Iberiabank Corp. (IBKC) Reaches New 52-Week High at $67.23
Iberiabank Corp. (NASDAQ:IBKC)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $67.23 and last traded at $67.03, with a volume of 156,345 shares trading hands. The stock had previously closed at $66.85.
Several equities analysts recently weighed in on IBKC shares. Zacks Investment Research upgraded Iberiabank Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Wednesday, July 6th. FBR & Co boosted their price objective on Iberiabank Corp. from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. FIG Partners upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, August 8th. Keefe, Bruyette & Woods boosted their price objective on Iberiabank Corp. from $62.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Finally, Hovde Group boosted 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. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.06.
The company has a market cap of $2.75 billion and a price-to-earnings ratio of 15.62. The firm has a 50-day moving average of $62.92 and a 200 day moving average of $56.97.
Iberiabank Corp. (NASDAQ:IBKC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The firm earned $227.70 million during the quarter, compared to analyst estimates of $224.83 million. Iberiabank Corp.’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. On average, equities analysts predict that Iberiabank Corp. will post $4.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were given a $0.34 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $1.36 dividend on an annualized basis and a 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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