company. FBR & Co upped their price objective on Iberiabank Corp. from $61.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, April 29th. Zacks Investment Research downgraded Iberiabank Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Hovde Group upped their price objective on Iberiabank Corp. from $50.00 to $57.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $67.00 to $72.00 in a research note on Wednesday. Finally, FIG Partners upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, August 8th. 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $62.06.
The stock has a market capitalization of $2.74 billion and a price-to-earnings ratio of 15.57. The firm’s 50-day moving average is $62.69 and its 200 day moving average is $56.70.
Iberiabank Corp. (NASDAQ:IBKC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.04. The firm earned $227.70 million during the quarter, compared to the consensus estimate of $224.83 million. During the same quarter in the prior year, the business posted $1.05 EPS. Iberiabank Corp.’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that Iberiabank Corp. will post $4.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%.
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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